Late Payment Act
The Late Payment of Commercial Debts (Interest) Act 1998 is intended to penalise your late paying debtors, and recompense you for lost income. Click here for your copy of the Act.
When you refer an account to us for collection, we will charge the Act’s interest and compensation throughout the amicable and legal collections process, and this can often cover, or certainly offset, the commission that we charge for collecting the debt.
