Statement fee
Cards & borrowingA fee charged for sending a paper statement or account notice.
Overview
Some lenders charge fees for paper statements.
Electronic statements are often free.
Why it matters
- It adds small costs over time.
- It can be avoided by switching to digital statements.
- It affects total borrowing costs.
FAQs
Can I avoid statement fees?
Usually yes, by opting for electronic statements.
Do statement fees affect my credit score?
No, but missed payments linked to fees can affect it.
Related terms
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