Payday Pundit » late fee http://paydaypundit.org News and Information About The Payday Lending Industry Mon, 21 Jun 2010 21:00:48 +0000 http://wordpress.org/?v=2.9 en hourly 1 Columnist slams bank fees http://paydaypundit.org/2008/03/21/columnist-slams-bank-fees/ http://paydaypundit.org/2008/03/21/columnist-slams-bank-fees/#comments Fri, 21 Mar 2008 17:40:13 +0000 Payday Pundit http://paydaypundit.org/?p=75 Liz Pulliam Weston at MSN Money pulls no punches.  According to the column: 

Late payments and exceeding your credit limit have almost tripled in the past decade. Bounced-check fees now average close to $30 — with some banks charging as much as $45 for an NSF (nonsufficient funds) draft.

 

Late fee

Overlimit fee

1994

12.55

12.75

1995

13.25

13.2

1996

14.21

13.94

1997

19.24

18.44

1998

22.1

21.14

1999

25.61

24.96

2000

27.1

25.99

2001

28.29

26.88

2002

30.04

27.89

2003

31.44

29.23

2004

32.61

30.35

2005

34.42

31.22
]]> http://paydaypundit.org/2008/03/21/columnist-slams-bank-fees/feed/ 0 Handy chart for comparing fees http://paydaypundit.org/2008/03/13/handy-chart-for-comparing-fees/ http://paydaypundit.org/2008/03/13/handy-chart-for-comparing-fees/#comments Thu, 13 Mar 2008 16:23:50 +0000 Payday Pundit http://paydaypundit.org/?p=989  

CREDIT ALTERNATIVE

$100 PAYDAY ADVANCE

$100 OVERDRAFT PROTECTION

CREDIT CARD LATE FEE ON $100 BILL

$100 OFF-SHORE INTERNET PAYDAY ADVANCE

$100 BOUNCED CHECK + NSF/MERCHANT

Fee*

$15.00

$29.00

$37.00

$25.00

$54.87

APR

391%

755%

965%

652%

1431%
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