Posted by Notarysigner on 6/24/10 12:16am
Msg #342267

U S A Title of Alabama Msg #340835

No pay for six weeks. Sent a copy of my court judgement 6/18 got paid today.

Reply by BossLadyMD on 6/24/10 12:26am
Msg #342268

~~we're in the money~~finally, congrats!! :) n/m

Reply by Notarysigner on 6/24/10 1:22am
Msg #342270

Re: ~~we're in the money~~finally, congrats!! :)

I think we all need "hammers"..demand letters just don't seem to be doing the job.

Reply by Linda_H/FL on 6/24/10 6:55am
Msg #342278

You sued AND got got a judgment less than 60 days

after you did the job? Wow...I can understand their e-mail responses to you were a source of concern - surprised you got before a judge so quickly...AND found one so accommodating after so short a time.

Courts in CA must be on one of the fastest tracks I've ever heard of ...

Reply by Notarysigner on 6/24/10 7:45am
Msg #342282

Re: You sued AND got got a judgment less than 60 days

Morning...No No I showed my paperwork from the "other" suit to show them I would follow through. Courts in Ca? You'll get your notary commission quicker then a court date.
The Max time I allow for payment is 30 days, that must go along with the confirmation. If not I don't take the job. My business plan allows for no work.

Now you know why I've had so much down time lately. LOL

Reply by Hugh Nations Signing Agents of Austin on 6/24/10 9:10am
Msg #342293

What works for me

***The Max time I allow for payment is 30 days***

I am far more lenient in my collection policies. So are most businesses, I think. It works well for me.

I have one title company client, for example, that I did 65 closings for last year, at an average fee of $139 per closing. They sometimes are slow pay. I don't really worry about payment from them or other clients until they go beyond the 60-day mark. If for some reason I failed to get paid for the approximately 11 closings I would have done for the company during that 60-day grace period, I still would have earned an overall average of $116 per closing. I can live with that worst-case scenario as long as they are sending me more than 60 closings a year.

Reply by Notarysigner on 6/24/10 9:18am
Msg #342295

Re: What works for me

I would do the same thing Hugh. I do have two clients that pay me once a month, in their time frame, and actually deposit the funds into my account. I don't worry about them, but for a new client, it's 30 days period.

I really don't want to deal with any of that type of stress at this point in my life. If I don't get a job because of my policy, then okay with that too.