How can you deal with overdue payments?

Published: 13th May, 2015

Question asked by @Bfdheirhunters

If your contract states terms are, for example, 30 days net, then you can enforce these terms regardless of your customer’s excuses for late payment.  You may decide to give them extra time to pay and under the Late Payment of Commercial Debts (Interest) Act 1998, you can apply interest to the late payment from its due date.