It is always a good idea to make your payments on time each month, not only to avoid these high interest rates, but also to avoid
hefty penalty fees.
If you pay late, you risk
hefty penalty fees (and increased interest rates).
Not exact matches
Prepayment
penalties: Many commercial real estate loans come with
hefty prepayment
fees or other
penalties, in the form of yield maintenance or defeasance, if you prepay the loan balance.
The disadvantages include the origination
fees,
hefty prepayment
penalties, collateral and personal guarantees, and stringent requirements for cash flow, years in business, and profitability.
But to avoid the airline's last - minute checked bag
fees and
hefty overweight
penalties, travelers need to be prepared.
Also, cardholders are not charged a
penalty rate for making a late payment, though those who pay late more than once within six billing cycles may be charged a
hefty $ 38 late
fee.
Some companies will charge
hefty cancellation
fees and
penalties when policies are terminated early — so always make sure you understand your insurance company's cancellation policy.