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03-24-2011, 12:34 AM | #31 |
On Hiatus
Join Date: Aug 2000
Casino cash: $1129700
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Posts: 11,613
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03-24-2011, 01:02 AM | #32 | |
On Hiatus
Join Date: Aug 2000
Casino cash: $1129700
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Quote:
Let me elaborate....when a B2B makes a credit decision most likely he is doing it with the knowledge that he is (in most cases) an unsecured creditor going in. So he has to know everything he can about that company, most assuredly their payment habits to suppliers and where he will fall in regards to importance when it comes to getting paid. (We call that Primary, Secondary and Tertiary conditions) When a Bank makes a loan you do it with the complete knowledge that you have collateral ( inventory, A/R, etc) and many times have the superiority when it comes to Lien status. And when it comes to Bankruptcy, your rarely take the "hair cut" that the Unsecured Creditors are forced to take. The decisioning processes are 2 different situations....you are not taking anywhere near the risk that a B2B is taking when allowing open terms. |
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Posts: 11,613
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03-24-2011, 01:06 AM | #33 |
FINALLY! The wait is over.
Join Date: Mar 2005
Location: The Future Is Now!!!
Casino cash: $19947565
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Posts: 56,649
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03-24-2011, 01:09 AM | #34 |
On Hiatus
Join Date: Aug 2000
Casino cash: $1129700
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Ever network thru NACM? If you want send me an IM and I can put you in touch with some people who can at least open some opportunities based on your experience.
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Posts: 11,613
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03-24-2011, 01:11 AM | #35 |
On Hiatus
Join Date: Aug 2000
Casino cash: $1129700
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Later guys...I need to get some sleep.
Iowanian...I will check my IM's later today. |
Posts: 11,613
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03-24-2011, 01:13 AM | #36 |
FINALLY! The wait is over.
Join Date: Mar 2005
Location: The Future Is Now!!!
Casino cash: $19947565
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Sweet. I've got 15 years in collections, 2 of which were as a credit manager for a small manufacturing company.
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Posts: 56,649
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