Quote:
Originally Posted by bigfanNY
I found out a couple more facts about this as Joe is a friend of a friend. Joe has not cashed any advance checks, but already got a bill saying he owed 16% interest on the advance until it is paid off. Joe's favorite player was Rusty Staub but his collection is much wider than that. All Joe wants is to get his items back. No checks have been cashed and if Lelands has any real costs he is willing to make them whole. But as of today Lelands has refused. I only met Josh a few times over a few decades but I cannot see him agreeing a customer should be treated like this.
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Is it standard practice to charge interest on an advance from an auction house?