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Is there a penalty if I make an installment payment a few days late (i.e. late charge)?

April 26, 2017charge days installment late payment penalty

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Is there a penalty if I make an installment payment a few days late (i.e. late charge)?

1 Answer

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Penalties are assessed in accordance with the terms of your promissory note. The payment coupons provided by the Receiver show the amount of each months late charges.