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Eclipse payments - Wayne Schutt II/NY
3/2/2007 8:20:00 AM (2805 views)
Re: Eclipse payments - Kevin Ahern/CT
3/2/2007 8:29:38 AM (3343 views)
Re: Eclipse payments - Robb Grandon/OH
3/2/2007 9:38:28 AM (3220 views)
Re: Eclipse payments - Kevin Ahern/CT
3/2/2007 9:55:37 AM (3227 views)
Re: Eclipse payments - Wayne Schutt II/NY
3/2/2007 2:42:07 PM (3174 views)
Re: Eclipse payments - Wayne Schutt II/NY
3/2/2007 2:10:19 PM (3173 views)
Re: Eclipse payments - Kevin Ahern/CT
3/2/2007 4:48:06 PM (3158 views)
Re: Eclipse payments- Bank loan???? - george Hubka/MI
3/2/2007 8:34:04 PM (3170 views)
Re: Eclipse payments- Bank loan???? - Wayne Schutt II/NY
3/3/2007 5:00:47 PM (3212 views)
Re: Eclipse payments - Wayne Schutt II/NY
3/3/2007 4:45:49 PM (3109 views)
Re: Eclipse payments - Kevin Ahern/CT
3/3/2007 6:07:21 PM (3144 views)
Re: Eclipse payments - Scott Perry/PA
3/3/2007 11:22:19 PM (3123 views)
Re: Eclipse payments - Kevin Ahern/CT
3/4/2007 3:35:26 AM (3055 views)
Re: Eclipse payments - george Hubka/MI
3/4/2007 9:16:28 AM (3093 views)
Re: Eclipse payments - Scott Perry/PA
3/4/2007 2:32:54 PM (3114 views)
Re: Eclipse payments - Scott Perry/PA
3/4/2007 2:21:26 PM (2982 views)
Re: Eclipse payments - Kevin Ahern/CT
3/4/2007 2:32:32 PM (3077 views)
Re: Eclipse payments - Scott Perry/PA
3/4/2007 2:33:38 PM (3111 views)
Re: Eclipse payments - Kevin Ahern/CT
3/4/2007 3:01:34 PM (3276 views)
Re: Eclipse payments - Scott Perry/PA
3/4/2007 8:30:48 PM (3172 views)
Re: Eclipse payments - Kevin Ahern/CT
3/5/2007 11:16:26 AM (3341 views)
Re: Eclipse payments - Scott Perry/PA
3/5/2007 11:26:10 AM (3325 views)
Re: Eclipse payments - Patrick Tarr/NE
3/7/2007 12:36:24 PM (2975 views)
Re: Eclipse payments - Robert Franco/OH
3/7/2007 12:41:39 PM (2995 views)
Re: Eclipse payments - Patrick Tarr/NE
3/7/2007 2:28:52 PM (2998 views)
Re: Eclipse payments - Robert Franco/OH
3/7/2007 3:26:42 PM (2875 views)
Re: Eclipse payments - Scott Perry/PA
3/7/2007 2:08:12 PM (3007 views)
Re: Eclipse payments - Patrick Tarr/NE
3/7/2007 3:47:43 PM (2910 views)

Scott,

I agree with you wholeheartedly!  Everyone should, in this business climate, re-evaluate our policies.  We are one of the few lines of work where we are expected to give unlimited credit right out of the starting gate.  If you open up a retail business, your vendors will make you pay for all shipments C.O.D. until you have established a good history with them.  Even after years of business, you will be LUCKY to get Net30 terms!  Yet we have many companies telling us we have to accept Net60?  Without any guarantee of payment then?  If you set up a business account at a hotel, you have to make arrangements and prove your ability to pay before you can be direct billed.  There is absolutely no reason for any company to take longer than 30 days to pay their bills.  Look what doing work without guarantee of payment has done to the medical industry. 

