late payment

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This shows that companies need to act prudently and continue to implement stringent credit control functions to avoid liquidity being affected by late payments, despite the economy showing signs of recovery.
More than a third of businesses in the West Midlands have reported suffering from cash flow problems in the first half of 2011, with 60 per cent citing late payments as the main cause, according to new research.
Large corporates are responsible for many of the late payments making up the massive [pounds sterling]24 billion ($39.
The cards division of Citigroup, Inc (NYSE: C) has reported that late payments have dropped.
Many companies and other economic entities recently face problems with late payments and, as a consequence, problems in retrieving debt payments.
Paying late or having two late payments in consecutive months can trigger a hike in your interest rates up to 30 percent.
James Jones, of credit reference agency Experian, says: "During an authorised payment break, late payments are not registered on your credit report, but if you fail to make contractual repayments without the lender's permission, they are likely to register late payments against your name which can store up bigger problems for later.
Late payments, delinquencies, and bankruptcies will stay on your report for seven to 10 years.
Added to this, more than 90 per cent of SME respondents believe businesses that make late payments could even put others out of business.
And, if you are to make late payment, the contractor must pay one percent a month on late payments.
One of the distinct advantages of ACH debits over ACH credits is the receipt of the acknowledgment number on the making of an ACH debit transfer, since this number should be extremely useful in establishing reasonable cause for late payments caused by a failure of the Treasury Financial Agent responsible for processing the payment.
Everyone's deadlines are the same, so it's relatively easy to sort out the late payments from the incoming mail without reading each individual postmark.