Key Information. Other Charges 1. Default interest is charged at the rate of 8% per annum (fixed) on overdue sums from the due date for payment until actual payment. Default interest will apply both before and after any court judgment we may obtain against you and will survive and apply after termination. 2. Late payment charge of £35.00 when your payment is late or missed and for every subsequent month that your agreement remains in arrears, limited to 3 payments in any single defaulting period.
Appears in 2 contracts
Sources: Hire Agreement, Hire Agreement