My question is a little bit different from repo's.
I own a bail bond business (Michigan) and latley been having problems with people NOT paying off the balances of bonds.
The co-signer signs a contract,and promisary note to release a defendant.This is only on a few cases a month.Most people are honest and pay.
I was thinking about adding a wheel boot to my inventory to recover monies owed.This is of course is after numerous written attempts to collect. Bill collectors are not much help neither.
Can I add this verbage to my contract stating this wheel boot option , such as a hold harmless agreement or ????
One more thing, I do have a heart. When people are making an attempt to pay. I always give extensions. It just a few that Im tired of.
Any help, please.
sample verbage would be great.