Late fees can be incurred for utilities payments that are not made on time. These terms will vary depending on what utility company is used, and they should be contacted to learn what late fees and penalties they charge.
Not in UK
Yes. Additionally, you will be responsible for any late fees, repossession fees, storage fees, transportation fees, and legal fees and court cost incurred during the repossession process.
No. The only thing that has any negative effect on your score is missed payments, insufficient payments, over limit fees, late fees etc.
The bank and the credit bureaus are the only ones that could remove the late payments. If the bank waived the late payments, they will probably remove them from your credit as well. You will need to contact them to negotiate that. Otherwise you will have to dispute them to the credit bureaus. They will have 30 days to verify them or they must be removed.
Your credit rating will improve if the party that you have co-signed for makes prompt payments. If they fail to do this, you are on the hook for the payments and late fees that they may incur. Only co-sign for someone that you are sure will make the payments.
Review your governing documents to determine when late fees are charged. When you pay your assessments on time, there is no late fee; when you pay your assessments late, you pay a late fee. Late fees incurred for paying your assessments late are debts that you owe. You may be able to negotiate with your board to reduce the amount of late fees you incurred, if you have special situations. However, the decision of the board is final.
If the payment is received after the due date, late fees can be charged.
Not in UK
Yes.
Yes, late fees indicate that payments were not made on time, which renders the original agreement invalid and allows the lender to repossess the vehicle if they so choose.
Yes. Additionally, you will be responsible for any late fees, repossession fees, storage fees, transportation fees, and legal fees and court cost incurred during the repossession process.
Check your agreement. It is at his convenience that he accepts late payments with fees. There probably is a statement about how many times he has to tolerate late payments--if at all. Better for you to reexamine your payment habits and make sure all in the future are timely.
Late payment fees are agreed upon by you when you sign the finance contract, yes you owe the additional money as long as their addition of the fees is within the guidelines stated in the contract.
Yes. Any amounts owing.
If your payments are current, they're not coming to repossess your car. Trust me, the finance company would much rather have your money than your collateral (i.e., the car).
You will have to check your laws for your state. There are usually specific items regarding fees and interest on late payments. It may specify that amount of interest that can be charged or it may be a part of the judgement.
No. The only thing that has any negative effect on your score is missed payments, insufficient payments, over limit fees, late fees etc.