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"These sort of late payment fees can't be all out of proportion," he said.
The fog of late payment fees had crept up and engulfed him.
His original debt was $7,000, but he now owes more than $15,000 because of late payment fees.
But there are some practical steps that small business owners can take to minimise the impact of late payment.
Thus, in March 1998, the Commission adopted a proposal for a Directive to combat the problem of late payment.
The UK economy may be picking up, but sadly the pernicious habit of late payment is not.
Similar(43)
A "tougher economic environment" will continue to increase the number of late payments, it added.
His specialist areas are cashflow and the impact of late payments.
It's easier to recover from that than it would be to pull back from a string of late payments.
A reduction in business tax rates and an end of late payments by large companies were also high among concerns.
Ms. Bach of IPI said: "A couple of late payments on a credit card may not be too bad.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com