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Can a finance company charge both a late fee and interest on that late fee?

Written By: aaren on August 4, 2009 One Comment

If a car payment was late and a late charge was applied, can the finance company turn around and charge late fees on the interest in the form of daily interest?

Also how can that be applied to the principal?


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One Response to “Can a finance company charge both a late fee and interest on that late fee?”

  1. agen nikmat on: 4 August 2009 at 11:51 pm

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