While I agree there needs to be incentives to be credit-worthy, isn't that what the credit report is for? I think you'd probably argue the fees are better than it hitting their credit report, but I'm not sure those people would agree. Those late fees are then unable to be paid as well, causing further damage to the credit report than the actual debt. They get punished twice for it.
I have a friend who's in that situation. Medical bills for his entire family have basically crushed him. Without the late fees, he'd be just scraping by with bad credit. With the late fees, he's still got bad credit. But now he's got late fees, too.
I have a friend who's in that situation. Medical bills for his entire family have basically crushed him. Without the late fees, he'd be just scraping by with bad credit. With the late fees, he's still got bad credit. But now he's got late fees, too.