future, if a company is into you for two signings and not paid you, you are risking nonpayment issues for way too much money. I know this hurts your pocketbook, for you have already expended monies to perform these assignments and who knows how long it will take these deadbeats to pay you, based on their performance this past year. It seems they have no reliable tracking processes in place. They don't even remember you or that you are owed money. Scary, huh?
It is not your job to extend credit to these companies. They should have their own capital, not be using yours and other notaries' fees to finance their life style and business expenses.
And now, with the slow down in the industry, the cash isn't rolling in like it was last year, and the money you earned has already been spent with little flowing this month to pay notaries for work they did in good faith during 2016. Some notaries are owed for August and September signing.
Since I've been in this business (2000), I've observed many a company using this ponzie scheme of collecting money, robbing Peter to pay Paul, and it is a business model that has been employed by 100s of scamming SS owners.
If I were teaching a Signing Agent class these days, I would emphasize the pimples of this business, primarily advocating the vetting of companies before you print docs and perform the work, and only proceeding once you're assured the company is credit worthy and able to pay it's hard working NSAs.
It is apparent TNP has no intention of paying it's notaries in a timely manner, and may end up like so many before them, not paying at all cuz they are defunct.
Wishing you all the best out there in Menifee, CA. Watch your NSA back! |
