FH, and in the past NAFA, has a well defined payment schedule. All the buyer has to do is pay 35% of his/her invoice by prompt date and they are following the rules. FH can’t demand full payment by prompt. Then the buyer pays interest on the balance of his invoice.
Some buyers pay in full by prompt but not everyone does. Some buyers take 60 days or longer to pay in full. Perfectly within their rights.
FHA isn’t spending money they don’t have.........
Sounds like some buyers are spending money they do not have. Most all of the fur that they sold of mine has been since Sept. of 2020. If they do not have the money by now I doubt they will. I have some good advice for these folks. Quit giving fur away without full payment. If they don't have the money they don't get the fur. Fairly simple. Of course that would not allow the auction to get their 11% out of the 35% they ask on the down payment. I have a bad feeling about this one. Hope I am wrong. LLL