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Could you please tell me the format for late charges?
Asked by anonymous -
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Answered by oz
Most people charge a late fee after the second notice of a bill. The fee is then repeated after each reminder, but is more seen after the final notice.
One format would be.
1st notice...no late fee
2nd notice..late fee imposed.
3rd and final notice...late fee imposed
Some wait till after the 3rd notice to charge a late fee. and repeat the fee at each statment issued of an unpaid service.
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