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E&O Insurance - how much needed - Greg M/NJ
3/8/2007 3:00:13 PM (2806 views)
E&O Insurance for Notary Public - Bobbi Shorthouse, Notary Public/CT
3/8/2007 3:30:35 PM (3532 views)
Re: E&O Insurance for Notary Public - Loretta Reed/MD
3/8/2007 4:59:16 PM (3717 views)
Re: E&O Insurance - how much needed - Jim Lissemore/NJ
3/17/2007 8:39:37 AM (3585 views)
Re: E&O Insurance - how much needed - george Hubka/MI
3/19/2007 3:01:43 PM (3474 views)
Re: E&O Insurance - how much needed - Monique Burkes/OH
4/2/2007 8:47:24 AM (3391 views)

Title Issue - Kevin Ahern/CT
3/5/2007 1:36:59 PM (3723 views)
Re: Title Issue - Robert Franco/OH
3/6/2007 5:24:08 PM (3273 views)

Sub-prime lenders - Kevin Ahern/CT
3/4/2007 11:23:04 AM (3810 views)
Re: Sub-prime lenders - Robert Franco/OH
3/4/2007 11:54:23 AM (5331 views)
Re: Sub-prime lenders - Kevin Ahern/CT
3/4/2007 11:59:00 AM (3429 views)
Re: Sub-prime lenders - Ben Kohnen/WI
3/4/2007 7:34:52 PM (3492 views)
Re: Sub-prime lenders - DEED RESEARCH INC./NE
3/21/2007 4:00:52 PM (3441 views)

Info on Fleet Abstracts, INC ? ? - george Hubka/MI
3/3/2007 3:47:39 PM (3053 views)
Re: Info on Fleet Abstracts, INC ? ? - Austin Whitaker/NJ
3/4/2007 12:01:02 AM (3571 views)

iMortgage Services - Brad McCollom/IN
3/2/2007 6:41:23 PM (2708 views)
Re: iMortgage Services - Scott Perry/PA
3/3/2007 11:49:03 AM (3448 views)
Re: iMortgage Services - Bobbi Shorthouse, Notary Public/CT
3/5/2007 12:28:07 PM (3593 views)
Re: iMortgage Services - Vikki Moffitt/GA
3/5/2007 3:16:56 PM (3521 views)




Eclipse payments - Wayne Schutt II/NY
3/2/2007 8:20:00 AM (2983 views)
Re: Eclipse payments - Kevin Ahern/CT
3/2/2007 8:29:38 AM (3726 views)
Re: Eclipse payments - Robb Grandon/OH
3/2/2007 9:38:28 AM (3666 views)
Re: Eclipse payments - Kevin Ahern/CT
3/2/2007 9:55:37 AM (3683 views)
Re: Eclipse payments - Wayne Schutt II/NY
3/2/2007 2:42:07 PM (3626 views)
Re: Eclipse payments - Wayne Schutt II/NY
3/2/2007 2:10:19 PM (3595 views)
Re: Eclipse payments - Kevin Ahern/CT
3/2/2007 4:48:06 PM (3613 views)
Re: Eclipse payments- Bank loan???? - george Hubka/MI
3/2/2007 8:34:04 PM (3582 views)
Re: Eclipse payments- Bank loan???? - Wayne Schutt II/NY
3/3/2007 5:00:47 PM (3641 views)
Re: Eclipse payments - Wayne Schutt II/NY
3/3/2007 4:45:49 PM (3545 views)
Re: Eclipse payments - Kevin Ahern/CT
3/3/2007 6:07:21 PM (3603 views)
Re: Eclipse payments - Scott Perry/PA
3/3/2007 11:22:19 PM (3581 views)
Re: Eclipse payments - Kevin Ahern/CT
3/4/2007 3:35:26 AM (3472 views)
Re: Eclipse payments - george Hubka/MI
3/4/2007 9:16:28 AM (3486 views)
Re: Eclipse payments - Scott Perry/PA
3/4/2007 2:32:54 PM (3560 views)
Re: Eclipse payments - Scott Perry/PA
3/4/2007 2:21:26 PM (3403 views)
Re: Eclipse payments - Kevin Ahern/CT
3/4/2007 2:32:32 PM (3544 views)
Re: Eclipse payments - Scott Perry/PA
3/4/2007 2:33:38 PM (3560 views)
Re: Eclipse payments - Kevin Ahern/CT
3/4/2007 3:01:34 PM (3662 views)
Re: Eclipse payments - Scott Perry/PA
3/4/2007 8:30:48 PM (3564 views)
Re: Eclipse payments - Kevin Ahern/CT
3/5/2007 11:16:26 AM (3765 views)
Re: Eclipse payments - Scott Perry/PA
3/5/2007 11:26:10 AM (3739 views)
Re: Eclipse payments - Patrick Tarr/NE
3/7/2007 12:36:24 PM (3382 views)
I, for one, am perfectly happy having Kevin be my spokesperson on an issue such as this.  All he did was ask a perfectly reasonable, legitimate question.  I think this is most definately the proper forum for companies, especially newer ones, to state their exact payment policies.  I am tired of "manning up" and calling companies in private, only to be lied to.  Six different people can call the same company six different times and be given six different answers.  It would be nice for companies to post here so that everyone is being told the same thing.  

It certainly seems like Wayne is being very forthright and has the best intentions.  I have no reason to doubt him and I personally believe he intends to do his very best to make sure we are taken care of.  

That being said, there are two seeds of doubt that I am sure most of us have:

The first is that he had a relationship with a company that has had numerous payment issues.  He has acknowledged this and has stated that he wants to do things better so that never happens with his company.  I admire and respect that of him.  As I stated, I have no reason to doubt him.  I dont think he should have to pay for "the sins of the father", so to speak.  So this doesnt really bother me.

