Reply by Rhonda Skansi on 4/12/07 11:19pm
Msg #184941
They are quickly building a bad rep. I hope!...
They burned me too. Their ammo is to get a notary to do as many signings as possible in a short amount of time, before the notary realizes they don't pay, and make as much as they can off of that one person - while he/she is still clueless. Just my observation and opinion.
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Reply by MelissaCT on 4/13/07 12:39pm
Msg #185023
That's a great point!! Goes to show WHY one should grant
credit to these SS's on a limited basis until they have a proven track record with you. Only take 1 or 2 signings at first until you see how they pay. Yes, it means turning down work from them, but are you better off saying no or doing several before you find out they're long gone & you're not getting paid?
Remember, every time you do a signing for a company, you're granting them credit to pay you later. How much credit you choose to extend should be based on your business plan and credit guidelines that you establish. Some only do 1 signing & wait to get paid before accepting any more from a business. Others will take anything offered & then get burned by accepting too many too quickly from one source. Beware.
This is a great way to learn from others' mistakes.
I have some bad debt from companies, but they are all single signings that I got burned on. I chose not to get in too deeply with any one company. The real tricky ones are those that pay on time for 6-months or so before they stop paying. They've established their credit with you & you don't realize you've been had until payments are late. Those companies are the real artists at the great con.
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