Wednesday, November 18, 2020

You're the Man!

This is a very rewarding profession.  I don't mean rewarding in a financial sense... rather on a personal level.

 This has never been more true than during these difficult times brought on by the COVID pandemic.  Many businesses that never would have needed my service under normal circumstances have found themselves in unavoidable financial distress.  Whenever I am able to assist in relieving some of their account payable issues, it is always a good feeling.

 I was recently able to assist the owner of a private security company with a $13,200 debt that had escalated to a lawsuit by negotiating a discounted out-of-court settlement.  This was not an exceptionally large claim but his revenues had declined dramatically due to the ongoing pandemic and he was unable to make payment in full.  When I presented the company owner with the $7,200 settlement payable in 24 monthly installments of $300 each at 0% annual interest for approval, his email response was:

 "You're the man!!!  Excellent work!!  I agree."

Arturo R.

The payment terms I negotiated allowed my client some relief and has helped him get back on track with his business.  Pressing my negotiations for the best possible terms on behalf of my client is always my highest priority.