RE: FN-FORUM: Charging interest for non paying client

date posted 21st April 2008 12:40

I add 30% to the value of each item on the invoice and then offer a 30%
discount if payment received within 14 days, it's a good way of encouraging
clients to pay quickly and also allows a reasonable penalty if they pay
late. Best part...it's totally legal (a judge suggested it after I lost a
case in 1997 on interest charged on late payment etc).

HTH

Darren

-----Original Message-----
From: [EMAIL REMOVED] [EMAIL REMOVED] On Behalf Of Duncan
Glendinning
Sent: 21 April 2008 13:55
To: FN-FORUM / [EMAIL REMOVED]
Subject: Re: FN-FORUM: Charging interest for non paying client


Many thanks to everyone with your thoughts...
I am definately adding a clause to my quote, which has the terms I ask
them to sign off on before I start, so I don't get done in future.
What I intend on doing is giving her another couple of weeks. Even
though my invoice says 14 days, I will ensure she has had the full 30
days to pay up, and then issue her with a notice that I will be
charging the statutory interest rate...or maybe I could just pull her
site...(lol).

Thanks again...

Duncan

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