| jeff gordon - 12/3/2012 19:08
Send out another bill after 30 days. Add 5%. If person doesn't respond 30 days after the 2nd bill, then your going to have problems getting paid.
Adding 5% monthly compounds to an annual interest rate of at least 80%. Canadian usury laws kick in at 60% . The highest courts have ruled that a "late fee" or another charge of that sort amounts to part of the interest charged, which is subject to usury law.
http://www.freedominion.com.pa/phpBB2/viewtopic.php?t=23007
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