Re: FN-FORUM: Charging interest for non paying client

date posted 22nd April 2008 03:47

I have a client whome I invoiced on the 2nd of JANUARY 2008 and I am
still chasing for payment.....!!!!
I am extremely desperate for Money but this client is a long standing
one and also my former employer.
So while being really desperate, I donot want to be impolite or rude...
Would any oneof you have any ideas for me to push this?

Thanks,
Thilan.



On 21 Apr 2008 11:51:21 -0000, Martin Wheatley
[EMAIL REMOVED] wrote:
>
> On 21/04/2008 12:44, Duncan Glendinning wrote:
> > Good Morning,
> >
> > I know this has been talked about on a couple of occasions, but the
> > forum archive on freelancers.net doesn't appear to be searchable.
> > Anyhoo, what I am after is some advice. I have a very difficult
> > client, who, despite being sent an invoice clearly stating 14 day
> > payment terms has said that she will pay me when her client pays her.
> > As far as I am concerned my getting paid has nothing to do when she
> > gets paid, does it?
> > The problem is that I do not have a proper contract (my bad, I know),
> > so wonder whether I am entitled to charge her interest, and if so,
> > what would the steps be (i.e informing her, setting the rate and
> > potentially defending myself should this go to court).
> >
> > Also, for future reference, what clauses to you guys have to ensure
> > they do pay on time?
> >
> > Regards,
> > Duncan
> >
> >
>
> I have the following on my invoices:
>
> Payment must be made within 30 days of the invoice date shown. We reserve
> the right to claim statutory interest at 8% above the Bank of England
> reference rate in force on the date the debt becomes overdue and at any
> subsequent rate where the reference rate changes and the debt remains unpaid
> in accordance with the Late Payment of Commercial Debts (Interest) Act 1998
> as amended and supplemented by the Late Payment of Commercial Debts
> Regulations 2002.
>
> I'm sure 14 days isn't enough I think it's 30 days for businesses (the acts
> mentioned above will tell you).
>
> If it's an individual then you can't charge interest if I remember
> correctly.
>
> Martin
>
>
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--
THILAN KOTHTHIGODA
AIA (SL) M.Sc. (Architecture) B.Sc. (BE)
Chartered Architect

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