If a person misses paying an invoice before the due date, the creditor has the right to add interest to the debt. Such interest calculated on overdue debt is called late payment interest, due to the invoice not being paid on time.
If a person misses paying an invoice before the due date, the creditor has the right to add interest to the debt. Such interest calculated on overdue debt is called late payment interest, due to the invoice not being paid on time.