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When a debtor receives a late payment demand under the late payment interest act
there is a link in the letter to the payontime website, plus a unique 9 digit number.
Enter the company name as on the letter and the unique number to see the full breakdown of the claim.
If a discount has been added
this will be displayed along with two other fields
Payment by Bacs, and payment by cheque
The 3 buttons allow the debtor to view the creditors details, inform of payment by Bacs or inform of payment by cheque
Clicking on view creditor details shows the contact details of the creditor
plus a field where an email can be sent
Click on pay by bacs to see the creditors bacs information
2 days is automatically added to the demand to allow for bank to bank transfer
you can also print details of the claim
And inform the creditor of payment by Bacs. By sending an email
Click on payment by cheque to see the creditors address details and to whom the cheque should be made out to
5 days is added to the total to allow for postage and cheque clearance
You can print out details of the claim
And also inform the creditor of payment by cheque by sending an email
If you are paying by another method such as the Faster Payments Service
Use the total cost before any additions and inform the creditor to that effect
If you have come to another arrangement with the creditor
send an email from the view creditor details to confirm the arrangement
When the creditor receives confirmation of payment, debt status is updated to paid
This is also reflected in the debtors view
which is updated to the the debt as paid
Please see our other videos to learn more about the advanced calculator