Key Issues

Collections

And so here I sit, in my tiled and open office, overlooking the small town square, dipping my Cioccolati Biscotti into my cold gas station decaf...

Disgusted.

I hate days dedicated to collections. The irony: Banks and lending institutions. I dare you to default on them. Sixty days and they ruin your credit, another sixty and you've lost your home.

So WHO owes us somewhere in the neighborhood of ten grand (collectively)?

Yar! Banks and lending institutions. Big names. Names you well know. I assume that they figure they only have to pay for an appraisal when and if they close the loan.

NOT! We are in the service industry. They are in the risk industry. Our fee is three figs, theirs is four. We get paid regardless, they get paid if they close it.

Well, that's the theory. Makes sense, right? I think so. Somebunny splain it to them.

We do the happy dance if we get paid within 30 days. Typically, it is more in the neighborhood of 60 to 90 days...though in the "delinquent" file which sits before me, accounts are growing mold. (I'm still trying to get 04 closed out with a few lenders.)

Have us by the balls, they do.

Can't drop them. After all, we need the biz. And they do pay us for about two thirds of the work that we do...

Bastards.

Tomorrow I'm transferring to another department.