finance charges

Michelle F. shared this question 21 months ago
Answered

Is there a way to charge billing customers a finance charge if they go over the allotted terms?

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You could set up some sort of fee I suppose and call it finance charges under promos/fees. I am unsure of laws/business practices in your area you may want to check (I used to work for a bank so you might be careful of calling it finance charges) You might be better off just charging a "late fee"?

Set up filter for something like so many days after completed and balance not 0 charge a fee?

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