How to charge interest on late payments
Posted in Chasing Payments, Churchill Recovery, Debt Collection, Debts, Insolvency, Interest, Recover Your Debts, Recovering Debt
Charging interest on late payments is an effective way of protecting your business’ cashflow. UK businesses of all shapes and sizes are suffering due to the country’s late payment culture. 80% of small businesses are paid late, and on average, SMEs are owed £6,142in late payments at any one time. Being paid late can have…