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Rant: the sign at my bank in Toledo made me stop chasing a $60 invoice
I was at my bank in Toledo waiting to deposit a check and saw a little sign that said they now charge $35 for any returned deposit item. I had been about to send a $60 invoice to a collections service that takes 30% plus fees, and between that cut and the bank charge I would have walked away with almost nothing. So where do you draw the line and just eat the loss instead of chasing small money?
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sandra_moore303h ago
Honestly that math almost works out in your favor. If you send a $60 invoice to collections and they take 30%, that's $18 gone, and then your bank hits you with $35 more if the deposit bounces, which leaves you with like $7. Chasing that is basically working for free and you still have to deal with the paperwork. Sometimes cutting your losses and moving on is way smarter than spending weeks stressing over pocket change.
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