How to handle chronic debtors In a business

uptrendfinancialsignal · Feb 6, 2023

flower said:
Those kind of debtors could be a thorn in your flesh but you just have to handle things maturely.

I think the best way to go about this is to involve appropriate authorities to settle the issue.

Stardom22 · Feb 6, 2023

I think the best way is to you just accept to suffer the losses as a result of their debts and never ever again dare to give them credit anymore.

eldavis · Mar 2, 2023

It can be very annoying and stressful in most cases to deal with these debtors that is why business owners are mostly advice not to give out their services or products in credit.

Heatman · Mar 2, 2023

cherry123 said:
The truth is that in the course of a business you would be meet people that would refuse to pay up over time after buying on credit from you.How can one deal with this kind of situation to retrieve your money especially if you still want to keep a good relationship with the debtors

I am the kind of person that find it very difficult to sell my products to anyone on credit because a lot of people fail on their promises to pay when they are supposed to pay.

cherry123 · Mar 2, 2023

You just have to be selective with your debtors, make sure you are doing it with those that you believe will pay you in the long run so just know those you are selling on credits

How to handle chronic debtors In a business

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