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Tractor Talk Discussion Board

Bill collectors revisited


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Posted by NCWayne on December 07, 2009 at 23:08:10 from (173.188.168.35):

Just read the post and replies below about bill collectors. It amazes me how it's so easy to jump to conclusions and start talking bad about the way someone got into a bad situation.
Personally I don't have them calling me yet but it could happen any day given the current economy. In my case my wife and I got married two years ago last week. At the time we were both completely debt free, had savings, and the economy was still doing relatively OK around here. In other words she and I were both still working every day. Then our whole situation changed due to an extended court battle with the individual I posted about the other week. Now that we've used all of our savings paying laywers, and finally getting them paid off about two months back. We now find ourselves a year plus later still paying for court ordered therapy to help this individual learn how to develop a bond with a 6 year old little girl and given the nature of the court order really see no end in site. Add to that his lack of keeping up with the support obligation he brought upon himself and it just keeps getting worse.
Then add in the fact that I'm self employeed and haven't really worked full time in close to two months and it goes from bad to worse. Fortunatly I've had enough small jobs to keep things paid and have done some selling too but even then it's tight every month. What's really bad is that I have close to 50,000 worth of work just sitting awaiting the customers OK to do, and about a fourth of that owed to me from several other customers for work already done. Unfortunately that money is not readily collectible because the customers are in the same shape I'm in and have no work for their machines to make any money. Sadly in this business you often have to take a chance and fix a machine for the customer to be able to use it to make the money to pay you for the work. Once that's done, if you don't get paid in a timely manner, you then have few options. One is to add up additional cost and time of trying to collect with no guarantee on that course of action. Worst case you then have to spend more money you don't have trying to get a court order to reposses a machine. Then if you get that you'd have to add in the cost of a tractor trailer to pick up the machine, etc. In the end you'd have more money involved in getting your money than it's worth. In other words who'd be crazy enough to spend a dollar to collect a dime? So your stuck trusting that the customer will eventually pay you for the work as soon as they have work themselves. it sucks but it's business in the current economy so what can you do but grin and bear it and keep working???
Any way you look at it the economy is bad and whether others care to admit it or not it is very easy to be put in bad shape financially no matter what you personally do or how right you did it. All it takes is one thing beyond your control and it's all over but the shouting........
To all of you that have done things right or wrong and are setting pretty right now all I can say is I envy you. For the rest of us who have tried and continue to work our a$$es off to make it through a tough situation, all I can do is ask that you please keep us in your prayers...


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