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Make sure to avoid high credit card fees

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Question: I was late making my payment to my credit card company last month and I think I was charged a fee for being just one week late. Can they do that?

Answer: They can, they did and they may do it again.

It’s bad enough that you have to pay high interest rates on credit card debt; but if you make the wrong moves, additional high credit card fees can really add to your financial pain.
It sounds like you have been charged a good, old-fashioned “late fee” by your credit card company. The fee was probably somewhere between $15 and $39.

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