As a landlord you will have to become accustomed to collecting late payments. The fact of the matter is that you are going to run into tenants who do not get their payment to you on time. This happens time and time again, and you should be ready to deal with this issue before you … Read more
Most people know that if they pay their bills late, their credit scores will suffer. However, most people don’t know this: According to Credit.com, a single 90-day late payment is as damaging as a bankruptcy filing, a tax lien, a collection, a judgment, or repossession. It doesn’t matter if you’re late paying a credit card … Read more
Of course you don’t want to make any late payments on your credit cards or loans and affect your credit report and score unless you absolutely have to, but what happens if you’re unable to avoid it? It all depends on whether you’re 30, 60 or 90 days past due. If it’s only one late … Read more
It now seems highly likely that a new Directive dealing with the late payment of commercial debts will shortly be approved. It has already got the green light from The European Parliament. As a new Directive, it will replace the existing Late Payments Directive of 2000, and will seek to bring about a “decisive … Read more