BobInNH
TUG Member
In the US Collection there is about a $7.5 million expense for bad debts. I assume that is mostly for people who have just given up. For those people I know there is some kind of foreclosure process (not the right term, but the right concept) to recollect the points.
My question is this. What happens when those points are resold? Does the revenue go back into the collection? If so, there should be a line item under the revenue category for resold points. If they are resold, who resells them?
BTW, if you were my CFO and you told me we were running 3.75% bad debt I'd fire you. That's an obscene amount.
My question is this. What happens when those points are resold? Does the revenue go back into the collection? If so, there should be a line item under the revenue category for resold points. If they are resold, who resells them?
BTW, if you were my CFO and you told me we were running 3.75% bad debt I'd fire you. That's an obscene amount.