Allowable late fee charges for California locksmith?
skydivemommy asked:
We own a locksmith business in California, which is a licensed contractor. We would like to initiate a late fee charge for our customers. How much can we legally charge? What are the policies and how much notification do we have to give our customers? Any help is greatly appreciated. Thanks.
A late charge for not paying on time.
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Comments on Allowable late fee charges for California locksmith? »
What are your customers late with?
You need to put it in your invoice. I would charge 5% additionally for every thirty days late. After 90 days turn it over to a collections company.
Legally this means nothing, you should consult a lawyer to check about what you should do.
Its not that simple to charge more money. You have to consult a legal expert. But even if it is legal, it will be hard to enforce.
But you can tell people this is how it works, and it might get them to pay in time.