Legal Question in Credit and Debt Law in California
Is it legal for a credit card company to charge a late fee to your account? If so, when that late fee is charged to your account making it overdrawn, is it legal for them to charge your account an overdrawn fee plus the late fee?
Asked on 8/13/09, 1:49 pm
1 Answer from Attorneys
Larry L. Doan
Law Office of Larry L. Doan
Of course, it's legal for a credit card company to charge a late fee. As for the overdrawn fee triggered by your late fee, it may not be fair but they disclose it in your credit card agreement. Maybe a class-action lawsuit attorney out there could take the case to challenge that type of fee on behalf of credit-card holders in your situation. I believe such a suit may have been filed before.
Answered on 8/13/09, 8:16 pm