Dead Beat Contingency Providers

[John Mason]

Comp is always the 1st to pay, followed shortly by Mickey Thompson.
As noted, JW takes months of e-mails and/or phone calls to get paid. Prior experience as a bill collector is a great help when dealing with them. Get the names of all you talk to as turnover is very high.

[luckydog]

ATI is the first to pay me. Mickey Thompson, Jegs, Moser, Comp, ARP,Russells, Holley and Stroud usually pay within one month. Summit is usually pretty quick also. I had a win and runner-up in June that I'm still waiting on money from BTE and Crane. I talked to Chase Knight of Crane at PRI and he told me they are just getting caught up. Last season was the same way with Crane. After numerous emails I just finally got my money from CSR the other day....

[trmnatr]

Originally Posted by luckydog

ATI is the first to pay me. Mickey Thompson, Jegs, Moser, Comp, ARP,Russells, Holley and Stroud usually pay within one month. Summit is usually pretty quick also. I had a win and runner-up in June that I'm still waiting on money from BTE and Crane. I talked to Chase Knight of Crane at PRI and he told me they are just getting caught up. Last season was the same way with Crane. After numerous emails I just finally got my money from CSR the other day....

With Crane they can be off by dates on this kind of stuff and back orders too BUT they will take care of it,, Chase is a very good person to deal with, Roy too

Maybe some of these companies are a little late due to the economy (??)

My opinion is,, Its better to get it late than to not get it at all

[Patrick Kelliher]

I love the tax form I got from Crane with the note "to expedite payment." Never mind I received this form after getting checks from all the other companies. I still have yet to see Crane's actual check.

[tim worner]

What really grips me is that these companies that have not paid out all year are posted with NHRA for 2009. How can they do that. Should they not have 2008 season payments taken care of before they are able to post for 2009. My preliminary count of contingency sponcers for 2009 is 20 less than 2008 even counting the ones that have not paid for this past season. 20 X $300 = $6000. That's a pretty large loss.

[buzzinhalfdozen]

This may be slightly off subject, but does anyone else think that if a company is a cont. sponsor and you win/ru and the N or I hra has verified your cont. why should'nt you leave the race with a check for all your money? I really think since the sanctioning body made the deal with these companies that they should have an account with each company to pay the racer on the spot, I mean we don't get to "send a check" when ever we feel like it to buy the parts or to enter a race for that matter. Just seems like everything else it's pass the buck time, sorta like dealing with many sorts of collection, if they put you off long enough maybe you'll just give up. Just my opinion, Joe

[Geddes]

Crane had a MAJOR layoff announced just before the PRI show.

[njk53]

I agree with you Joe B. All contingency providers should be required to have the contingency money paid to the NHRA/IHRA prior to any event for which they will pay a contingency. At the conclusion of an event, the NHRA/IHRA pays the money to the winner/runner-up. It could be very easy to administrate. Problem
is the powers that be get their money up front and don't want to kill the golden cash goose. Why should they be concerned whether we get our money fast,slow, or not at all. They have theirs. If that were me, I would be taking care of the guys that support me every event by getting the prize money in their hands as quickly as possible.