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Author Topic: Collecting old money  (Read 6560 times)

Offline DLD

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Re: Collecting old money
« Reply #15 on: June 14, 2007, 12:49:50 AM »
I do extend some credit on cattle to those I know and trust. I've never had any serious trouble collecting, though it does take awhile sometimes. I don't mind helping a family that needs it, but I have a serious problem with people that want to pay you after they resell your cattle. I can understand needing to hold a check for a few days, but some people want to speak for them when they're 2 months old, pick them up 3 months later, and not pay a dime for another 3 months after that... Sorry, I'm not playin' that game. They can pay interest as well as I can.

The one thing I have learned is that I sell semen strictly on a cash basis. For some reason, that's something alot of people seem to think they need to be in no hurry to pay for...

I have (knock on wood) only ever gotten one hot check, and I called the guy and he apologized profusely and said run it back through, it'll be good. And it was. Guess maybe that's 'cause I'm pretty careful about who I take 'em from, though.

I know there's a balance
I see it when I swing past...
- John Mellencamp


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