About twenty years ago, I did some work for a video store.

The owner would accrue late charges for three years ($1 per day for 1000
days). At the end of the three years, he would write off the bad debt, and
send the offender ( and he IRS ) a 1099 for the amount.

This was back when Massachusetts used a Social Security number for a license
number.

I changed my license number then next time I renewed.



"Paul Tomblin" wrote in message
...
In a previous article, (G Farris) said:
In article ,
says...
Well, if you're not local (and I'm assuming you're not) a flying club
doesn't have the resources to go looking for you. Our flying club
hasn't
turned over any outstanding debts to collections in my tenure, and
instead
we've wasted HOURS of volunteer time tracking down people who've moved.
I
think next time we're going to try the collection agency.


And you can be sure they'll be HIGHLY motivated by the 15% they can
recover!

Well, in this case they obviously got the attention of somebody who only
owed $15, right? We had one guy who owed us $6,000 and we spent literally
*all* of our club officers volunteer time for 6 months tracking him down
and calling to get the money. We eventually got the money, but if we
could have gotten half of that back with one phone call to a collection
agency, we would have been far ahead.

Read "Acts Of Gord" (http://www.actsofgord.com/) to hear about people
who'd gladly default on something as stupid as a rented video game, and
then come crawling back begging to make things right when they find that
they can't get a car loan until they get the debt off their credit record.

--
Paul Tomblin http://xcski.com/blogs/pt/
QUOTE OF THE DAY:

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