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Ranger Mom
06-29-2007, 10:58 AM
You seem to like numbers.

Where would be the best place for me look to find the maximum interest we can charge on past due invoices??

Any clue??
pirate4state
06-29-2007, 11:16 AM
I don't know about maximum, but I know most of the stuff that we've handled here in the office we tack on 18%. :eek:
Ranger Mom
06-29-2007, 11:17 AM
Originally posted by pirate4state
I don't know about maximum, but I know most of the stuff that we've handled here in the office we tack on 18%. :eek:

Okay....well that's a starting point. We did an environmental site assessment for a church....and they haven't paid!!

I'm staying out of this one though....I don't wanna get struck by lightning!!:D :D
pirate4state
06-29-2007, 11:20 AM
Originally posted by Ranger Mom
Okay....well that's a starting point. We did an environmental site assessment for a church....and they haven't paid!!

I'm staying out of this one though....I don't wanna get struck by lightning!!:D :D

Okay, it is 6% over what they owe unless you had a contract that specifically stated that non payment would result in the 18% increase.
Adidas410s
06-29-2007, 11:22 AM
Things to consider:

1. What is the most that we can charge under the law?
2. What amount do we feel comfortable charging?

Unfortunately, I wouldn't know what to tell you off hand. Some companies charge flat fees for late payment, others charge varying interest rates.
pirate4state
06-29-2007, 11:23 AM
Originally posted by Adidas410s
Things to consider:

1. What is the most that we can charge under the law?
2. What amount do we feel comfortable charging?

Unfortunately, I wouldn't know what to tell you off hand. Some companies charge flat fees for late payment, others charge varying interest rates.

1. 6% of the balance UNLESS a contract states otherwise in case of default
Ranger Mom
06-29-2007, 11:25 AM
Originally posted by pirate4state
1. 6% of the balance UNLESS a contract states otherwise in case of default

No contract......so 6% it is!

Thanks!!
pirate4state
06-29-2007, 11:29 AM
Originally posted by Ranger Mom
No contract......so 6% it is!

Thanks!!

Your bill is in the mail! :p :p
44INAROW
06-29-2007, 11:31 AM
Originally posted by pirate4state
Your bill is in the mail! :p :p

you better pay on time RM - she might tack on another 6%:D