Comments on: Understanding the Story… “What If” a guest blog by Darla Auchinachie http://www.factorguru.com/2009/07/understanding-the-story-what-if-a-guest-blog-by-darla-auchinachie/ Tips on accounts receivable financing and business practices. Wed, 24 Feb 2010 01:00:32 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Cole Harmonson http://www.factorguru.com/2009/07/understanding-the-story-what-if-a-guest-blog-by-darla-auchinachie/comment-page-1/#comment-494 Cole Harmonson Fri, 10 Jul 2009 15:18:21 +0000 http://www.factorguru.com/?p=246#comment-494 We have had a couple of similar instances, we recently turned one down because the financials, agings, backup, etc. were too good to be true. Just for kicks and to verify that my "gut feel" was correct, we kept going through the process to the verification stage, where the client offered to "help" us with the verifications, so I obliged, again just to see what kind of [bull] he would bring to the table. What do you know, faxes that looked very similar to one another verified the entire balance. Once we told he we would be calling these august institutions ourselves, he ran off like a whooped goat. Oh and by the way, he was in a huge hurry, which makes us want to slow down even more. I love this business and it is fun, but if you bought into that deal you would be "hurtin' for certain". Thanks Cole. We have had a couple of similar instances, we recently turned one down because the financials, agings, backup, etc. were too good to be true. Just for kicks and to verify that my “gut feel” was correct, we kept going through the process to the verification stage, where the client offered to “help” us with the verifications, so I obliged, again just to see what kind of [bull] he would bring to the table. What do you know, faxes that looked very similar to one another verified the entire balance. Once we told he we would be calling these august institutions ourselves, he ran off like a whooped goat. Oh and by the way, he was in a huge hurry, which makes us want to slow down even more. I love this business and it is fun, but if you bought into that deal you would be “hurtin’ for certain”. Thanks Cole.

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