When it comes to credit cards while there has not been as much commotion from many of the changes that have occurred within the past couple of months, one that seems to still be talked about quite a bit is that of late fees.

As late fees have increased over the last couple of years, many people are unaware of how much they differ from each issuer. According to a study performed by Bankrate.com many of these fees fall into the $5 to $40 range with the highest in 2009 being a whopping $38.50.  While late fees may seem like a “one size fits all” approach that is defiantly not the case as it depends on the financial institution to determine not only how much is charged but when these fees actually go into effect. F

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