How much will my costs be to pay the debt?

Why are collection costs being added to my debt?

Debt management costs are charged if you have not paid your invoice(s) on time.

On what basis is interest levied for late payment and how is it calculated?

Late payment interest is a charge for the time you have delayed payment of your invoice(s). The amount payable for non-performance is the amount provided for in the contract (or by law), which usually depends on the extent of the default and the length of delay in performance, and is fixed as a percentage.

What is late payment interest?

Interest is a payment to the lender for the opportunity to use the money. Interest can only be claimed if it was agreed to in the contract.