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So the average fee for a late mortgage payment would be no more than 30. Plus, most contracts give you a grace period of 10 to 15 days so if your payment is only a few days late, theres no fee at all. Rent Payments.
Renters also pay cash loans in hagerstown md fee for paying their rent late. According to RentLaw, most courts say a reasonable fee for landlords to charge is up to 5 of the rent. So for a 600 rent payment, the fee would be 30. In addition, some states say landlords cant charge a fee at all until the rent is 5 to 10 days late.
Car Payments. Theres a similar rule for car loans. According to CarsDirect, most banks dont charge late fees on car payments until theyre 10 days overdue.