90% of my collection matters are with homeowners and the rest with Property management companies.
All of our customers are made aware verbally at the time of signing contract that if they do not pay the invoice there will be a 1.5% and the clause is clearly indicated in the contract.
I am just looking for a clear answer as to weather or not I can pursue interest on an invoice that is 60 months old if the invoice payment is not released to us in a timely fashion (10 business days) from receipt of my notice or should I just obtain legal assistance to pursue?
I have been getting conflicting information and was recently told by an attorney that if the interest amount exceeds the invoice total I can not pursue the actual value of the interest?
I want to have legal standing in my final pursuit prior to handing over to a collections attorney.
Some legal verbiage to add to my final notice would be greatly appreciated![]()

