Re: What are your late payment policies?
I've actually just changed my payment policies. This is the first time in all of my 7 years of business that I've been having problems with late payments.
All clients provide their credit card information (it's included right in my agreement for new clients) and via my new merchant account, their Visa, MasterCard or Amex is debited automatically (by me) on the 1st of each month.
I have a $40 NSF check policy in place and had to institute that for the very first time in my business' history too, just before Christmas. It's been a bit trying and frustrating.
It's been a tough go for some of my real estate clients during this slump in the industry. But I've cut loose those that can't pay - except for one that fits my "ideal" client profile. He's a broker/owner and is fantastic to work with. We've set him up on the new monthly automatic credit card debit program so I don't forsee any problems in the future.
Cheers,
Pam
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