Anyone who has ever borrowed money from a financial institution would be accustomed to paying interest. It is a tool that any company may implement as part of a broader collection management policy. Is it a tool that will work for you and if so, how do you add it to your credit management policy? Today we are going to look at interest and answer these questions. Interest is an amount of money a lender or creditor charges on overdue accounts and is is why most people tend to associate it with...