Published on Finance Division (https://www.finance.admin.cam.ac.uk)

Home > Policy & Procedures > Financial Procedures > Chapter 8a - External trading and credit control > Debt Management > Interest and fees

Interest and fees

The University’s STCs [1] and the Late Payment of Commercial Debts (Interest) Act 1998 allow us to charge interest and fees on overdue debt.

In deciding whether to charge interest, consider the relationship with the customer and the reason for non-payment. Please contact Credit Control Team [2] to discuss further.
 

Latest version 17 April 2024.

Source URL:https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-8a-external-trading-and-credit-control/debt-3

Links
[1] https://www.finance.admin.cam.ac.uk/policy-and-procedures/terms-and-conditions [2] mailto:fincreditcontrol@admin.cam.ac.uk