Kent Lewis, owner of Anvil Media in Portland, Ore., said his contracts include a clause saying that late payments will be subject to a 10% interest charge. It’s been effective, he said.

Apply the monthly interest rate to the overdue balance to find the amount of late payment interest. For example, if the monthly interest rate is 0.83 percent and the balance is $600, the dollar ...

Health plans can reduce late payment interest by up to 25% year over year. The journey starts by reaching out to a healthcare services expert with a Late Payment Interest Center of Excellence.

Under the amendment, a payment is considered late and interest begins to accrue 45 days following the public entity's receipt of a proper request for payment. Interest is set at 0.5 percent daily ...