How do you collect debt to get paid quickly?

[hastral45]

There are many ways debt could be collected. What is most important is that if you have to grant debt, ensure that the person is a good debtor who has had good credit record. Also, ensure the debt would not in anyway affect the financial status of the business.

 

[flower]

Debt collection is very important for the growth of the business.

 

[IB D]

I really don't know the strategy to use and collect debts. When I give out debts, I trust the debtor to use his good discretion to know that the debt has to be paid back and on time too. I let go if the person doesn't comply with repayment but he or she is in my black book.

 

[Hate2Wait]

My family does not believe in getting debt for anything and they prefer to pay by cash/card for everything they buy and have taught me this too and in case you are in debt then you should repay it as soon as you can

 

[Unique_Lady]

I believe that taking loans with low and fair interest rate is a better idea since it makes it easier to pay back. I have seen where people go into debts as a result of taking loans that has high interest rates.

 

[cherry123]

First is to he sure of the person that the person is a good debtor who has had good credit record and will pay back the debt Then go for it as t the due time

 

[Stardom22]

The only way that can enable you to repay a debt quickly is by getting an affordable interest loan that has a very flexible repayment monthly plans in the matter of fact.

 

[Blessed19]

Well collection of depth is something I don't know what to 4 I have about five people that are owing me some certain amount of money but the problem I am having it how to approach them to collect my money back.

 

[puroypoi]

Just recently since I need money badly, I gathered enough courage, to ask and tell the person who is indebted on me, that I already need the payment. But it is really so hard to collect because if you are ready to ask for the payment, they are also ready to tell their reasons or alibis of not to pay you immediately.

 

[Niyi Briggs]

Just recently since I need money badly, I gathered enough courage, to ask and tell the person who is indebted on me, that I already need the payment. But it is really so hard to collect because if you are ready to ask for the payment, they are also ready to tell their reasons or alibis of not to pay you immediately.

And their stories might end up being even more touching than whatever your own situation is. I don't know why people find it easier to get debts but paying back is difficult.

 

[cherry123]

Yes if you are the one going to repay a debt and as quickly as possible, it is by getting an affordable interest loan. Loans are not always high but the interest adds to it

 

[capri]

I don.t sell on credit, meaning that I don't have debtors, at least on the business side of things.

Nevertheless, I am aware of the significant damage that unpaid debts can do to a business.
It is no wonder that some aggrieved businesses use the services of debt collectors whose effectiveness is decedent on their ruthlessness.

 

[astutimeliana723]

I've had dealings with people who owed me money but it took her a long time to pay. She is an online friend that I know from the study WhatsApp group that I follow. Until one day I threatened her that he would report it to the group admin (Ustadzah), she got scared and rushed to pay. LOL