Re: Can a lender charge you interest for missed payments?

Posted by Nick(Colorado) on December 03, 2002 at 14:22:33:

In Reply to: Can a lender charge you interest for missed payments? posted by Jo on December 03, 2002 at 13:51:32:

Jo:

Reread you loan agreement. Most likely the interest on the
missing payments will start to accumulate after 10 days in
arrears. You are lucky that the loan is not yet in the
foreclosure department, you then you would have attorney
fees to deal with.

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Comments:
: Jo:

:   Reread you loan agreement. Most likely the interest on the 
: missing payments will start to accumulate after 10 days in 
: arrears. You are lucky that the loan is not yet in the 
: foreclosure department, you then you would have attorney 
: fees to deal with.


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