a late charge is usually what percent?

2 ⤊

a late charge is usually what percent?

2007-03-02 10:55:47 · 3 answers · asked by Carlos R 1 in Business & Finance ➔ Credit

3 answers

The late charge is what is in your contract, it should state there when a late charge and from what amount.

2007-03-02 10:59:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋

I guess it would depend upon your company.
My bank charges a set amount of $35.00 as the late charge.
The terms of yours will be in your contract but if you cant find it, call them and ask them. They will be happy to tell you. The number should be on the back of your credit card.

2007-03-02 11:04:22 · answer #2 · answered by xxxxxxx b 3 · 1⤊ 0⤋

I would guess that it would be less than $40.00. but I believe that it is a fixed amount and not a percentage!

2007-03-02 11:18:22 · answer #3 · answered by lisa s 6 · 1⤊ 0⤋