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angela stone

  • Posts: 126
late payment fee
« on: November 07, 2008, 06:31:51 pm »
Hi,

I did a one off job for a letting agent, it was short notice and I didn't envisage doing any more work for them. 

I invoiced them on 20/08/08, then sent them a reminder at the end of september. 

I hadn't received any payment by the end of October so I have sent them a letter saying pay in the next 7 days or I will send details of our late payment fees in a bid to try and get them to pay.

They haven't paid 2 weeks on so I need to send them this letter.  But I don't have any late payment fees.

Does anyone do this and what charge to do you apply?

Thanks

Ange

BDCS

  • Posts: 4777
Re: late payment fee
« Reply #1 on: November 07, 2008, 07:10:09 pm »
google consumer credit act and all you need to know is on there

sherco

  • Posts: 1041
Re: late payment fee
« Reply #2 on: November 07, 2008, 07:26:02 pm »
google consumer credit act and all you need to know is on there
I would pop in and see them or give them a call first, and see what they say as they might pay you there and then. Then i would wait a week then send them a reminder.
Natural stone floor restoration service.
Natural stone fixing and repairs.
www.poshstonefloors.co.uk

hygiene

  • Posts: 34
Re: late payment fee
« Reply #3 on: November 07, 2008, 07:33:58 pm »
the late payment fee we charge after 30 days is 8% of the outstanding balance. If that doesnt help we send them a recorded delivery letter threatening legal action if not paid within 7 days.. thats usually does the trick.. you may lose there custom though, so it depends how much you value there business..

Gerry Styles

  • Posts: 558
Re: late payment fee
« Reply #4 on: November 07, 2008, 09:55:16 pm »
Premier Klean Limited

angela stone

  • Posts: 126
Re: late payment fee
« Reply #5 on: November 09, 2008, 05:22:16 pm »
thanks guys, all useful stuff