Companies will normally grant the buyer a credit period, 14 days, for instance. If so, the 14th day becomes the invoice’s expiry date. If payment is not made before the expiry date, a reminder notice is sent out. If the contract between the parties stipulate it, a reminder charge may be added to the customer’s debt. Usually, late-payment interest will begin to apply on the invoice expiry date as well. If an invoice is not paid, the issuing company may choose to turn the matter over to a debt collection company. The debt collectors will then issue a debt collection demand. If the invoice still goes unpaid, the matter may be sent to the Swedish Enforcement Authority. This may result in the debtor being recorded for the payment default, which may result in difficulty obtaining loans in the future.

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