Quote:
Originally Posted by TGTKPinkWhalepq
I told him that we needed to ensure collections not only from current members but from guys that leave with outstanding balances, and he just emphasized that we can't afford the short-term losses of Omega's 5% collection fee they quoted and we should just write off those losses. He's got more knowledge on the topic and better public speaking skills than me so my plan is to get some older members, like our former Pres and VP Finance to present the case in Chapter for using the service.
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While your econ major brother may be right, once he is out of the chapter the ability to do what he can do may be limited. What is great about Omega Fi is that they will be there beyond the current members and alumni/advisors, therefore able to hand these situations in the long term. Having this handled by someone who isn't a current member cuts down on internal issues. It now isn't a conflict between brothers, but a brother being handled by Omega Fi.
That 5% they take may or may not be less than the money your chapter would spend. When you look at the other costs, time mailing certified letters, filing in small claims court, kicking people out and all of the associated butt hurt and dramatics, that 5% may be worth it.
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