Sentence examples for default fee from inspiring English sources

Its default fee is £20 and it charges £10 if you wish to extend the loan.

The Money Shop charges £29.99 on £100 and applies a default fee of £29 plus default interest of at least 1% a day.

Responding to the accusations, Wonga said it charged a one-off default fee that reflected the additional costs it incurred in collecting late repayments.

As with all our costs, we are completely transparent about our default fee and it's clear to customers when they apply for a loan, and at least three further times before their repayment date.

Over Christmas Premium Credit sent us a letter advising that they could not collect our payments, that we must pay a £20 default fee and that we must set up a new direct debit by 19 January.

Wonga believes new customers will be impressed by a "24-hour money-back guarantee", a three-day grace period, where customers will escape the £15 default fee, and freezing all balances in arrears to stop them racking up interest for longer than seven days.

Default fees and eviction threats followed.

Default fees were to be capped at £15 to protect people struggling to repay their debts.

Levying outsize default fees is another tactic — the fees typically go to the servicer, not the lender, but they can still propel a property into foreclosure more quickly.

Wonga, QuickQuid, PaydayUK and MyJar were charging the maximum £24 to borrow £100 for 30 days, with default fees charged at £15.

Following a 2006 ruling by the Office of Fair Trading that card providers were charging unlawfully high default fees, most have now cut them to £12.