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What is the delinquency assessment if an account is past due?

April 26, 2017account assessment Delinquency past

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What is the delinquency assessment if an account is past due?

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There is a 60 day grace period after the statement closing date within which payment is due. After that, an interest rate of Prime plus 1% and a $29.00 late fee will be accessed. Both begin to take effect on the 61st day the account is past due.