PDA

View Full Version : Late fee charges?


JClawncare
04-25-2006, 12:40 PM
How do you handle late fee?
Do you charge a percentage 10%.15%,20% etc.?
or
Do you charge a flat fee $10,$20,$30 etc.?

What do you charge and after how many days?

Precision
04-25-2006, 12:47 PM
How do you handle late fee?
Do you charge a percentage 10%.15%,20% etc.?
or
Do you charge a flat fee $10,$20,$30 etc.?

What do you charge and after how many days?

each state is different on what is legal
Here, in Florida (as in many states it is 18% annually max) I charge 5% out of the gate at 14 days then 1% compounded each 30 days after that.