Interest On Your Own Terms

Obviously, and because creditors retain the right to claim more interest or compensation under their own Terms & Conditions that is available to them under the Late Payment of Commercial Debt Regulations, it can be more advantageous to rely on such Terms - but only if they have been prepared properly.

Terms & Conditions are lengthy, carefully worded documents written by qualified professionals for specific companies in order to comply with specific legislation, fit specific corporate circumstances, and cover every possible contingency. It is therefore very unwise indeed to try to write them yourself, crib those used by competitors, or any in way re-write, shorten or amend those that have been professionally written for you. Shortened, amended, stolen, or 'amateur' Terms and Conditions are amazingly commonplace. They are also indefensible and often unenforceable.