I need help. Is it legal for an unpaid late fee on an installment loan to cause the account be reported as 30 days late? I made a payment late but did not include the late fee. The fee aged on the account and was reported as 4 times 30 days past due. I have since paid the amount and have stirred up trouble with the bank but I see no way out as they will not budge on their reporting. It isnt fair and doesn't seem legal. Any answers?
1*doesn't seem legal. 2*It isn't fair someday ============ 1*It's legal 2*Did you ever see a Con Job - scam - shell game or fleece that was fair??~??? THE END ** *** ** LB 59 """""""""```~~~```'"""""""""
Thanks for your help. I definitely made the next payment before the 30 days expired. Even if I did not write two checks for the next month to include the fee, I argued that they should have applied my payment to the oldest balance, which would include the late fee. This really pisses me off. I spent two years making sure my reports were accurate, transferring from finance companies to banks, making payments on time. After 4 x 30 day lates from late fees in a six month period, I might as well have declared bankruptcy. I just might do that anyway.
