Posted by SusieTN on 4/8/10 12:50pm
Msg #330771
late fees
Does anyone charge late fees, and if so, how much and how late?? I am soooooo over these companies going 45-60 days and more. Then they say they havent been paid... not my problem (sort of, I guess). Agreement is with them, so they need to honor agreement.
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Reply by Sylvia_FL on 4/8/10 12:57pm
Msg #330773
I think if you were to charge late fees you would have to have it on your invoice that if not paid in X number of days a late fee of X will apply.
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Reply by Cari on 4/8/10 1:42pm
Msg #330779
I agree with Sylvia, that info should be put on your invoice
that way, it won't be such a surprise to them when they get charged the additional fee...I do it.
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Reply by LynnNC on 4/8/10 1:14pm
Msg #330774
I don't worry about getting paid in 45-60 days if that is their schedule - I just want to be paid!
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Reply by HARRY_PA on 4/8/10 1:27pm
Msg #330775
Charging and collecting are two different things. Goo luck to you.
Harry
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Reply by SusieTN on 4/8/10 1:29pm
Msg #330777
yeah... that is what I jus posted!! Thanks!
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Reply by SusieTN on 4/8/10 1:28pm
Msg #330776
my concern is when they say they will pay in 15-30 days, and it keeps drawing out, and we keep getting the run around. I guess, in reality, if they havent paid in 90 days, the agreed to fee, they are not going to pay late fees either!! LOL.... I love my job!!!
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Reply by Jessica Ward on 4/8/10 5:31pm
Msg #330813
I have a late fee posted on my invoice for both my notary work and my freelancing. I've never had anyone pay it though. Never.
For some clients I do a discount if they pay by PayPal the same day (I'm willing to take less for the guarantee that I'll get paid, and paid faster!)
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Reply by nolanotary on 4/8/10 6:49pm
Msg #330817
I include a statement at the bottom of my invoice stating that XX interest is charged monthly on outstanding balances. It also calculates on statements I send when invoices are late. I don't expect to receive it if they eventually pay it late; however, if I have to drag the deadbeats to small claims to receive payment, I can justify including that accrued interest in my claim. If it is not listed, you will have a very difficult time collecting it on the backend.
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