Posted by Stamper_WI on 3/13/06 2:11pm
Msg #104435

Late fees?

Anyone charge late fees for overdue payment? If so how much? I see these little notes on my bills that a 3% late fee will be charged if I don't pay.

Reply by BP/WV on 3/13/06 2:35pm
Msg #104441

State laws vary on the late fees you can charge as well as bad check fees.

Click on the link and then click on your state. In West Virginia, I can charge up to 6%.

http://www.debt-collection-laws.com/state-collection-laws.html

Reply by SatomiCO on 3/13/06 2:46pm
Msg #104447

I charge a "rebilling charge" for payments over 45 days.

Reply by Shane_OH on 3/13/06 9:21pm
Msg #104602

A flat $35 late fee for anything over 45 days....

Its on the bottom of every invoice.

If its a new company for me, I send a reminder at 30 days. After 45 days, late fee is incurred, and then get a new invoice.

Companies I have great relationships with, I let slide a bit...

Reply by LilyMD on 3/13/06 9:25pm
Msg #104606

Re: A flat $35 late fee for anything over 45 days....

I also have a flat fee of $35. for anything over 45 days. I must say I haven't had a late invoice in quite a while (knock on wood) and I hope it stays that way.

Reply by NJ_Notary on 3/13/06 10:41pm
Msg #104625

Hi my favorite "Z":

Ok ull never be just a stamped but always a Z to me .... Inside joke and yes it kidna sounded poetic there lol. I do net 15 and anything over 30 days 10% fee and so forth. Anything 90 days late is just unacceptable and i charge 50% and well if by the 5th month (only been there twice) then its double the orginal amount. And yes ive been paid the late fees.

God bless