forfaldsdag: what does it mean in Danish debt collection?
forfaldsdag in English: due date
info General information, not legal advice. Always check the current rules and get advice on your specific case. Disclaimer
Short answer
The last day for payment. If it was fixed in advance, late-payment interest runs from that day.
Explanation
Under section 3 of the Interest Act, late-payment interest runs from the due date if it was fixed in advance. If no due date was agreed, interest runs from 30 days after the creditor sent a request for payment. Between businesses, payment terms of more than 30 days require the creditor's express acceptance (section 3 a).
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Related terms
- procesrente interest in court proceedings
- fordringshaver, kreditor creditor
- forlig settlement
- fordring, krav claim
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