Bye Bye Advanced Commissions on Approval with Transamerica

[jdeasy]

I agree with baseball that its irrelevant in relation to nsf's but its mentally tough to give back . All I can say is once you start annualization its tough to get off as chargebacks will eat up your as earned.That means you could literally go weeks or months with no check.

That's right. It took a couple years or more for me to go from advances to as earned. I first went to 6 month advances and stayed that was for about a year. Then to 3 month and stayed there about a year then slowly moved all of those to as earned.

But when you first move one down 3 months your income suffers for the next 3 months.

 

[rousemark]

I agree with baseball that its irrelevant in relation to nsf's but its mentally tough to give back . All I can say is once you start annualization its tough to get off as chargebacks will eat up your as earned.That means you could literally go weeks or months with no check.

Perhaps it is irrelevant to NSFs but apparently Trans sees something wrong with advancing before drafting or they would not quit what they have been doing.

 

[jdeasy]

Perhaps it is irrelevant to NSFs but apparently Trans sees something wrong with advancing before drafting or they would not quit what they have been doing.

Are you saying that Trans is capable of a rational decision?

 

[rousemark]

Are you saying that Trans is capable of a rational decision?

What was I thinking?

 

[Todd King]

Are you saying that Trans is capable of a rational decision?

They are capable of it, they just choose not to use rationale most of the time!

 

[noah]

Well,I got paid early on at least 3 or 4 policies with effective dates on the 28th instead of the 3rd (draft date) just recently.

Commissions could not tell me why.

They had been paying 2 or 3 days after the draft until now.

 

[jdeasy]

They are capable of it, they just choose not to use rationale most of the time!

They have done a lot of crazy things but one near the top was one I had last year. There's one section with 3 questions and you only answer the 3rd question if the answer to question 2 is yes. The answer was no so I left it blank.

They were going to amend because I didn't answer question 3. Surprisingly once I pointed that out to them they dropped the amendment requirement.