Well, it makes sense to cover ones self in situations. Everyone has their preferences. I have only done it one way myself. I let people pay a certain amount up front (two months to be exact.) Most customers shot for a one year repayment plan which is highly affordable in most cases. Some people was sooner, one customer took 17 months to get his paid off. The reason I made them pay two months in advance was
1. If they missed a month, that was paid.
2. The second months payment is used as a holding/restocking fee.
Most people enjoyed the way it worked cause they had 30 days from due date before I took the comp back. Had several people that kinda constantly floated in 1-30 day late status, but only a couple got thier computers taken back. I didnt charge late-fees so people were also excited about that. The two people that lost thier computers, of course forfeited what they already paid in, and those two computers were turned around and re-sold. Used of course, and I took about I think a 100 lost on one and only a $60 loss on the other. Out of all the money I made, to only loose 160 bucks was pretty nice. It worked out, as I worked with people to make it work out.
But to each's own ya know. Some people are not as trust-worthy as I am. I have been burned several times in Life, and most think what I did was stupid, but the key thing is to just have a little faith in people.
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