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  5. The late payment of commercial debts (interest) Act.
  7. Interest and compensation on debt paid in part
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Interest and compensation on debt paid in part

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11 years 7 months ago #914 by Reza
Interest and compensation on debt paid in part was created by Reza
Hello,
I am new to this forum. I have a question I hope someone could answer.

Original Debt: £11000
Payment after 60 days: £2000
Payment after 90 days: £2000
Payment after 120 days: £2000
Payment after 150 days: £2000
Payment after 180 days: £2000
Payment after 210 days: £1000

I wonder how the interest rate calculator to determine the interest rate and compensation. Any reply is appreciated.

Reza

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11 years 7 months ago #916 by ashley smith
Replied by ashley smith on topic Re: Interest and compensation on debt paid in part
Try entering the amounts as multiply invoices using the original invoice date and each payment date\amount.

Add all the 6 results up to get the total due to you.

Note though you can only charge one penalty charge of £100 (original debt over £10,000).

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  1. Forum
  3. Pay on time supporter forums
  5. The late payment of commercial debts (interest) Act.
  7. Interest and compensation on debt paid in part
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