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What is charges such as collecting loan fees and the interest the customer pays on the loan?
Mariahhh
servicing fee
Wiki User
∙ 12y ago
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How does a bank make a profit?
Banks make a profit by:By collecting fees from their customers for the services they offerBy collecting service charges from their customers for their services they offerBy collecting interest from their customers who have taken loans from them
What is the best bank to start out with?
* Location: Do they have branches in areas frequented by you and your spouse? * Visit each institution and evaluate customer service. * Do they offer the type of account(s) you require? * Are the hours of operation convenient? * Do they have ATMs ? * Do they offer Internet banking? Compare the rates, fees and service charges on the following: * bounced check fees * safety deposit box charges * ATM charges * checking fees * annual fees * interest rates for loans * interest rates on deposit accounts
What are the advantages of making cash purchases?
You would not be subject to interest charges or fees.
Why does capital one charge interest fees?
Capital One charges interest fees when the balance on the credit card is not paid in full each month. The user will cease to pay interest fees when the balance on the credit card reaches zero.
Can a collection agency charge fees or interest in new jersey?
Collection agencies can't add charges. Fees and interest charged to your account are per the terms of your contract with the creditor.
What are the fees associated with Indian Overseas bank?
The fees that are associated with India Overseas Banks are fees for ATM use, fees on cash advances, and interest rates on any type of personal or business loan. These are considered to be service charges for account holders.
How much are the membership fees for the diners club?
Diners Club card fees vary with what type of card you have. There are also interest charges and fees that may build up if you have a high balance or don't pay your bills on time.
When it comes to banking who is the payer?
When it comes to banking, the customer is the payer. The fees the customer pays in transaction as well as interest on debts and mortgages finance the day-to-day running of the bank.
Where can one learn more about finance charge?
For general information on finance charges and what fees and interest can cost on many different types of loans, the national Bureau of Economic Research is a good resource. For a breakdown on finance charges on a specific loan, each lender and in fact different loans from the same lender will have different fees and charges as well as different interest rates, so this information is best obtained from the lender.
Are catalog charges and interest rates subject to the same laws as bank charges?
No. While most catalogue retailers are not subject to the same regulatory framework as are banks, those retailers are limited in the maximum interest rates they are allowed to impose on customers. Fees, however, are not limited with the catalogue scheme because catalog shopping is not the only way to go shopping and, therefore, those fees are considered "convenience" fees for the catalogue providing you with the service.
Can a debtor sue for more than the debt?
The debtor does not sue. The creditor does. And yes, these suits generally include the debt, interest accrued, and the costs associated with collecting, such as attorney fees.
Is it fair practice for eBay to charge for their services AND collect Paypal fees too?
eBay charges fees and paypal charges fees all the fees are not just going to eBay so yes it is fair
