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Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Business Law
Satisfied Customers: 116143
Experience:  All corporate law, including non-profits and charitable fraternal organizations.
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as a independent contractor do i have the right to charge interest

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as a independent contractor do i have the right to charge interest on past due payments for services rendered?
If you have put a late payment fee or interest in your contract with them, then you can charge them. If you did not have a written contract then when you send your next bill you need to put on the bill that failure to pay within 30 days will incur interest at a rate of 18%-20% (that is considered average) for any payment later than 30 days from the invoice.


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Customer: replied 6 years ago.
Despite my earnest and patient attempts to collect payment for the above referenced invoice, payment has not been made. Thus, payment for this invoice is more than 30 days past due. You were given, a two (2) week grace period to make payment.
Therefore, I regret to inform you that, due to non-payment, a significant amount of late fee charges have accrued. A 10% late fee is accrued per day following the two (2) week grace period.
I am informing you that this is your First and Final Notice and LAST opportunity to make payment. Unless I receive a check in the amount of $ 3,263.30, on or by 26 May 2011, I will have no choice but to immediately pursue legal action against you and/or your agency. And, this invoice will continue to accrue additional late fee charges until payment is made in full. And, you and/or your agency will also be liable for any/all attorney fees and court costs.
Please refer to the attached document for a breakdown of all the late fees that have been applied.
If you have any questions or would like to make payment arrangements, contact the undersigned, at the number above, immediately.
Thank You for your attention to this matter.
**********************************************************************
Above is the body of my collections letter.....can you tell me if this was sufficient and legal?
Your letter is written quite well and it does indeed clearly inform them of the situation. The only change: "Therefore, I regret to inform you if you do not make payment within ten (10) business days, a 10% late fee will be incurred per day following the ten (10) business day grace period.
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