Creditsafe Ltd is the first UK Company to launch a free late payment calculator on iPhone and iPad 

Creditsafe’s development is a boon for small business

Creditsafe Ltd has released the first free late payment application for iPhone & iPad in the UK.  The Creditsafe Late Payment iCalc calculates the amount of interest and charges applicable to a late payment and is available as a free download from the Apple App Store.

The Creditsafe Late Payment iCalc works by automatically applying the correct interest and charges to any outstanding sum, according to “The Late Payment of Commercial Debts (Interest) Act 1998, as amended and supplemented by the Late Payment of Commercial Debts Regulations 2002”. Creditsafe is the first company to make such a powerful everyday business tool available for free, for anyone to download.

Sid Home MICM Managing Director of Creditsafe Ltd says “with more business owners making increasing use of smart phones to manage their enterprises on the move, it seemed only sensible to provide them with a simple and effective tool to calculate late payments anywhere.” 

The Creditsafe Late Payment iCalc itself is available for download via iTunes or the App Store simply by searching for Creditsafe or following this link:

http://itunes.apple.com/gb/app/creditsafe-late-payment-icalc/id370836779?mt=8

The app will be regularly updated to stay abreast of the changes in the Bank of England base rate and Sid Home has promised “further exciting features to be added in future releases”.

About Creditsafe Ltd:

Established in 1984 Creditsafe Ltd are one of the oldest and most trusted debt collection and credit control companies in the UK.  They specialise in UK and International collections.  All UK and most international collections are covered by our “no collection, no commission” guarantee.  Rates start from as little as 5%.

Creditsafe Ltd delivers a range of high quality credit control and payment management training seminars.  It can also supply expert consultancy and advice services to a broad range of businesses and enterprises throughout the UK.  Creditsafe Ltd also offers an array of discounted services such as credit insurance, credit reporting and marketing data through a number of strategic partners.  www.creditsafe.co.uk