Hi...I'm new here and would like some help. I have a loan though a friend of my fiance's for a car he sold me. In the note he did not give me a grace period of any kind but since he was a friend I didn't think he would play games, legal or otherwise. Well here's the situation. I agreed to pay him $300 a month but my payment this month is going to be about 4 days late and he wants me to give him an additional $50. Is that amount legal for 4 days late? Is it legal period for him to want me to pay that much or am I out of luck because I was stupid enough to trust him and not have an attorney look over the note on my behalf? His attorney is the one that put the contract together. Thank you so much in advance for helping me out. I am meeting him on Wed. to make the payment.