It is agreed that all invoices will be paid within 20 days from the date of pick up. On all invoices that are not paid within the terms, a service charge will be assessed at a rate of 1 ¾% per month on the past due balance ($2.00 minimum), which is 21% per annum. I hereby understand and agree that should it become necessary to place this account for collections that I agree to obligate my company and myself personally to pay the entire amount due, including service charges, interest from due date, reasonable attorney fees of 25% of entire amount due, and all costs of collections, including court costs.
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