Missouri Sample Letter for Late Fees
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How to fill out Sample Letter For Late Fees?
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FAQ
I am writing to follow up on [invoice number], which has a balance of [amount] and was due on [due date]. As of today, the payment is [number of days] overdue. I understand that delays can happen, and I want to make sure that everything is okay.
Late fees are imposed on people who don't pay a bill by a certain date. For instance, a credit card holder who fails to make their monthly payment?at least the minimum?by the due date can incur a late fee that will show up on their next statement.
Add Your Late Policy to Your Invoice Payment Terms ?Thank you for your business. Payment is due within 30 days. Please be aware that we will charge 1.5% interest per month on late invoices.?
Late Fee Policy Example 1 (Fixed or Interest): If payment is not received within those [30 days], any overdue and unpaid balances will be charged [a fixed fee of $25] [interest at a rate of 3% per month, charged daily until the balance is paid].
Hi [CLIENT NAME], As of today, we will begin charging a late payment fee for missed invoice payments. Overdue balances will be subject to a late payment fee of [INTEREST RATE / FLAT RATE] per month, which will be charged daily until the owing balance is paid.
And here's an example of invoice late fee wording you can use in your contract: [ ?Thank you for choosing Jeff's Contracting for your contracting needs. Payment of this invoice is due within 30 days. Please be advised that a monthly late fee of 1% of the total amount due will be charged on overdue payments.
Dear [Name], Further to my previous correspondence, I am contacting you regarding late payment for invoice [invoice number]. The invoice was due on [due date], and payment is now overdue by [number of days overdue]. Be advised that late payment interest may be applied if we do not receive payment within 30 days.
Contact your credit card issuer Apologize for the late fee, and explain why it happened. Make sure to highlight your history as a good customer and ask if they'll be willing to waive the fee.
