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A fee can be looked at similar to a penalty. While there are no fees attached to your contract, you can be fined for late payments or a returned payment. A charge on the other hand, is an amount that you acknowledge you are purchasing. At origination, the amount you finance is considered a charge. There are two types of fees/penalties that can occur over the span of your contract: Late Payment Fee and Returned Payment/NSF Fee.

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Late Payment Fee:

If the consumer does not pay at least the minimum payment due for a billing cycle by its due date or any later date that may be established by applicable law, we will charge the following late payment fee to their account: If all or any portion of a payment is not paid within 15 days of its due date, the consumer will be charged a late fee equal to 5% of the payment or 15,whicheverisgreater,butnottoexceed15, whichever is greater, but not to exceed 50; if the payment is 25orless,thelatefeewillnotexceed25 or less, the late fee will not exceed 5.

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Returned Payment/NSF Fee:

If any account payment made or attempted is returned unpaid to us for any reason, we will charge a returned payment fee of $25 to their account, subject to any legally required notices and any limitations of applicable law.