@ubermichael

Contractors and Consultants: when do you start charging interest on late payments? Is two months late too soon?

2:53PM Mon, January 23 2012

@paulosman Toronto, ON

depends on the terms you specified on the original invoice or contract. That's something you want to indicate up-front.

2:54PM Mon, January 23 2012

@ubermichael

Yeah. That was mistake number 1, 2 and 5: no contract.

2:55PM Mon, January 23 2012

@paulosman Toronto, ON

eek. That's a toughy then. Don't know if late-payment fees will help. I'd send a polite firm email, then lawyer up. IANAL ...

2:57PM Mon, January 23 2012

@victriviaqueen

We start after 30 days.

3:04PM Mon, January 23 2012

@ubermichael

Thanks. That's what everybody said so far.

3:15PM Mon, January 23 2012

@MinorMogul Vancouver, BC, Canada

Charge interest after three months -- retroactive to the date payment was due.

3:26PM Mon, January 23 2012

Anonymous

Replyz collects and amplifies questions from around the web, allowing a wider audience to answer them.

Contractors and Consultants: when do you start charging interest on late payments? Is two months late too soon?

depends on the terms you specified on the original invoice or contract. That's something you want to indicate up-front.

Yeah. That was mistake number 1, 2 and 5: no contract.

eek. That's a toughy then. Don't know if late-payment fees will help. I'd send a polite firm email, then lawyer up. IANAL ...

We start after 30 days.

Thanks. That's what everybody said so far.

Charge interest after three months -- retroactive to the date payment was due.

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Replyz collects and amplifies questions from around the web, allowing a wider audience to answer them.

Contractors and Consultants: when do you start charging interest on late payments? Is two months late too soon?

depends on the terms you specified on the original invoice or contract. That's something you want to indicate up-front.

Yeah. That was mistake number 1, 2 and 5: no contract.

eek. That's a toughy then. Don't know if late-payment fees will help. I'd send a polite firm email, then lawyer up. IANAL ...

We start after 30 days.

Thanks. That's what everybody said so far.

Charge interest after three months -- retroactive to the date payment was due.

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