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A youngster here in the US purchased a second hand vehicle and had insufficient deposit for the entire amount to be financed, he was permitted to have a three month "double" payment for the "deposit" directly to the car dealership! provided he agreed to have a device installed by them in his vehicle which would have stalled the vehicle should he not pay the additional deposit amount in time!
The device reminded him - with a very loud noise when the payment was due! (Even when he was not yet in default!).
This is not an urban legion, we know the young man personally!
Just goes to prove that the idiom "the squeaky wheel gets oiled first!" has some validity.
The tone of this post is quite concerning. In our business' frame of reference we have our terms and conditions printed on the bottom of every job sheet. Now the idea is to have the client sign the job sheet therefore accepting the terms of service. However most of the smaller clients seem to ignore this agreement. The maximum we allow for payment is 30 days in terms of credit. The concerning thing is that 3/4 of our clients defer payment upto 120 days in some cases. ... Legal threat doesn't seem to make a difference. We have one client that has consistently refused to pay for services rendered for over 2 years now. She's costing me a fortune just in phone calls. Turns out she's already under administration and refusing to furnish us with the administrator's contact details...
We have one client that has consistently refused to pay for services rendered for over 2 years now. She's costing me a fortune just in phone calls. Turns out she's already under administration and refusing to furnish us with the administrator's contact details...
Write it off on your books, hand it over for collection, and sue only if it's worth enough money.
I'm afraid those are the ones you have to sniff out in advance somehow.
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