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re: Best place for a personal loan?

Posted on 9/16/14 at 2:59 pm to
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35705 posts
Posted on 9/16/14 at 2:59 pm to
The contractor should take a deposit. The initial deposit should only be 20-30% or so. If the contractor wants a huge deposit find another contractor. He is robbing Peter to pay Paul and eventually will be walking away from jobs without completing them.
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 9/17/14 at 9:35 am to
quote:

The contractor should take a deposit. The initial deposit should only be 20-30% or so. If the contractor wants a huge deposit find another contractor. He is robbing Peter to pay Paul and eventually will be walking away from jobs without completing them.


This, this, this. I recently got burned by one, and this is exactly how it played out. Luckily I caught on to his game before he tried to cash the check and I put a stop payment on it. Otherwise, I'd have been out $1200.
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