Bad debt

[Estate fencing.]

I was looking after 800 tack lambs one winter and I was paying for the keep, the owner was going to pay monthly but never did (turned out that he never paid keep every year). When the lorries came to pick them up I left the value of what he owed me in the field. He rang to ask what had happen to the missing sheep and I said you can have them when you bring the cash round, he never turned so the sheep where mine.

 

[kiwi pom]

From all the texts messages he has sent telling me that he will pay “today” and the fact QuickBooks tells me he has opened the invoice. I’m pretty sure he has received them

Take a couple of mates and go see him with the invoice, leave them in the car, knock on the door and ask for your money.
You might be surprised.

 

[Campbell]

Farming is a relatively local community, so always seems odd to me that folks are prepared to fault on deals but still carry on their business.
I'm just going to check if I bought any straw locally........

 

[MickMoor]

As some have said already, Thomas Higgins. All done on line, cheap and very effective. Last time I logged on a little note popped up to tell me they had recalimed about £45,000 so far for me! They even got a CCJ against Kirk environmental just before they went bust. I cannot praise them highly enough. You get costs, interest and compenstion if you use them.They recommend a good solicitor for you if the incoice is contested. I have traded since 1985 and during that time have amassed less than £10,000 that I have had to let go.
Just taken action against a debtor for £360.00 I got it and £203.00 interest, costs and compensation. Play it by the law and you win!!!

 

[7610 super q]

Farmer bought straw off me. Known bad payer I hand found out now,

Waiting for 4 months or more for payment from some surprisingly large farmers is becoming quite common. What's going to happen when / if subsidy ends gawd knows.
The penny may eventually drop that £100k tractors and 1940's produce prices isn't a good business plan.......

 

[puppet]

Doesn't help now. But golden rule with bales here...nothing gets loaded on a truck without the money already being cleared. No its, no buts.
I also use a "brokerage firm" to market my hay through. They get paid first. Then pass it on. Weeds out any dodgy buyers. Surprised you dont have something like this over there?

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Yeah, we have someone who came over from Australia and set up a brokerage firm called Greenshill which is just a middleman with no real assets which 2 other banks are going to write off £2bn from loans. They were not dealing with dodgy straw deals but gold-plated contracts to pay Health service workers.
And the real scandal was that our Brexit loving Prime Minister, Dodgy Dave, stood to make millions as their lobbyist

 

[Suffolksucklers]

One of my "driving lessons" was to go and see a man about some money owed to dad. We turned up and luckily his whole family were there so he didn't want to lose face and asked if cash would be ok. I didn't know this as I was waiting at the car. All I could see was the chap appearing at an upstairs window and opening his gun cabinet. Luckily it was just where he kept his cash but those were a few nervous minutes

 

[Suffolksucklers]

On another occasion we were owed some money when we saw some cattle equipment advertised for sale by same guy. Knowing he wouldn't answer the phone to us we enlisted mum to ring and she was invited straight over to look and they would of course help her load etc. The look on the chaps face when we pulled in his yard was priceless. Took the equipment to settle the debt and that was that

 

[Netherfield]

George and Carl had a metal recycling business, from their mother they inherited a big hole in the ground.

John had a Local skip hire,demolition, stone sales firm and rented said hole to fill with inert materials, all went well for a few years until a slump came along in the business, John had a meet with Carl and George to say he was going bankrupt in all but stone sales and could not afford to pay the last 12 months bill for tipping, a few thousand pounds.

One dark night John had a visit from persons unknown.

Following day when Carl came home from work he couldn't open the door to the house and had to go round the front to get in, several bundles of money had been pushed through the letterbox and jammed the door.

Carl and George were some of the nicest people to do business with, along as you played the game fairly.

All parties are now deceased.

 

[Cowabunga]

All kinds of businesses can be crooks. I remember when the dealer I worked with lent a Merlo handler to a crooked builder/farmer and it burnt to a cinder in a hedge cuttings pyre. No problem with him that time as such, although we suspected that he had insured it the day after it burnt, but have no evidence other than knowing his history.
Anyhow the claim went in to his insurance company and there was no response for months on end. The insurance broker's boss was always 'out' or with a 'client' when our boss called. Eventually I said that I insured with the same broker and I phoned him on my mobile from the boss's office and got through straight away and handed the phone over. The broker was obviously angry and, in Welsh, and I heard it on the speakerphone first hand, said "to tell your the truth I couldn't give a f**k about paying out to you because you have never put a penny in my pocket". A solicitor's letter got sent to the broker that week and he eventually paid out. However, the great thing was that it certainly cost him a penny or two, because I cancelled my insurance with him and every salesman in the company made sure that if they were asked who to insure with, told all and sundry not to insure with that broker. No integrity in the man nor his brokerage company and I wouldn't advise anyone to touch his insurance with a barge pole with that attitude. He had no intention of getting the insurance to pay out until his hand was forced. I doubt whether the claim had even gone in to the insurance company at the time we phoned, which was literally months after the claim was forwarded by the dealer.

 

[Cowabunga]

Repossession can work if goods have not been paid for. As it happens the same customer as above 'bought' a new Marshall bale trailer but paid not a penny for over a year. We went in there while he was building and took out the trailer and loaded it on an artic and off back home it went. Left a letter explaining where it had gone on the a tractor seat and the same letter was sent by registered post. Also a copy to Dyfed Powys police. The man did report it stolen and claimed the dealer had stolen it, but due to the letters sent, the police said that it was a civil action and nothing to do with them. End of story.

This was before Thomas Higgins came on the scene. Today in all probability they would be used because, let's face it, dealers don't want a now-used machine back on their yard to have to sell again at a discount. They want the money owed.

 

[cows sh#t me to tears]

Sold a mower on consignment years ago through the dealer we purchased it new through. They were 400kms away. We had a call from a friend that said the dealer was in trouble. Dad and I went for a drive with the intention of taking stock to the equivalent of what we were owed (our mower had been sold).

Fronted ol mate and he wrote us out a cash cheque, which we duly took to his local bank to cash. All was good.
So. Just pop round and see him. Especially at a time when his family are likely to be around. Embarrassment may get the better of him.

 

[Netherfield]

Dad once thought he'd done well getting a Moore's Unidrill in exchange for a bad debt, but with bent discs and worn out seed tubes it was a nightmare.

 

[Chae1]

Waiting for 4 months or more for payment from some surprisingly large farmers is becoming quite common. What's going to happen when / if subsidy ends gawd knows.
The penny may eventually drop that £100k tractors and 1940's produce prices isn't a good business plan.......

At least your consistent.