The problem is that there is very little support for any kind of "get tough" policy.  I say "get tough", but it is anything but that.  It is simply applying standard (even somewhat lenient) business practices to our industry.  If we try to do it as individuals, we just get shut out and someone swoops in and does those clients work anyway (until they get tired of it and the whole nasty circle repeats itself).  There doesnt seem to be enough people willing to come together to do anything as a group.  Some people just dont care until it affects them.  Some people will just always kiss up to the client regardless of what they are doing to others, hoping that it will benefit them down the road.  There just doesnt appear to be any real solution out there.  That is the thing that is so troubling.

I have always been a person that gives the benefit of the doubt to someone until they have proven that they cant be trusted.  Your endorsement of Wayne does have weight with me.  His posts on here also have impressed me.  I havent ever met the guy, but I do get the feeling that he is genuinely a good guy and has the best intentions.  He strikes me as the kind of guy that wants to do things the right way.  In the business climate of a couple of years ago, I would give him a chance without hesitation.

Let me make this clear, I am not digging on Wayne or anything like that.  There is no animosity and I personally believe he is being very honest.  My reservation is only business related.  As I stated before, being a new company, it is important to know what kind of stability they have.  He stated that it would be 30 to a maximum of 60 days for payment, I believe.  That leads me to believe that they are still dependant on getting payment from their clients before they can pay their abstractors.  Otherwise, he could guarantee 30 day payments.  As I stated before, that completely changes everything.  If any of his clients no-pay or slow-pay, the same will happen to us.  It would be out of his hands.  That is the scenario that I worry about and I believe is at the heart of what Kevin was asking.

That stated, today I received a vendor packet from Wayne.  I havent decided for sure yet whether I will fill it out.  I probably will, but still kicking a few things around in my head.  As I have stated, I am currently trying to keep my client list down to a select few that I can count on and havent been actively looking for new clients.  If I didnt think Wayne was most likely a very good guy, I wouldnt even be considering it and I wouldnt have spent so much time posting here today.  So Wayne, if you read this, please understand that nothing I have said here is personal.  Your posts on here have been well received and people like Scott's endorsements of you speak well for your character.  Best of luck!

 

 

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Re: Eclipse payments - Deborah Manion/VA
3/4/2007 5:09:44 PM (3074 views)
Re: Eclipse payments - Scott Perry/PA
3/4/2007 8:33:44 PM (2967 views)
Re: Eclipse payments - J Nisonger/CA
3/9/2007 9:20:39 PM (4670 views)
Re: Eclipse payments - george Hubka/MI
3/26/2007 5:48:03 PM (2866 views)
Re: Eclipse payments - J Nisonger/CA
3/26/2007 6:20:00 PM (2817 views)
Re: Eclipse payments - Sandra Morton/KS
3/5/2007 9:15:07 AM (3127 views)

E-mail mistakes you don't want to make. - Ethics/OH
3/1/2007 4:42:02 PM (3460 views)
Re: E-mail mistakes you don't want to make. - Wayne Schutt II/NY
3/2/2007 2:47:45 PM (2851 views)

Texas AG abatement - Robert Franco/OH
3/1/2007 4:40:40 PM (2327 views)
Re: Texas AG abatement - Kelli Gorman/TX
3/2/2007 11:41:56 AM (2750 views)

Legislative CALL TO ACTION re Attorney General opinion on public records - David Bloys/TX
2/28/2007 1:21:12 AM (2869 views)

non payers - Hannah McGinnis/IN
2/27/2007 10:51:54 PM (2409 views)
Re: non payers - Jay Duncan/MO
2/27/2007 11:44:03 PM (4892 views)
Re: non payers - Kevin Ahern/CT
2/28/2007 6:36:06 AM (3113 views)




Texas Atty Gen, Greg Abbott - Jan Forster/NC
2/27/2007 7:42:49 PM (1839 views)

Resource/Clear Tract - Dorothy Payne/NY
2/27/2007 5:53:30 PM (2373 views)
Re: Resource/Clear Tract - Philip Cotugno/MA
2/28/2007 5:40:18 AM (2909 views)
Re: Resource/Clear Tract - Jessica Talley/NJ
3/5/2007 7:18:25 AM (2850 views)
Re: Resource/Clear Tract - Dorothy Payne/NY
3/6/2007 9:25:35 PM (2628 views)
Re: Resource/Clear Tract - george Hubka/MI
3/7/2007 7:24:30 PM (2653 views)

