Managing Expenses with Pampered Chef: Dealing with Insufficient Funds

[SillyChef]

Okay. So I just received a show, and I know that Pampered Chef is going to debt my account. BUT the problem is --- I don't have enough in there to cover the expense since a few checks came back. What do I do? I really don't want to get into trouble or have my debt card taken away from me for that?!?!!! Do I call the Solution Center and let them know? Has anyone had this happen before?

 

[letscook04]

HO gives you a couple of days before they debit your account. The first time if there is no funds, they will try again within a couple of days, still no funds in your account you will get a phone call from HO telling you that you need to send in a money order or a cashier's check. They will hold any commissions until that money is available.

 

[The_Kitchen_Guy]

Once that happens, getting back in their good graces with the debit card is like pulling teeth without Novacaine. Get on the people who bounced checks on you...what do you think Kroger would do to them for the same thing?In the mean time, transfer funds into TPC checking account to cover the discrepancy. If you don't have the funds, borrow them from someone - trust me, don't mess with the HO finance people.

 

[Chef Kearns]

Once that happens, getting back in their good graces with the debit card is like pulling teeth without Novacaine. Get on the people who bounced checks on you...what do you think Kroger would do to them for the same thing?

In the mean time, transfer funds into TPC checking account to cover the discrepancy. If you don't have the funds, borrow them from someone - trust me, don't mess with the HO finance people.

DITTO this plus give HO a heads up. I haven't had this happen, but I imagine if you let them know before they try the requisite number of times to run your card it seems like they would be able to work with you.

Run run run as fast as you can! Don't let them catch you Gingerbread Man!!

(Sorry I haven't had more than 4 hours sleep the last few nights. I'm running on fumes at this point-and they're running low)

 

[The_Kitchen_Guy]

You're fuming?

 

[pampchefrhondab]

I had this happen to me due to a problem w/my bank (I've changed banks since).

I had to send in a Money Order to cover the show. Then I switched accounts and gave H.O. the new info.

They were very nice and didn't give me any problems. If I remember right, they do send a letter which is a little "to the point." I can understand, they don't want to be out their money. When I called they were very nice.

They won't be able to stop the deduction from you account - but maybe they can at least note it so they know you are aware of the situation already.

Everyone else is right - you get about a week before they deduct the money. Maybe you still have time to collect it. Try taking the bounced checks directly to the bank of the guests to cash them. That way they can check the account right away for the funds. Maybe the money is there now. Sometimes people think they have a few days to get the money in their account, but many are done electronically now.

 

[The_Kitchen_Guy]

I like credit cards. Better than money, easy transaction, TPC pays the discount, and if there's a collection problem, it's not my problem.

 

[chefann]

Definitely get on the folks who gave you rubber checks. And get them for the bounced check fees that your bank charges you. Those will definitely add up and can cause other transactions you initiate to bounce, which will in turn create more fees.

 

[cookinmama]

I have also noticed with my account that the host gets the products before they even take the money out of my account. Wierd, I would think they would debt my account before they even shipped the products.

 

[The_Kitchen_Guy]

It's the way of business...cash flow always revolves around a certain amount of float time. TPC's Acct's Receivable Dept gives you about a week before they debit your account to allow you to close the show and get all the checks to clear.Of course, this game is much easier to play when you have millions and millions of dollars floating around your checking account...a lot more difficult to do if you only have a couple of hundred bucks.