The principal owed by the credit card has been paid off Will the remaining unpaid interest and late fees continue to generate interest or late fees?
This interest and late payment fee exist because of the existence of the principal. If the principal exists, there will be interest and late fees, which are divided into two stages. The late payment fee is an overdue fee, and the interest is the monthly interest payable when you borrow the principal. Do you choose to pay interest monthly or quarterly? Interest will only be generated if there is principal. If your principal has been paid off, so should this interest. If there is no principal, it has been paid off and the interest has not been paid off.