Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

credit service charge

Read a random definition: Year Books

A quick definition of credit service charge:

Term: Credit Service Charge

Definition: A credit service charge is a fee that a bank or credit card company charges for providing credit services to its customers. This fee is usually a percentage of the amount of credit used by the customer and is added to the customer's account balance. It is important to read the terms and conditions of your credit agreement to understand the credit service charges that may apply to your account.

A more thorough explanation:

Credit Service Charge

A fee charged by a lender for providing credit services to a borrower. This fee is usually a percentage of the amount borrowed and is added to the total amount owed by the borrower.

  • A credit card company charges a 3% service charge on all cash advances taken by the cardholder.
  • A bank charges a 1% service charge on a personal loan taken by a borrower.

These examples illustrate how a credit service charge is a fee charged by a lender for providing credit services to a borrower. The fee is usually a percentage of the amount borrowed and is added to the total amount owed by the borrower. In the first example, the credit card company charges a 3% service charge on all cash advances taken by the cardholder. This means that if the cardholder takes a cash advance of $100, they will be charged an additional $3 as a service charge. In the second example, the bank charges a 1% service charge on a personal loan taken by a borrower. This means that if the borrower takes a loan of $10,000, they will be charged an additional $100 as a service charge.

credit sale | credit slip

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.