When my dad moved his shop from the outskirts of town to a nice location right in midtown, we were all excited for him. We were excited for ourselves too, since it is a family business that we all plan on being a part of for the rest of our lives. Thankfully, we were all able to look past the appearance of the new store front. Inside, it looked amazing. The outside was a different story altogether, which is why he got it for such a low price. He contacted a painter in Bergen County NJ who came out to give us an estimate on what it would cost to have the exterior painted. (more…)
I had to turn over an account to a collection agency because one of my customers wouldn’t pay. I gave them an invoice that I created using a free invoice generator for the cost of the services I performed for them. They agreed that they would pay by check, but the check they gave me bounced. I contacted them repeatedly about the check, but they wouldn’t answer my calls, nor did they respond to the letter or the email that I sent them. Apparently, I wasn’t the only person having problems with them, because other businesses had to contact a collection agency to get payment.
I decided to do a little investigation of my own and drove by their house one day. In the front of their home was a for sale sign. They weren’t living in the home anymore and the bank had taken over the home. I had no idea where they went, but they had a lot of debt following them. This was the first time that I ever encountered a customer that didn’t pay their bill. Even the customers of mine who are living with financial difficulties have contacted me to arrange a plan for payments.
There were so many cases against the customer, that the government had to get involved. They were able to track down the customers and arrest them. Aside from failing to pay debt to multiple people, they had back taxes for years. There’s one group of people that you don’t want to cross, and that’s the IRS. They will stop at nothing to get money from you if you owe them. They’ll either try to take money from your wages, or send you to jail. The government is going to send me a check to cover the money detailed in the invoice.