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What else can I help you with?
Is it legal for a company to charge interest on top of interest charges?
If the amount due has lapsed to the next month without any payments being made, the CC company will add additional "penalties" that may appear as added interest, but in reality the fines are added to the principal amount owed.
Can a credit card company charge interest on interest?
No. A credit company can not charge you interest on top of interest. With that said if you have a balance of $1000 and the company charges you $20 interest for that month. Next month a new balance is created $1020 then the company can charge you interest on $1020.00 if you fail to pay the $20 interest at the minimum. Interest is a finance charge and so long it does go over 59.9 per cent it is legal even on closed accounts. This is called accrued interest. If your account is closed due to unforseen of financial circumstances contact the credit and work out a payment arrangement and request interest to be stop. Many creditors will do so if the amount is paid in a timely manner usual 6-9 months. Otherwise consumer proposal is an option.
Who is an External consultant?
A person who is not a legal employee of the company but who works on specific asignments in the company's interest.
What is it called if no charges are made?
If no charges are made, it is typically referred to as a "lack of prosecution" or "dismissal of charges." This means that the authorities have decided not to pursue legal action against the individual for the alleged offense.
Can you charge interest on interest in the sate of MA Someone is sending me a bill with an interest charge on it and now theyre charging interest on the interest Is this possible or even legal?
no, its called usury and its illegal
Is it legal for a trash hauling company to charge a fuel surcharge that the customer hasn't agreed to.?
It would depend on the terms of the agreement between the trash hauling company and the customer. If the agreement allows for fuel surcharges or includes language that allows for additional charges, then it may be legal. However, if the customer did not agree to such charges or they are not stipulated in the agreement, the company may not be legally entitled to impose them. It is advisable to review the agreement and seek legal advice if necessary.
Overcharge of interest what is call what is the legal name for it?
Charging an excessive amount of interest is called usury, and it is banned by federal law, and by laws adopted by most States. Excessive interest rates are called "usurious."
Who owns the legal interest called the leasehold estate?
The tenant owns the legal interest in the leasehold estate. The fee owner is the one who actually owns the property but the property is subject to the lease.
Is it legal to advance the bunos from the govagency to private company or individual with 70 percent interest rate plus deduction of any obligation of yours from the said private company or corporatio?
Some of the words used aren't entirely clear ("bunos"?), but a "70 percent interest rate" cannot possibly be legal.
What does the meaning of receive payment within 30 days mean?
It means that you have to have settled the bill within 30 days or interest charges will be applied and legal action taken.
What is reliving charges on security?
Reliving charges on security refer to the costs associated with re-issuing or reactivating a security interest after it has been released or discharged. This often occurs in financial or legal contexts, such as when a borrower pays off a loan and the lender releases the collateral, but later, the borrower needs to secure a new loan against the same collateral. The reliving charges may include fees for administrative work, legal documentation, or other associated processes involved in reinstating the security interest.
Is it legal for a credit card company to charge 109.96 percent interest on a cash advance?
Credit card interest and fees are determined at the state level at present. Congress has passed a law which makes bait and switch tactics more difficult but legal interest ceilings are still a state matter.
