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What is the legal interest rate a small business in CA can charge for an overdue account?
In California, the legal interest rate a small business can charge for an overdue account is generally 10% per year, as specified by California Civil Code Section 3289. However, if there is a written agreement specifying a different rate, that agreed-upon rate can be charged instead. It's important for businesses to clearly outline any interest charges in their contracts to avoid disputes.
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What is the term for the interest charged by the credit card company or the business that maintains the charge account?
The term for the interest charged by a credit card company or the business that maintains a charge account is called the "annual percentage rate" (APR). This rate represents the cost of borrowing on the account, expressed as a yearly interest rate. It can vary based on the cardholder's creditworthiness and the terms of the account.
What is a revolving account?
{| |- | A revolving account is an account that requires a minimum payment each month in addition to a service charge. When the balance decreases, the service charge/interest also declines. To learn more about credit terms you can visit bills.com |}
What is Cash flow to Fixed-Charge Ratio?
cash generate from normal course of business that able to cover the fixed charge such as lease and interest expense
If a percentage of the dollar amount is added to an overdue accounts receivable what is that considered?
When a percentage of the dollar amount is added to an overdue accounts receivable, it is typically considered a late fee or interest charge. This fee compensates the creditor for the delay in payment and encourages timely settlement of the outstanding balance. Such charges are often specified in the terms of the credit agreement or invoice.
When a percentage or dollar amount that is added to an overdue Accounts Receivable is considered a...?
When a percentage or dollar amount is added to an overdue Accounts Receivable, it is considered a late fee or interest charge. This charge serves as a penalty for late payment and is meant to incentivize timely payments from customers. It can also reflect the cost of carrying the receivable beyond its due date. Such fees must comply with legal regulations and the terms agreed upon in the original credit agreement.
What is the term for the interest charged by the credit card company or the business that maintains the charge account?
The term for the interest charged by a credit card company or the business that maintains a charge account is called the "annual percentage rate" (APR). This rate represents the cost of borrowing on the account, expressed as a yearly interest rate. It can vary based on the cardholder's creditworthiness and the terms of the account.
What is the legal maximum interest rate that a small business can charge for a past due account?
In Wisconsin, what is the maximum allowable monthly interest rate I can charge customers who are delinquent in their bills?
What is an account executive?
Someone in a business who is in charge of accounts.
Is there a charge to set up a twitter business account?
No. There is no charge at all Twitter is free
Can a collection agency charge interest of 1030 to a charge off account that has been paid down to 700 from 4514 but you missed two months?
The collection company has probably charged interest sincethe day they received the account. The interest rate can differ from state to state on a charged off account. So yes, they can but that amount is not just for two months. You need to ask for a total breakdown on the account and see if the interest charged is correct.
Do debit cards have interest?
Debit cards do not charge interest because they use the money directly from your bank account to make purchases.
What is the definition of an account executive in an executive search frim?
An account executive handles the main investing and spending of a clients account. They are in charge of the account's interest and what the money should be invested in.
If a credit card account has been sold can the new company continue to charge interest?
in fact they do
Why do banks charge more interest on loans then it pays on savings accounts?
Banks let customers borrow the money that you keep in your savings account. Since they offer you an interest on the money you keep in your account and they need to make a profit from the loans they grant, they usually charge more interest. This interest is usually atleast 2-3% greater than the interest they offer on deposit accounts.
What is a revolving account?
{| |- | A revolving account is an account that requires a minimum payment each month in addition to a service charge. When the balance decreases, the service charge/interest also declines. To learn more about credit terms you can visit bills.com |}
Can another company purchase a charged off account and accumulate interest on that account?
Yes, another company can purchase a charged-off account, typically for a fraction of its original value. Once they own the account, they may attempt to collect the debt and can potentially charge interest, depending on the terms of the original agreement and state laws. However, the ability to charge interest may be limited by regulations governing debt collection practices.
Can credit card companies close your account and continue to charge interest on the balance?
Sure can, a dirty deal.
