HomeGlossaryLLate FeeGlossaryLate FeeA fee assessed to a payday loan when it is not repaid in full by the agreed-upon date.Browse: A · B · C · D · E · F · I · L · M · O · P · R · S · T · U · W · full glossaryMore glossary termsAPRAch WithdrawalBad CreditBalloon PaymentCAPSCash AdvanceCheck CashingConsumerConsumer AdvocateCooling-Off PeriodCredit CheckDebt TrapDefaultDeferred DepositExtensionFDICFaxlessFinance ChargeInstallment LoanInterestLenderLoan SharkLoan TermMilitary Lending ActOrigination FeePaycheckPayday AdvancePayday Alternative LoanPayday LoanPost-Dated CheckPrincipalRolloverSubprime LendingTitle LoanUnsecured LoanUsuryWage Garnishment