Loan for $4,700 ,6% interest, for 4 years and a $4.55 penalty for late payment after 15 days?

Question

How much would be owed at the end of the loan if no payments had been made during the four years??? Thanks

payments should have been $90.86 per month.

Answer 1

It depends on how much the lender tacked on since the loan would be in default.  Typically you would also owe additional fees, especially if they sued you for the loan.

Answer 2

just ask the lender

Answer 3

impossible to estimate because of all the fees and legal costs that would be involved!!! but with a doubt would be over 15k!!!