You know it brings a sickening feeling to the pit of my gut when I think of the number of times and how much it must have cost for my credit card company to charge not just me but all of their customers for late payments when a pay check and a monthly payment just … Read more
Penalties for late payment of PAYE and NIC, May 2010. From May 2010 HMRC are implementing new penalties for late payment of periodic PAYE /NIC from businesses. This will include any tax, national insurance contributions, construction industry deductions and student loan deductions which may be due in the tax year 2010-2011 onwards. It means that … Read more
Late payments are quite common in an auto finance bad credit situation. This is because the payments involved in this situation are most of the time higher than the premiums of an ordinary financing. Due to this, you might incur delayed payments most especially when your current financial income is tight. This could pose you … Read more
Credit control has never been more important. One inevitable consequence of the downturn is an increasing number of companies addressing their own cashflow difficulties by delaying payment to their suppliers. Thus, the company that used to pay 30 days after receiving an invoice may now hold off on payment for 45 or even 60 days. … Read more
Your payment history is actually determining 35% of your credit score, which is why you would mind to make your payments on time! Furthermore, the late payments will affect your score for a long period – 7 years! It happens just because you pay slightly slower, then you deserve a big stain on your credit … Read more