Comments on: Search Agents massive bad debt burden

By: Home Information Packs (HIPs) Will you Save or Lose your Money

Home Information Packs (HIPs) Will you Save or Lose your Money — Thu, 26 Nov 2009 11:50:57 +0000

[...] Search Agents massive bad debt burden [...]

By: Sue Me

Sue Me — Fri, 13 Nov 2009 17:22:57 +0000

Ronnie, ronnie, ronnie you are a bad monkey!

odd how you miss the entire point of the seaches not being insured and the consumer not getting what they paid for.

the press release hasn’t mentioned anything about the search agents moaning about losing money.

it’s about ethical trading and consumer protection.

By: nick snr

nick snr — Fri, 13 Nov 2009 17:06:34 +0000

Oh come on ladies. If you are in business you will have bad debts. Most of the Pali bad debts are from solicitors with a recent addition of estate agents. We have one firm which had five estate agents offices established for thirty years. They have closed four offices and now owe us £7744.17.
If I could have seen that coming I would be a sooth sayer.
Nick.

By: Justin

Justin — Fri, 13 Nov 2009 17:00:57 +0000

I don’t think IPSA members need a lesson in credit control Mr Park. How about sharing your wisdom on the issue of consumer protection which is the overriding issue raised in the press release.

By: Andrew Prismall

Andrew Prismall — Fri, 13 Nov 2009 16:52:34 +0000

I cannot believe that anyone connected to One search Direct has the nerve to accuse this well established industry as “cowboys” The people dragging down the industry are OSD, the johnny come latelys and the HIP companies who drive down price foresaking quality from people such as myself who have been in the search industry for 22 years.

“James Taylor” has made ridiculously amateur and offensive comment and should apologise or everyone will just treat his comments, quite rightly, as bitter and unintelligent. I would advise anyone to ignore such desperate people

This comment was moved from IPSA non-compliant Local Authority Searches survey as it was believed to be more appropriate here, though James Taylor’s comments were on the original.

By: Nicola

Nicola — Fri, 13 Nov 2009 16:50:07 +0000

The majority of bad debt they we have incurred as been from long standing and well known companies, not new or non Hip/Search Code practices. how does this stand up against your comment Ronnie?

By: Rob

Rob — Fri, 13 Nov 2009 16:42:53 +0000

One Search direct must therfore have no bad debt to HIP co’s. Not sure how much credit referencing helps in an industry where the players have traded for less than 12months. Unless Mr Park is clarvoyant or has access to industry data that no one else does!

By: Ronnie Park

Ronnie Park — Fri, 13 Nov 2009 15:11:14 +0000

This is due to companies entering business relationships without doing the necessary credit checks and being selective about who you supply searches to. Onesearch Direct refuses to supply searches to many new and non HIP code companies and will modify the credit facilities offered to new clients based on their track record. Any credible and sustainable business model must have a method of filtering out ‘bad business’ before it gets onto your books. Many of the problems being experience by the IPSA members are simply a symptom of risky business practice.