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Two answers here:
a) Don't loan your friend money if charging interest has even crossed your mind.
b) Businesses that pay my company late are subject to paying "6% interest above the Bank of England base rate.
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∙ 13y ago
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How much can payday lenders can charge up to in interest?
payday lenders can charge up to what interest
If you charge 4000.00 at 2.99 percent how much interest will be accrued?
200.00
How much interest can you legally charge in Wisconsin?
The maximum rate of interest you can legally charge someone in Wisconsin is five percent. The only way a higher interest rate can be charged is if there is a written agreement between the two parties.
How much should I charge my friend for giving her a personal loan of ten thousand dollars?
The best way to ruin a friendship is to loan them money. But if you intend to do this anyway, no matter how much you trust the friend, have papers drawn up and notarized as to the terms of the loan agreement. Otherwise, when (not "if", but when) the friend does not pay it back, you will have some legal recourse to get your money back. You don't even have to have an attorney draw up the papers, you can write the terms yourself, and both of you sign and date them, preferably in front of a notary public, so they can be notarized. Now, as to your question, the interest could be what the current rates at the banks are now, or you can give her a lower interest rate. If you have the money in a bank now, drawing interest, then you will lose that interest, which means a loss to you if you don't charge her the same amount of interest the bank is now paying you. Or you can charge a one-time fee that you both agree on. But which ever way you decide to go, have it written, signed and dated. You keep the original and give her a copy. If she gets offended that you want to do it this way, tell her it is for her protection, too. Which, of course, is the truth.
Can you charge interest on money owed to you?
Under the late payment legislation,if you are in uk,you can. and here's the link through which you can even calculate how much interest you can charge. http://www.payontime.co.uk/calculator/statutory.html
Should you charge your friend for English classes?
If they are very good friend of you, you should not charge. Otherwise charge according to how much you work.
How much should you charge a friend to drive his uhaul and unload his apartment from Tampa to Manhattan?
you would not charge a friend. you would just do that. that's why they are called friends
Payday lenders can charge up to how much interest?
payday lenders can charge up to what interest
How much can payday lenders can charge up to in interest?
payday lenders can charge up to what interest
How much interest can a Kentucky pawn shop charge?
400
How much interest can you charge in NJ for a personal loan?
20%
How much interest can a pawn shop in Tennessee charge?
24%
How much should you charge a friend of a friend to install a shower faucet?
If you do it for a living, I would charge half of normal. If you are just handy and know how to do it, $20. That's what I have done for years. If the person feels guilty about the $20 they can add to it. If not, you did your good deed.
If you charge 4000.00 at 2.99 percent how much interest will be accrued?
200.00
How much should I charge for medical billing?
I should charge 5%
How much interest can a seller charge on land contract?
A seller can charge whatever interest they wish on a land contract. The buyer doesn't have to sign a contract if they don't agree with the terms.
How much interest can you legally charge in Wisconsin?
The maximum rate of interest you can legally charge someone in Wisconsin is five percent. The only way a higher interest rate can be charged is if there is a written agreement between the two parties.
