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Normally, no interest is payable under the line of credit until the customer actually draws on a part or all of the credit facility. There may also be a fee for keeping the credit facility open, which may be a monthly, quarterly or annual fee. This may be called an “unused line fee”, which often is an annualized percentage fee on the money ...
For example, if you have a $100,000 line of credit with a $20,000 balance, you have $80,000 in unused credit. If the fee is 0.10 percent, you’ll pay an unused line fee of $80.
The appraiser's fee was listed as $375, but the AMC fee was a whopping $725, for a total cost of $1,100 to the client. In another case, a townhome in Georgia, both Solidifi's and the appraiser's ...
A class action lawsuit filed against T-Mobile alleges the company charges a hidden fee by misleading customers since 2004. ... charge of $3.49 per line. The complaint alleges the fee is disclaimed ...
A revolving credit line allows borrowers to draw down, repay and reborrow as often as necessary. The facility acts much like a corporate credit card, except that borrowers are charged an annual commitment fee on unused amounts, which drives up the overall cost of borrowing (the facility fee).
Unfunded loan commitments are those commitments made by a Financial institution that are contractual obligations for future funding. They should not be confused with Letters of credit which require certain trigger events before funding is needed.
Your billing statement provides a detailed breakdown of the subscription fee, including benefits, required government taxes, and any additional fees. • Communication surcharges - We answer to a higher calling - the phone company. If you connect to AOL using a long-distance number or AOLnet 800 number, you’ll see these surcharges in addition ...
Your unused credit card has an annual fee and you aren't getting value from it. As an example, I have a travel credit card I don't use much that costs about $200 per year.