Who is paying?

[IRONLEGS]

I am having trouble with some of these forwarders paying there bills. Then when you call you get the run around or my new favorite is "we are in the middle of a merger right now you need to talk to these folks who tell you no talk to them". Who is having these problems with who. Right now forwarders make up about a 1/3 of my clients & about 3/4 of my income. Their employees get paid every week so why can I not get paid for my work. The lenders need to stop this 1 shop stop for everything & put it back to the real recovery professionals & end this nickel & dime us down corporate desk jockies. We should all get together & make a union (forwarding front) to take back all the work. Not meaning to rant but I am tired of these cowards getting paid & overpaid for us putting ourselves in harms way for them while they try to pay us less & less. That is if they send the check when they are supposed to send it or if they ever send it. Cant we charge intrest on unpaid invoices or am I mistaken because as far as I read it they broke their own contract by not paying in their time frame.

[renee]

I don't currently have anyone not paying but your best bet if you can stomach it is to call and tell them you can not run or update any of their accts until you get paid current. Before you ask, yes I have done this before and no it did not cost me the client.

My favorite is "we will go ahead and make arrangements to get you paid. When would you like a check cut?" Of course you say asap. THey come back with "I can cut you a check within 48 hours for a fee of 25% of the invoices or they can cut a check with 15 days for a small fee of 10%, blah blah blah." The idea of my paying them to pay their past due invoices to me just gripes my butt!!!

[IRONLEGS]

We called the one client every day now for over a week sometimes up to 5 times a day. We got a call back today & we should have 1 check by the end of the week with another next week. I can stomach it Renee I would rather lose the client that cant find the mailbox then get screwed out of all my money. The one is playing the merger card & is like pulling teeth. I stopped running their files when 5 files went over the 90 day mark & I called & got the we are in the process of new management. That turned out to be a merger in which each other says the other is handling payments & leaving me out all my money on all the collateral that they got paid on. It just sucks to think about because it is like there is no light @ the end of the tunnel. I didnt need to practice using a self loader for them to get paid.

[renee]

If you are no longer doing their work and don't mind pissing them off, you may name them on here if you want.

Otherwise I would call and ask for email info for upper management (general manager or owner). Once you get a name and a way to contact them, hang up and wait a few minutes and call and ask for that person. If you don't get them, send them an email asking for their assistance in collecting your A/R past dues with their company just as you assisted them in collecting their collateral from the party who would not pay them.

[IRONLEGS]

The one that is not paying me is Bramacint who is being taken over by ACRG. They both keep telling me & the wife we have to talk the the other. We call Bramacint they say ACRG is handling the payments & they tell us they did not fully take over that Bramacint is stilling handling their own payments. I am at a loss here on this I have recently started working with ACRG & do not want to get screwed even farther. Any help is great.

[renee]

Stupid question but.....Are all the cars already gone off your lot?

[IRONLEGS]

Of course they made sure they got it completed to get paid. I have invoices that are 6 months old & the last one being 2 months already. I have just started with ACRG & dont want to get the shaft again.

[renee]

I left ACRG because of slow pay. They reached 48K and I told them they had to pay all invoices that were over 60 days, it was getting ridiculous. They were kind enough to offer to send the past due to me within 7 days IF I would take 25% off the top. I refused and ignored the auctions calls for a few days, got paid in full. The rest is history.

[azlocator]

I too have a client now that is out of Miami, Fl that their bill has reached the 20K mark. I called about my check and was told they were over nighting one to me. Well they did, and it was $300 . I was pissed. Called them back and told them I would not run another account or release anycars until I received all past due invoices. I got another check 2 days later for half the balance, and also another 22 repo orders, so I guess it worked out and now I get a check every Monday.

[IRONLEGS]

Can I hold their cars now that they have fully merged under acrg even though they are not for drive financial or should I try to drag Drive into the matter? I am just lost on where to go with them.

[IRONLEGS]

Finally got a check from them thanks for all the input. I have them on a short line Renee. I dont do that volume for them but it would be nice. I just wanted to update everyone.

[NEN53]

Not all Forwarding Companies are Bad. If you want to work for a Forwarder that Pays ON TIME contact Consolidated Asset Recovery System in Raleigh, North Carolina. 919-518-2277 Ext #3. I have been Skip Tracing for these Folks for almost 2 years. They Pay On Time. If there is a problem where an invoice is not paid when due, they take care of it within a week. They have plenty of work. The biggest problem they have is finding Agents who really want to do the work. Norm

[renee]

I don't think they are a nationwide forwarder are they?