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Old 08-25-2006, 10:30 PM
mattfromNY mattfromNY is offline
LawnSite Bronze Member
Join Date: Jan 2006
Location: Central NY
Posts: 1,581
Charge interest after 30 days, Just my 2 cents. I have a good friend that is a local bank loan officer... He says his best customers are the ones who NEVER pay their loan payments on time, but ALWAYS pay, even though its late... the bank gets a $5 late fee paid. (think about it, $5 for a 60 month loan nets the bank an additional $300 per loan) By charging interest, you probably wont make a killing, but maybe it will help to offset your court and PITA fees.
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