What is the trade off in return for the abstractors extending 60 days credit to you?

What is to prevent the 60 day turn around time from becoming the norm rather than the unique first time experience?

Is your firm sufficiently credit worthy to justify the requested extension of credit, and is the credit history of your firm available to the abstractors to review before they decide to extend credit? 

The problem that many abstractors have experienced is that they have extended credit (in some cases thousands of dollars) to title companies only to have slow pay/no pay/partial pay results. Take a look at the postings on this board for the past two months.

 

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