Late Fees are assessed under what condition?

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Multiple Choice

Late Fees are assessed under what condition?

Explanation:
Late fees are penalties applied when a payment is not made by the due date. The fee is charged to encourage timely payments, so if you pay on time you typically avoid it. Paying the balance in full or opening a new account doesn’t trigger a late fee—the fee specifically comes from missing the payment deadline.

Late fees are penalties applied when a payment is not made by the due date. The fee is charged to encourage timely payments, so if you pay on time you typically avoid it. Paying the balance in full or opening a new account doesn’t trigger a late fee—the fee specifically comes from missing the payment deadline.

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