Help - calculating interest on a daily basis for overdue inv

[Debbie Reinvented]

Re: THANKYOU!

www.payontime.co.uk/legislation/legislation_main.html

[tim123]

Re: THANKYOU!

Debbie,

The problem is sdwhyatt has a contractual agreement, so the statutory rules don't apply (other than to make the contract enforceable).

But there seems to be a disagreement (mis-understanding) between the parties over what the contractual agreement actually is.

I'd really like to know why he thinks he can charge 2% per day (and why he though it reasonable to ask for same in the first place).

Tim

[Debbie Reinvented]

Re: THANKYOU!

okay so I'm not a detail person