The second aspect is that it is a relatively new business.  I think this aspect is at the heart of Kevin's question.  When dealing with a new business, I would like to know how good of a footing they are on.  When I started out, I knew that I had to be able to pay my bills for a few months before I could count on being paid.  This is the question for Eclipse.  Do they have a financial reserve at start up to pay their bills, regardless of whether their clients have paid them?  Or are they just paying as they get paid?  If it is the latter, then their company is a house of cards just waiting to collapse. If this is the case, then it wouldnt matter what Wayne's intentions are, because it is out of his hands.  All it would take is one of his clients to slow-pay or no-pay him and it would start a chain reaction.  This is what Kevin is trying to find out- for all of us.  No one is attacking Wayne.  I would be more than willing to give Wayne a chance if I can find out that I will get paid no matter what-- even if his clients stiff him-- within 30 days.  And no, I am not going to call and ask personally.  Any answer to a business question that someone can say to me personally can be answered in his forum, so that we all know we are getting the same answer.  

 I do feel for Wayne.  Starting up a business in this environment is tough.  So many of us have had problems recently it has made us jaded and guarded.  I am now to the point that I would rather just get by with a few rock-solid clients than over-extend myself with clients I may never get paid from.  A couple of years ago it was no big deal waiting an extra 30 days or writing off an order here or there.  There was more volume and the bottom line was still pretty good.  Now too many clients have been taking advantage of that "extra 30 days" or simply not paying until they are damn good and ready, if at all, and it is getting to be a pretty good-sized piece of the pie!  The mortgage company, utilities, credit card companies, etc.,  wont give me an extra 30 days without charging me a bunch of fees.  My bank wont let me write bad checks just because I say I will pay them back in 30 days.  Yet we are expected to continually front our time and money with little or no guarantee that we will ever get paid, while constantly being pressured to lower (or at least not raise) our fees.

So if Kevin, or anyone else,  wants to question a company about it's payment policies, etc., I will stand with them and wait for an answer.  Any good company should have no problem coming on this message board and explaining themselves, in full, for the whole community to see.  After all, WE are the ones that stand to lose out.  WE are the ones who put money out of our pockets first.  WE are the ones financing these companies.  WE are entitled to answers! 

 

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Re: Eclipse payments - Robert Franco/OH
3/7/2007 12:41:39 PM (3408 views)
Re: Eclipse payments - Patrick Tarr/NE
3/7/2007 2:28:52 PM (3395 views)
Re: Eclipse payments - Robert Franco/OH
3/7/2007 3:26:42 PM (3298 views)
Re: Eclipse payments - Scott Perry/PA
3/7/2007 2:08:12 PM (3405 views)
Re: Eclipse payments - Patrick Tarr/NE
3/7/2007 3:47:43 PM (3322 views)
Re: Eclipse payments - Deborah Manion/VA
3/4/2007 5:09:44 PM (3524 views)
Re: Eclipse payments - Scott Perry/PA
3/4/2007 8:33:44 PM (3353 views)
Re: Eclipse payments - J Nisonger/CA
3/9/2007 9:20:39 PM (5133 views)
Re: Eclipse payments - george Hubka/MI
3/26/2007 5:48:03 PM (3292 views)
Re: Eclipse payments - J Nisonger/CA
3/26/2007 6:20:00 PM (3251 views)
Re: Eclipse payments - Sandra Morton/KS
3/5/2007 9:15:07 AM (3589 views)

E-mail mistakes you don't want to make. - Ethics/OH
3/1/2007 4:42:02 PM (3711 views)
Re: E-mail mistakes you don't want to make. - Wayne Schutt II/NY
3/2/2007 2:47:45 PM (3274 views)

Texas AG abatement - Robert Franco/OH
3/1/2007 4:40:40 PM (2488 views)
Re: Texas AG abatement - Kelli Gorman/TX
3/2/2007 11:41:56 AM (3162 views)

Legislative CALL TO ACTION re Attorney General opinion on public records - David Bloys/TX
2/28/2007 1:21:12 AM (3054 views)

non payers - Hannah McGinnis/IN
2/27/2007 10:51:54 PM (2590 views)
Re: non payers - Jay Duncan/MO
2/27/2007 11:44:03 PM (5325 views)
Re: non payers - Kevin Ahern/CT
2/28/2007 6:36:06 AM (3441 views)

Texas Atty Gen, Greg Abbott - Jan Forster/NC
2/27/2007 7:42:49 PM (1963 views)

Resource/Clear Tract - Dorothy Payne/NY
2/27/2007 5:53:30 PM (2582 views)
Re: Resource/Clear Tract - Philip Cotugno/MA
2/28/2007 5:40:18 AM (3285 views)
Re: Resource/Clear Tract - Jessica Talley/NJ
3/5/2007 7:18:25 AM (3217 views)
Re: Resource/Clear Tract - Dorothy Payne/NY
3/6/2007 9:25:35 PM (2987 views)
Re: Resource/Clear Tract - george Hubka/MI
3/7/2007 7:24:30 PM (3016 views)

Eclipse Title - Hannah McGinnis/IN
2/27/2007 2:17:04 PM (2443 views)
Re: Eclipse Title - Scott Perry/PA
2/27/2007 4:23:53 PM (3206 views)

Patriot Title LLC - Joseph Hess/PA
2/27/2007 11:31:03 AM (2179 views)

Expert Analyzes Impact of Texas AG's Opinion - David Bloys/TX
2/27/2007 12:41:37 AM (3076 views)


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