answersLogoWhite

0


Best Answer

yes, a bank charges interest on late loan payments, if a mistake was made longer that a year ago, a protest can be made.

Hi am Robert i don't think they can take it back after it being so long i would get on to the F.S.A witch is financial services authority if you just Google it it should come up with there address and phone number . I am shoure they will be able to help you out the F.S.A are there to make shoure the bank's are running well and not ripping you off . I hope that helped you out some

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can a bank charge late fees on payments that were made over a year ago and is there a time limit on how far back they can go to charge a late fee?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the time limit to pay pff auto loans?

that is generally on a bank by bank basis you normally don't have a minimum time limit but some banks do charge an early payoff fee so that they still receive some of their interest payments. Check with your bank


What is an over limit fee?

In banking an over limit fee is an additional charge imposed by the bank due to your the funds in your account. It is a penalty charge for going over your account limit.


How do get your car back after a repossession?

If your car has been repossessed by the bank for missing payments, the quickest and most efficient way to retrieve your vehicle is to contact the bank and make your back payments. When contacting the bank about back payments see if there is a new payment plan system that you can set up with them that is more beneficial to you, to avoid having the car repossessed again.


What are credit line payments?

Credit Line payments are payments that you make monthly on a line of credit that you have with your local bank. Many line of credits are based on the equity in your home, but they usually charge much lower rates than a traditional bank loan.


If you give your manufactured home back to the bank are you still responsible for the payments?

You may be responsible for the difference in what you owe on the home and what the bank is able to sell it for. You are not still responsible for the payments.


If a person dies can you give car back to bank?

If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.


What is the time limit for processing a debit card charge?

A debit card charge must be posted no more than 30 days from the date of purchase. The merchant can still post a charge after the 30 days however they open themselves up to getting a chargeback from the cardholder/bank. A chargeback is a right that every cardholder/bank have. It is a way for the CH/Bank to get back their money when a merchant incorrectly processes a transaction.


Can you overdraw on a credit card?

Yes, but the card issuing bank would charge you over limit fee and other additional fees if you exceed your credit limit


Can a bank charge off an auto loan and still accept payments from you at the same time?

Yes, if the account was in default. If there were arrearages payments being made could be applied to such making the account still in default and subject to additional action as well as a charge off.


Can a bank repo for not paying late charges?

If you are still making payments to the bank, then legally it is the property of that bank. If you fail to make the payments, the bank reserves the right to take back their property. Property can usually be returned to the purchaser if the the purchaser can make the payment in full, within a certain amount of time set by the bank.


Why does a car get repossessed?

The person who bought the car didn't make payments so the bank takes it back.


What are the duties and functions of the Buea Regional treasury Cameroon?

it in charge of collecting authorized state revenue and makes various payments for states expenditures . its equally known as the government bank. most of its payments are done through the bank which to an extend contributes to the of the banking sectors growth.