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Real-Life Decision Making -- Solution

You don't pay her fee.

You think her demands are outrageous. You decide that all is not lost and you just need to wait a little longer for a clue that will tell you the whereabouts of Kenny Hong.

You are surveying his house when you see Hong pull into his driveway with his truck covered with mud. You radio in to tell your boss the good news, but he tells you to forget it and head back to the office.

As it turns out, the informant you refused to pay told Hong that you were looking for him. As a result, Hong paid the account directly, and the dealership must allow him another month with the truck.

Also, your boss lost the fee that the dealership would have paid him if you were able to track down Hong before he could make another payment. Nobody wins in this situation except Hong.

This situation is very similar to what Jim Voice, president of a credit service, had to go through once.

"The source offered to provide us with the whereabouts of a highway tractor we were attempting to locate and seize. The fee he demanded for the information was, in my opinion, excessive, as it would be charged back to the owner of the vehicle," explains Voice.

"I made him an offer of a finder's fee that I considered more reasonable, but he refused. The source, I believe, then told the debtor that we were after him, with the result that he paid the account directly and we lost the fees that we would have earned for that seizure."


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.