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What tools do LCO's use to collect payment from deadbeats?

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  • What tools do LCO's use to collect payment from deadbeats?

    What have you guys found to be the best method to collect your hard earned money from customers who won't pay? I had read somewhere that post dated checks is a good idea, but didn't fully understand why?

  • #2
    What have you guys found to be the best method to collect your hard earned money from customers who won't pay? I had read somewhere that post dated checks is a good idea, but didn't fully understand why?
    Once a dead beat always a deadbeat. If someone doesnt pay give then 2 chances, if they do not pay the third time you ask tell them you will 1 take them to small claims court or 2 send them a collection agency. If it comes to all of this there were probably signs before hand that they were a pain in the a**. If you start to see that drop them and find some a customer who is not.
    Last edited by Cashin H&P; 05-15-2012, 09:45 PM.

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    • #3
      Cut your losses and drop them. Its the game we play.

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      • #4
        Leave a horse's head in their bed.

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        • #5
          Best method? I have every customer sign a contract. If they dont pay I turn the contract over to a collection company. They always pay in the end.
          Contact your lawyer, he will help you with contract, and and collections.

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          • #6
            I had read somewhere that post dated checks is a good idea, but didn't fully understand why?
            I think one view of it is, if you write a check and don't have sufficient money in the bank to have it cashed/deposited, it is a criminal offense. So there is a little more level of importance to make sure there is enough money in the bank for it to clear when it is supposed to.
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