Posted by WDMD on 7/25/07 4:16pm
Msg #201770

Premier Document Solutions

Received this e-mail earlier today. They are 90+ days past due to me. Up to then they had been O.K. in paying. If I will take half-fee they promise to pay quicker. For half- fee I might as well send them to collections and at least ding their credit rating.

Dear Valued Notaries:



The first thing that we would like to do is to apologize for our being so far behind in payment. You definitely have every reason to be frustrated and upset. The specific reasons are not important, and they are certainly not your problem. Although we are much later than we should be in remitting your checks, we are absolutely planning to pay all notaries to whom we owe money. We have not “stiffed” anyone, and we do not intend to do so.



Admittedly, our track record in recent months has been poor; and we greatly appreciate the patience and understanding we have received to date. We, of course, realize that it has been very difficult for you. Please know that it has been very hard for us as well. We have all felt the effects of the declining real estate market.



We are in the process of implementing some major adjustments, and we anticipate that these changes will result in increased business and a much steadier stream of cash flow. The key development is that we are negotiating (and hopefully finalizing soon) a deal to become closely associated/aligned with a large signing service – one that has been in business for over seven years and has an excellent track record – both with its clients and its notaries. The potential benefits to you could be an increase in volume and payment within 15 days for each new signing.



Unfortunately, it is going to take more time than you would like to catch up on all payments. However, if you would be willing to discount your fee(s) by 50%, we would be in a position to remit payment quicker. (We would be willing to discuss specifics with those of you who are interested in this option.)



We look forward to hearing from you.



Respectfully,





David Alpern

Premier Document Solutions, LLC

225 Lakeview Ave.
Suite 225A

Placentia , CA 92870

(877) 583-3043, Ext 202 Office

(888) 420-0404 Fax

(714) 351-0913 Cell

Email - [e-mail address]

Reply by Lee/AR on 7/25/07 4:23pm
Msg #201771

What a great idea! I'm calling my electric, gas, cable, phone & mortgage co. right now to see if they'll go for this~~ What nerve!

Reply by Rachel Harvey on 7/25/07 4:25pm
Msg #201772

So...This is one of those situations where the juggler lost one of the balls? I'm not impressed by nor sympathetic to this type of cash flow management.

Reply by ToniK on 7/25/07 5:43pm
Msg #201796

Yes I got one of those and Im not falling for that...No discount from me. So umm whats the website where oyu can send a collection letter and the credit rating get affected?

Reply by jet67 on 7/25/07 5:51pm
Msg #201801

I got one too. What a bunch of c--p!!! Funny how they can get paid, but we can't. I guess I can only make 1/2 of my car payment. They have some nerve!!!!! I'm not going for it either.

Reply by JohnnyB on 7/25/07 6:20pm
Msg #201805

Tell them my wife won't accept half the child support

Reply by PL on 7/25/07 6:31pm
Msg #201808

David, show us that you and your staff are taking

50% cuts and we'll be more than happy to work with you. Until then start paying folks or once your merger is completed folks might shun the new company, because we all know bad apples don't fall from the tree.

Reply by Sarah/CA on 7/25/07 6:40pm
Msg #201816

When pigs fly!

I have had the same experience with them. I did quite a few signings for them and always got paid usually within 45-60 days. I have one I am still trying to collect on from April. There is noooooo way I would accept 50%. I did my work and they got paid the full fee so there is no reason we should have to even consider that.

Reply by Frenchie/TN on 7/25/07 7:12pm
Msg #201823

Have you all ever thought

That may be they are making that 50% offer to show they made a good faith effort to pay their notary and that it's some kind of ploy to absolve themselves later down the line when they don't pay at all...Like a lawyer told them make then an offer of payment to show good faith etc...Just a thought...Don't know if it holds water...

Reply by ZeeCA on 7/25/07 7:17pm
Msg #201825

I read 2 things iin this email:

the first is they are offering 50% and thus giving him a larger profit margin.

the second is another huge red flag:
"The potential benefits to you could be an increase in volume and payment within 15 days for each new signing"

he speaks of volume and payment thus I read we are going to be a low ball company so MORE profit for us.....

so, JMO, but if you choose option 1 and continue working with them you have boosted their profit margin considerably....

I think we are smarter than that MUCH smarter...............

Reply by John_NorCal on 7/25/07 9:30pm
Msg #201851

Re: I read 2 things iin this email: I see another.......

The say that they want to have a contract with another signing service. Pardon my naivete, but isn't that what they are? Is this the norm that a signing service signs up with another signing service? How many ways can you cut that pie? No wonder there are so many calls for $45-$50 signings.

Reply by MikeC/NY on 7/25/07 7:20pm
Msg #201827

This kind of self-serving pap really frosts me... I don't care about THEIR cash flow, my only concern is MY cash flow...

Their cash flow problems are self-inflicted; why should it become an issue for the notary? PDS was paid for the signings and undoubtedly took the lion's share - they should just pay the notary what was agreed to, and work out their cash-flow problems on their own. Anything less is theft of services.

I did one signing for these losers; it took 3 months to collect, and they had the cajones to ask me to do another signing while I was still trying to get paid for the first one. The scheduler was surprised when I told her why I wouldn't accept the assignment, and said she would report the problem to A/P - took another month after that and a complaint to the BBB before I got paid...

I hope all who are owed money eventually get paid, but once these companies start offering 50% to clear their debts, bankruptcy is probably not far behind.

Reply by ZeeCA on 7/25/07 7:49pm
Msg #201837

not bankruptcy... appears they are dissolving the company? n/m

Reply by MikeC/NY on 7/25/07 8:14pm
Msg #201843

You may be right

I read the original message again, and saw the part about them working a deal to combine with another company that has been around for 7 years and allegedly pays within 15 days. I'm not sure who that is, but I'm thinking $45 signings.... Put that together with a request to accept 50% of contracted fees, and things don't look too pretty.

For those who are owed money - stick to your guns, don' t accept anything less than what you are owed. Stay in their face and demand full payment, contact the LA BBB and the Placentia Chamber of Commerce.

Reply by Michael Tippit on 7/25/07 7:56pm
Msg #201841

Guess I'm in the same group with the rest of you... I did a closing for them in February, and STILL haven't gotten paid. I've written them at least weekly, called so many times I've lost count, left SEVERAL nasty messages on their answering machine, even gotten 1 promise of being paid "at the end of the week."... (that was 2 weeks ago.) Anyway, I just turned them over to the collection agency I use. What a loser! FYI... for those of you who haven't tried them, go to http://www.olddebts.com and check them out. I've had good success so far. Good luck to all!!

Mike
NE FL Notaries.com
http://www.neflnotaries.com

Reply by jet67 on 7/25/07 9:17pm
Msg #201850

Collections ?

How long should you give someone before you send them to collections? My signing was 6/08. Just wondering?

Reply by aatatusko on 7/25/07 9:01pm
Msg #201848

Let's link this! n/m