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Finance Charge for overdue invoices In North Carolina, is…

Finance Charge for overdue invoices...
Finance Charge for overdue invoices In North Carolina, is there a maximum and or a standard interest rate that can be charged on an overdue interest rate for professional services? Thanks, JW
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3/15/2018
bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 6,361
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

8% (§24-1);

may contract for higher rate if under $25,000;

if over $25,000, may contract any rate (§24-1.1)

http://statelaws.findlaw.com/north-carolina-law/north-carolina-interest-rates-laws.html

Please let me know if I can assist you further.

Thank you and best regards,

Barb

bkb1956
bkb1956, Finance Enthusiast
Category: Finance
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