Late Payments:
Late Payment Penalty. Upon the failure to pay in full any balance within 15 days of the due date for such installment, a late payment penalty of One Hundred Dollars $100 shall immediately be charged.
The balance of any amount which remains unpaid more than thirty (30) days after it is due shall accrue interest until paid at the rate equal to the lesser of 10% percent along with being sent to collections.
Under the Late Payment of Commercial Debts Regulations 2013 we are entitled to claim late payment interest & compensation charges.
Take notice that if full payment is not received, we shall, without further notice, begin legal action to recover the debt, all court costs and statutory interest.