Can a finance company charge both a late fee and interest on that late fee?
Saturday, April 25th, 2009Jason P asked:
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?
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?
