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Bullboard - Stock Discussion Forum Cash Store Financial Services Inc CSFS

NYSE:CSFS - Post Discussion

Cash Store Financial Services Inc > No collection bonuses for Ontario
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Post by stressed01 on Jul 08, 2014 10:49pm

No collection bonuses for Ontario

yesterday word got around that most other provinces would be getting bonuses paid out sometimes in July for any monies they have collected since the shut down....but guess what?!? This whole time Ontario was not allowed to be calling people and doing any pre authorized debits on people's accounts at all, but head office just told us this mid to end of June so any monies we asked for through collection calls, texts etc was illegal! And because of unknowingly doing this illegal collection practice we in Ontario will not be getting bonuses even though we have been going through this longer then any province...I have been with the company for a long time and I make a decent wage and didn't mind the job.Jobs here are few and far between so please don't waste your time telling me to find a new job.
Comment by steven12 on Jul 10, 2014 7:00am
well at least you got your job still - its amazing that csf can pay bonuses under CCAA but not severance its absolutely sickening
Comment by ataloss on Jul 20, 2014 8:04am
after I read this last week I called my RM. Sure enough, all the provinces other than ON that are not allowed to loan out, are getting a 5% bonus on all monies they collect 'properly' and RM are getting 2%. How long have we collected in ON with no incentive at all?? I figured it out and I would have made well over 8k in bonus. I never needed a damn incentive to do my job, when we found out ...more  
Comment by catchmeifyoucan on Jul 21, 2014 4:13pm
Ataloss, re: "bad apples" that they "got rid of". I'm sorry to tell you this. You're stuck with just about every bad apple available in that industry - your new management team. Handsome six figure salaries (in some cases seven figures) and KERP bonuses are being paid out to people who are there to do nothing but sell off that company in pieces at a lowball price. They ...more  
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