Invoices and Payment 



The Nü Savings Group ('NSG') will issue an invoice requesting prompt payment from you, our client

for a product (in-house or third party) or services that have been rendered. We will not provide you with our findings or information without payment (SEE: PAYMENT TERMS AND CONDITIONS)




We know how important payments can be to your credit file, and therefore we always ask for prompt payment of invoices we have issued. For efficiency, we ask you to make payment electronically, wherever possible.


          This is an easy way to ensure: 


          more accuracy – electronic mail provides us with a receipt, and you; the date and time of the

          invoice. This will be attached with our payment terms and conditions. We will always also ask

          you to check your junk mail folder; 


          quicker – you know straightaway that our invoice has been received, and allows your business

          to make prompt payment. We will always ask you to check your junk mail folder, if you cannot

          locate the invoice request;


          cheaper and more environmentally friendly – not only does it save us money on stationery,

          postage that can be lost in the postal system, but it also saves on paper waste too;


          safer – as sensitive client information is secure and will only be visible to the decision-maker

          of the business. 





NSG will charge Statutory Interest on late commercial payments of 8% plus the Bank of England base rate for business-to-business transactions. 




  • If your business owed £1,000 and the Bank of England base rate was 0.5%:   

  • the annual statutory interest on this would be £85 (1,000 x 0.085 = £85)

  • we divide £85 by 365 to get the daily interest: 23p a day (85 / 365 = 0.23)

  • after 50 days this would be £11.50 (50 x 0.23 = 11.50)





NSG will attempt to contact you (the individual or company) up to three times for payment; by email, and lastly by recorded delivery. In each instance, NSG will charge you statutory interest and notify credit agencies of your failure to make payment on time, which will impact your personal or business credit file. 


If after this time, you fail to co-operate; we will have no other recourse than to implement legal proceedings to collect the outstanding payments. Depending on the value of the claim(s), this action will either take place in the Small Claims Court, or the High Court of Justice.


When you the individual (sole trader/partnership) or company that owes us money (the ‘debtor’) receive a statutory demand, you will have 21 days to either:


  • pay the debt in full;

  • reach an agreement to pay;


In some instances, we may employ the services of a third party (the 'debt collector'), to collect the monies on our behalf, and you will be liable for their costs.  





Our Policy