The Biden administration finalized a rule Tuesday that will close a loophole to slash fees charged by companies from an average of $32 to $8.
  • dan1101@lemm.ee
    0·
    7 months ago

    Yes but still won’t keep late payments from potentially wrecking your credit.

    • iopq@lemmy.world
      0·
      7 months ago

      But they should, that’s what credit is for. I understand that one day late shouldn’t matter and every time I called my bank they cancelled the fee and the lateness of the payment.

      But if you’re a month late, it reflects on your credit worthiness