is giving options on payment terms a good idea? for example, you could give them a choice: 9 month payment plan. 10 month payment plan. 12 month payment plan. do you see any drawbacks to giving them an option? any benefits to you?
Example: 36 week schedule @ $40 per week.("I can't afford $40 per week)
"No problem,we can put you on the EZ Pay plan for $29.95/52 week pay schedule.One year service agreement,no cancellation clause."
Do the math.Yes,it indeed costs more overall with the 52 week plan,but alot of people can afford lower monthly payments.Now,it's going to cost me more waiting for their money when I can get an 8% return on investing,plus have the same bills coming in monthly.