I have rarely extended credit...at least as far as monthly payments. I just think keeping track of that with many customers doing this would take too much extra office time away from money making work time. When I have a big project, in my contract I state that 50% of the cost is put upfront with the remaining paid upon completion. Contracts are always signed by all parties and work is not started until check is in the bank...and cleared! I may have scared off some people, but if they couldn't handle the investment, then I would be hesitant to think they could afford monthly payments...especially in our current economic situation. If you want to do the monthly payment option...BE CAREFUL! and plan on extra time calling on late payments, chasing people down or get into the debt collection business. Paul Matthew Todd <toddpianoworks at att.net> Sent by: pianotech-bounces at ptg.org 06/20/2008 07:34 AM Please respond to Pianotech List <pianotech at ptg.org> To pianotech at ptg.org cc Subject Credit?? List, I noticed in the "G" Piano Works Labor Repair Guide, at the end where he has his piano evaluation worsksheet and write up, there is space at the bottom of the page called a "Payment Schedule". It has a space to write amounts for the down payment, and amount per month. Do any of you extend credit to clients if work is going to run in the thousands? Matthew -------------- next part -------------- An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/20080620/70bd7969/attachment.html
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