Eclipse Title - Hannah McGinnis/IN
2/27/2007 2:17:04 PM (2286 views)
Re: Eclipse Title - Scott Perry/PA
2/27/2007 4:23:53 PM (2824 views)

Patriot Title LLC - Joseph Hess/PA
2/27/2007 11:31:03 AM (2052 views)

Expert Analyzes Impact of Texas AG's Opinion - David Bloys/TX
2/27/2007 12:41:37 AM (2916 views)

No Pay - Crystal Abstractors - Glenda Hodge/TN
2/26/2007 11:24:34 PM (2380 views)
Re: No Pay - Crystal Abstractors - Terri Langert/CA
2/27/2007 1:16:52 PM (2926 views)
Re: No Pay - Crystal Abstractors - Glenda Hodge/TN
2/28/2007 2:48:11 AM (2793 views)

Pro Bono Notary service - Jim Lissemore/NJ
2/24/2007 5:21:01 PM (2351 views)
Re: Pro Bono Notary service - george Hubka/MI
2/26/2007 8:58:42 PM (2778 views)
Re: Pro Bono Notary service - Loretta Reed/MD
2/27/2007 10:56:09 AM (2894 views)

Texas AG Says County Websites Could Land Officials In Jail - David Bloys/TX
2/24/2007 9:03:35 AM (3203 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - Jan Forster/NC
2/24/2007 9:40:14 AM (3148 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - David Bloys/TX
2/24/2007 9:51:31 AM (3066 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - David Bloys/TX
2/24/2007 10:12:36 AM (5040 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - Lisa Ramsey/TX
2/25/2007 12:30:58 PM (3045 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - David Bloys/TX
2/25/2007 2:27:50 PM (3061 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - Kelli Gorman/TX
2/26/2007 12:29:25 PM (3285 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - Kelli Gorman/TX
2/27/2007 12:14:41 AM (2962 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - David Bloys/TX
2/27/2007 1:00:00 AM (4960 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - Robert Franco/OH
2/27/2007 3:51:05 PM (3059 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - Kelli Gorman/TX
2/27/2007 6:22:57 PM (2895 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - Scott Perry/PA
2/27/2007 7:17:09 PM (3031 views)
Somebody call a waaaaambulance. - Jan Forster/NC
2/27/2007 7:40:55 PM (2969 views)
Re: Somebody call a waaaaambulance. - Scott Perry/PA
2/27/2007 9:56:21 PM (2948 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - Kelli Gorman/TX
2/27/2007 10:35:41 PM (2896 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - Robert Franco/OH
2/28/2007 11:20:48 AM (2948 views)
Re: Texas AG Says County Websites Could Land Officials In Jail - Kelli Gorman/TX
2/28/2007 9:37:48 PM (3007 views)

Absolute and Contemporary - Teresa Melvin/VA
2/23/2007 11:46:30 PM (2389 views)
Re: Absolute and Contemporary - Philip Cotugno/MA
2/24/2007 10:47:53 AM (2862 views)
Re: Absolute and Contemporary - Leigh Rampey/SC
2/26/2007 4:21:53 AM (2900 views)
Re: Absolute and Contemporary - Teresa Melvin/VA
2/26/2007 8:37:40 AM (3124 views)
Re: Absolute and Contemporary - Wayne Schutt II/NY
3/2/2007 7:58:09 AM (2985 views)

Mortgage Lenders and AFX - Gena Taylor/VA
2/23/2007 6:04:17 PM (2362 views)
Re: ..... AFX - Dave Pell/GA
2/23/2007 7:47:01 PM (3037 views)
Re: ..... AFX - Russ Frye/GA
2/26/2007 10:00:50 PM (2774 views)
Re: Mortgage Lenders and AFX - Wendi See/SC
2/25/2007 12:19:43 PM (2943 views)
Re: Mortgage Lenders and AFX - Jessica Talley/NJ
2/26/2007 7:37:45 AM (2925 views)
Re: Mortgage Lenders and AFX - Kristi Lee/NE
2/26/2007 9:34:34 AM (2823 views)


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