Credit card late fees: what you need to know
Our very own Principal Experience Officer, Adam Marlowe, was recently featured in a Yahoo! Finance piece on credit card late fees. Read the whole article here.
“For one, late fees can cost you even more in added interest charges and contribute to an ongoing cycle of debt if you aren’t careful. “Most credit card companies will add the late fee to your balance on the card. The downfall is that if you don’t pay the late fee, the credit card company will earn interest on your late fee,” says Adam Marlowe, principal experience officer for Georgia’s Own Credit Union.”