Haynie
Member
I think this is a down to earth diverse forum who will give me an honest answer.
We have a couple customers who are WAY behind and owe us several thousand each. Late fees are killing them and they do not have the means to pay enough on the bill to offset the fees. I am not going to stop charging late fees because I expect to pay late fees if I am late paying a bill. It is a natural consequence to paying late. Heck I admit to not being perfect and forgot to pay bill last month and will eat the fee. It will teach me to remember better next time.
That being said I am also aware of their situation and the economy. The Law says I can sell their boats if I jump through a few hoops but people have emotional connections to their boats, and I understand. So to avoid selling their boats I want to propose that they trade something of equal or greater value than their debt. They give it to me, and I sell it.
If you were a long way in debt would you think this was a good idea or insulting? As business people would you think this was a stupid idea? This is new territory for me and am wanting honest answers.
Obviously if my hot blond boss says no it is off the table but thought I would do some market research behind my wife's back before broaching the subject with her, risking an argument and sleeping on the couch.
We have a couple customers who are WAY behind and owe us several thousand each. Late fees are killing them and they do not have the means to pay enough on the bill to offset the fees. I am not going to stop charging late fees because I expect to pay late fees if I am late paying a bill. It is a natural consequence to paying late. Heck I admit to not being perfect and forgot to pay bill last month and will eat the fee. It will teach me to remember better next time.
That being said I am also aware of their situation and the economy. The Law says I can sell their boats if I jump through a few hoops but people have emotional connections to their boats, and I understand. So to avoid selling their boats I want to propose that they trade something of equal or greater value than their debt. They give it to me, and I sell it.
If you were a long way in debt would you think this was a good idea or insulting? As business people would you think this was a stupid idea? This is new territory for me and am wanting honest answers.
Obviously if my hot blond boss says no it is off the table but thought I would do some market research behind my wife's back before broaching the subject with her, risking an argument and sleeping on the couch.