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Overdue payment charges


18 stoner
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Just wondering what the legal limits are for putting interest and addition charges onto overdue accounts?

 

I have sent an initial invoice with a "payment requested within" listed on it, but how much notice do i have to give before introducing charges?

 

Any info will be good, cheers in advance.

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I have always charged interest if the payment exceeds my standard mothly payment terms. Its cleraly shown on my quotation and I also print that accepting me to do the job implies that my standard business terms are met. I charge 2% over the bank of England rate and always get it.

Dont let the B****** get away with late payment, its always the ones with the big houses and swish cars who try to mess you around

Hope that helps

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Cheers so far, i actually put payment within 14 days as i know they are unlikely to pay. But what you are saying Ed is when they are a month late, i can apply the interest anyway, or do i need to give notice of the charges?

 

Sorry for the questions, its all very new to me, i am not used to this type of customer!:mad1:

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just keep tipping your woodchip in his front garden until they pay haha.

 

That was option No.1 but i had a moment of rational thinking so trying the legal approach first:sneaky2:

 

In a few weeks if i still aint got my money, i`ll give you the adress, will be a free tip in Brough!:001_cool:

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