A fee charged to a cardholder's account once a payment is overdue.
If a payment is not received by the scheduled due date, as communicated on the student's Monthly Billing Statement, a $10.00 late payment fee will apply. If the Minimum Payment or Billed Balance Due is paid on or before the scheduled due date, as it appears on the student's Monthly Billing Statement, no late fees will apply.
The fee is charged to your account when it is not paid in full by the payment due date. Usually this is a flat rate, like $20 or $25.
A fee for not making the minimum mothley payment by the due date
If payment of the "Amount due" is not received by the schedule due date, as communicated on the student's Monthly Consolidated Billing Statement, a $20.00 late payment fee will apply. If the "Amount due" is paid on or before the scheduled due date, as it appears on the student's Monthly Consolidated Billing Statement, no late fees will apply.
A charge added to an account if a required payment is not received by a specific date
A fee which may be imposed by the card issuer if your payment is late.
A charge on the debtor whose monthly payment is not received on the due date.
Late payment fees, as the term indicates are payable in the event of any delay in repayment of the out standings on your credit card after the stipulated 'interest-free period'. These charges are very steep and card members are well advised to pay off at least the minimum amount due on out standings every month.
A fee charged to a credit card borrower when he/she fails to pay the minimum payment by the day before his/her next statement prints (usually two days or so after the payment due date). Late fees can be as high as $15 - $20 and are levied at the... read full article
When you receive the monthly statement it will come with a date you must make payment by. If you do not make the payment the late payment fee will be added.
A fee charged to the Cardmember when their payment has not been received by the specified due date.
A charge imposed when your payment is late. If your payment arrives after the grace period, you may be charged both a finance charge (the interest on your outstanding balance) and a late-payment charge. Some card issuers may also impose a penalty rate if you have more than one late payment within several months.
The fee charged for the late payment of a bill.
Charge to customer whose monthly payment has not been received as of the due date or stated deadline for payment as shown on the billing statement. This fee can a flat per-transaction fee or a percentage of the amount of the cash advance.
A customer is charged a late payment fee when their monthly payment has not been received as of the due date for payment as shown on the billing statement.
A fee charged to a consumer if his or her monthly payment is made after the due date stated on the billing statement.
Also Known As: Default Fee Definition: An administration fee charged where payment of a customer's bill is overdue.
Penalty charged because of late payment.
Any student who does not make full payment of his or her charges by the date specified on the bill in which the charges are initially listed will be required to pay a late payment fee. This charge is cumulative. An additional amount will be assessed on each subsequent bill until full payment is received.
a fee charged for failing to submit the minimum monthly payment by its due date. The fee can be a flat rate fee or a percentage of the amount borrowed.
A fee charged for a loan payment not received by the due date.
A charge made for late repayment of any form of loan.
The fee charged to an account holder who has not made a scheduled or agreed upon payment within a specified time period.
Charge imposed on a debtor for not paying on time.