Is there a legal limit to finance charges that can be charged in the state of Michigan?
yes
Yes, if you are over limit and you may be charged late fees unless you pay down to your limit.
Provided the account was indeed discharged and the late fees were generated after the discharge, the answer is no.
it doesnt matter who you are, if you pay your rent late, you get charged, sorry my mistake, unless your aboriginal you get late charges.. katy
I really dont think that there is. I had the same problem with my credit card companys. They were not happy with the payments I sent, and kept adding more
The lender can sue for the amount of the loan (including interest and late fees), and any legal fees (such as court filing fees and attorney's fees). They COULD garnish wages and repo any collateral used to "get" the loan.
In every state that I know of, a notice to quit (for non-payment of rent) can be served the day after the rent is due. Late fees depend on the state. In Massachusetts, the rent must be 30 days late for a late fee to be imposed, and it has to be noted in the current rental agreement. However, there is no statutory limit on how much the fee can be.
Yes. Any amounts owing.
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.
Yes, the loan is not paid in full if there are unpaid lates fees
Unfortuantely yes. For them it is clear and easy profit. Not a legal expert, but from experience, calling mbna to complain and threatening legal action (work for a debt collector) was effective in getting the overlimit fees refunded immediately.
Without a civil judgement, it is normally only legal to charge any late fees, administrative fees or other penalties provided for in the lease or rental agreement. If such a penalty is permitted in your lease, the fee is valid.