Is there a law that protects you from being charged more than you should? I have made so many payments to catch up on a defaulted loan, and have barely made a dentin the actual original balance because of all the ridiculously high late fees. Any way I can legally get some relief or even compensation? The debt, as far as I ever knew, wasn't even accurate to begin with but I wanted it off my credit reporrt so i started making payments. Paying 20 bucks every month became a habit. And when I checked it after about 6 months, i realized it didnt make much of a difference.