Assessing a Late Charge

The Current Charges Late box will represent the amount of late charges due on the current payment. This amount is calculated after the Amt Rcvd is entered. You may add on to this amount if necessary. If the customer did not include the late charge with the current payment, the amount will appear on the contract as being owed. You may receive the late charge with a future payment or you may 'forgive' it at any time.