late fees

[soozin35]

What is the name of your state? California

I would like to know if a company can charge you late fees when you have entered into an agreement to pay the past due balance on a monthly basis along with your regular payment? If you are making a payment on the past due balance, than how can they charge you a late fee if you are paying on it?

Thanks,
Soozin35

[Veronica1228]

Originally Posted by soozin35

What is the name of your state? California

I would like to know if a company can charge you late fees when you have entered into an agreement to pay the past due balance on a monthly basis along with your regular payment? If you are making a payment on the past due balance, than how can they charge you a late fee if you are paying on it?

Thanks,
Soozin35

They can charge you late fees because until your past due balance is paid up to date you are going to continue to be past due.

Is this a trick question or something?

[soozin35]

California

No, this is not a trick question. If the company can still charge late fees, than you will never get done paying the balance off. This will take a long time. What is the since in entering into an agreement to pay more than the regular payment, if you are not making any head way?

Soozin35

[Veronica1228]

Originally Posted by soozin35

California

No, this is not a trick question. If the company can still charge late fees, than you will never get done paying the balance off. This will take a long time. What is the since in entering into an agreement to pay more than the regular payment, if you are not making any head way?

Soozin35

I'm not trying to sound mean, but you should be glad they are willing to make arrangements with you at all. They could decide to send it to a CA and they will not be as understanding. Just make the largest payment you can. Otherwise, you can stop paying and let it go to collections.

Unfortunately, there aren't a lot of options for you.