We recently inquired partnering up with a invoice factoring company to help with the extreme growth of our company. We were in need of cashflow solutions fast and started the process in December. From December to end of January we paid almost $2k for company fees and underwriting fees. We soon realized that although we had already CLOSED twice with their underwriters, they kept adding restrictions the original term and kept putting our account on hold because we did not want to agree with those added terms; this was done twice and each time they charged us to write up another contract. We finally cut ties with that factoring company and just took the lost of money to not have any relation with them, I also want to add that this process took so long that they actually received a check from one of our customers to their remittance address and ignored us for almost a week on the release of the payment. They only released that check once I threatened to report them to the factoring association.
This factoring company filed a UCC on my company even though they never factored any checks or financed us. We now have been working with another factoring company that has been very helpful in our situation, but we have hit a a stop in the process because the first factoring company does not answer us to release the UCC filed on my company. Our new factoring company was able to get in contact with the first company but they just put excuses in order to not release the UCC (they say they need to speak to me but never call/answer my calls).
Long story short I am stuck now because the first factoring company did not want to fund us, rather robbed us almost $2k, and also doesn't want another company factoring use by holding that UCC. This is hurting the operation of my business and I need to do what ever it takes to not let the first company hold the UCC cause me not to be able to get funded.
Please advise ...Read More
I have a customer that slander my business on social media site where I do 100 of my advertising. It has hurt me financially. And she refused to pay me. Can I add damages to the claim I just filed? ...Read More
I completed a project for a customer and She (Jessica) refused to pay the remaining amount. This contract was in an email and agreed to as 1/2 payment was given at the beginning. When I tried to collect the remaining, she decided to pay only a portion of the remaining. Still owed is over $1000. Before I began the project, she was asking for a discount. My suspicion is she was going to take the discount regardless. ...Read More
I was hired by the contractor to remove the entire HVAC system indoor and out. Also I relocated the outdoor unit , rebuilt the duct the entire duct system and gas line. I was assured that I would be paid upon completion of the work done. However after the work was completed I was told to wait for it to be sold....Read More
A customer abanonded his car, made it very clear that he doesnt want the vehical because he cannot afford repairs. He took out his belongings and left the car in my shop. He still owes on the car but also owes me. how would I go about putting a lein on the car and retrieving the title? I have no way in contacting him because he took out all of his belongings and is not answering his phone calls. Please respond , Thank you...Read More
So I hired a builder to build my home. I paid him his rate to oversee the job. As invoices came in from his different accounts such as lumber and different materials he had me pay his invoices. 5+ months ago we had a well installed. Our builder is now calling us to tell us that that invoice has not been paid. And actually as of today we have still not received an invoice. What are our options?...Read More
We completed a Mitigation job on a large Jewelry Store almost 3 months ago. The Insurance Company made a partial payment several weeks ago, and the final payment was made yesterday. The total is $29,000 +-. Our 90 days expires this Saturday, 11-14-20. If I file a Lien on 11-14-20, how long will it take for the customer to get notice that a Lien was Filed?...Read More
So according to the 2021 Georgia lien law, a notary is not required now, BUT can a general contractor on their own still require a notary signature from the subcontractor and/or supplier? If so, how can it not be required, but also be allowed as a requirement? I have a customer who is still trying to require the notary (not the end of the world, but an inconvenience).
Woodstock, GA...Read More