Financial Advice?
 

Hello ladies. Currently my chapter is having issues with getting sisters to pay on time. This month has been the first time we have had to cancel a social event because we have not been able to get the delinquency under 5%. We are dangerously close to having to do that again for February. ANYWAY - I was wondering if ya'll had any suggestions for incentives for paying on time or other good ideas? We currently use Omega Financial as our billing company. Thanks so much in advance for your help.

Alpha Love,
Rebecca
Kappa Omcicron Chapter Adviser

Often, enforcing the 5% rule is all it takes to get finances back in order. When that doesn't work, there are a number of things the chapter can try. Are financial agreements enforced by the chapter? What about payment plans, as needed? Does the chapter use them, and do they enforce them? Have you contacted the chapter's NS for suggestions or ideas? As for incentives, I've seen some chapters offer a discount for paying in full at the start of the term.

Hope some of this might help!

AOIIAlum hit it on the head! Couldn't have said it any better.

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