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Late Fee Calculator 💸

Based on UK Late Payment of Commerical Debts Act 1998

Check current rate at bankofengland.co.uk
Calculate Using: Calendar Days
Interest Rate: 0%
Days Late: 0
Daily Interest: £0.00
Total Interest: £0.00
Statutory Fee: £40.00
Total Due: £0.00
Disclaimer: This tool is for estimation purposes only. The statutory compensation fee is fixed at £40 for debts under £1,000 (it rises to £70 for debts up to £10,000 and £100 for higher debts). Please consult a financial advisor or legal professional for official debt recovery actions.
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