Charge for Payment

What is a Charge for Payment?

For most diligences, the creditor must serve the debtor with a Charge for Payment before the debt can be recovered. The Charge for Payment is a formal demand for payment of the amount owed to the creditor, including any interest and associated costs, and generally gives the debtor 14 days to make payment. If the debtor does not satisfy the debt within the period specified, the creditor may then use diligence to recover what is owed