Foresters
- Thread starter scott9178
- Start date
They pay on 1st draft. Usually a couple of days after first draft.
- 6,134
Depends on your IMO. Some can set you up on issue.
If you get select pay (depending on your imo), you will be paid upon approval. If you don't have select pay, you will get paid based off the draft date.
yestersay I did a voice app at 10 am pst. It was officially approved two hours later. It was on the comp report this morning. I'll have the funds in my account tomorrow.
This is common btw. If I do an app after like 2 pm pst, it would surely delay this by at least one day. Most of the time apps get approved within a day, but sometimes it does take 2 or even 3 which is rare.
They have made some changes this year in how they process voice apps and whatever they did it totally made their approving apps much faster.
yestersay I did a voice app at 10 am pst. It was officially approved two hours later. It was on the comp report this morning. I'll have the funds in my account tomorrow.
This is common btw. If I do an app after like 2 pm pst, it would surely delay this by at least one day. Most of the time apps get approved within a day, but sometimes it does take 2 or even 3 which is rare.
They have made some changes this year in how they process voice apps and whatever they did it totally made their approving apps much faster.
Yea you can do that but I just always find I like it better being paid on draft, less surprises lol. To each his own.
- 113
Foresters is issuing 80% of cases submitted in good order within 24 hours and most of these same day. All of my down-line agents are on "select pay" and receive commissions within 48 hours of issue. No amendments and no hassles,
Yea you can do that but I just always find I like it better being paid on draft, less surprises lol. To each his own.
are you referring to a charge back when the first payment doesn't go through?
- 6,134
Yea you can do that but I just always find I like it better being paid on draft, less surprises lol. To each his own.
I'd Love draft if it was legit. Draft on third. You're paid. Then find out draft wasn't good and you get nsf. I wish companies paid like 5 days after draft. You're only paid if it was successful.
I agree with this completely. It amazes me that in this day and age that it can take 7-14 days before we know if a bank draft was honored or not.
It's all electronic so what the heck takes so long??
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- #10
