Is there a standard rate for finance charges?
Is there a standard rate for finance charges?
499
323
dVgz9UVbar3QjyacfA8pyY
10/18/09 11:09am PDT
Viewed by asker 10/19/09 10:28am PDT
Viewed by asker 10/19/09 10:28am PDT
2 Replies
twhitby
Questions asked: 0
Questions answered: 922
Points earned: 2074
Questions answered: 922
Points earned: 2074
Certified ProAdvisor
Certified ProAdvisors have successfully completed an extensive and rigorous QuickBooks certification program.
Allstar
Advisory council of community power users.
10/19/09 4:52am PDT
No, but most people try to charge 1.5 percent per month with comes out to being 18 percent per year... In my years of doing accounting almost no one will ever pay this. They will just pay the bill that is due and no more... Heck when I worked for HUD they used to take the discount as if they paid their bill early and then would never paid the finance charge for being late in paying their bills...
