Finance Media Queries for 03/04/25

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This afternoon requests come from Business.com, GoBankingRates and more!

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1) SUMMARY: Charging interest and late fees

NAME: Shari Weiss

EMAIL: sweiss@centerfield.com

MUCK RACK URL: https://muckrack.com/sharigweiss

MEDIA OUTLET: business.com

MEDIA WEBSITE: https://www.business.com/

DEADLINE DATE: 2025-03-04

DEADLINE TIME: 05:00 pm

TIME ZONE: Eastern Standard Time

QUERY: business.com is working on an article about how businesses should go about charging clients interest and late fees for unpaid balances.

We are looking for expertise from invoicing software providers, invoicing companies, business debt collection experts, etc.

Please reply with written answers to the following questions. No AI-generated responses will be accepted.

1. What is your name, the name of your company, and your official title?

2. What are interest fees and late fees? How are they similar and how are they different?

3. At what point should you charge a client interest fees and/or late fees?

4. What are the legalities involved with charging interest fees and late fees?

5. What best practices do you recommend when charging interest fees and late fees?

6. What courses of action do you recommend as an alternative to charging interest fees and late fees?

Thank you!