Is credit good in business?

[Starmix]

I think it depends on the situation and circumstance. If you are selling food and you have a certain neighbor so hungry, it will be inhuman of us if disallow the hungry neighbor to buy in credit. But if it always happens and no single payment is made, that neighbor needs discipline by refusing to purchase food on credit. For a big store, unless that customer already built good friendly relations, a good creditor, no reason to refuse, so it is case to case. What about your observation in your community?

 

[SHAHID987]

Credit is a part of business but we must not make it practice because it may causes so many problems as some people when become habitual of credit they use this as a practice and they ask for credit again and again and finally our relationship with our customers going on declining trend.

 

[misha]

without giving credit no business would survive

 

[Magnus2022]

Credit is not good in business but there are situations where we can not avoid no matter how we try. A business man must try to avoid selling his product on credit. Credit is sure way to liquidate a business.

 

[Bisolami]

I think it depends on the situation and circumstance. If you are selling food and you have a certain neighbor so hungry, it will be inhuman of us if disallow the hungry neighbor to buy in credit. But if it always happens and no single payment is made, that neighbor needs discipline by refusing to purchase food on credit. For a big sore, unless that customer already built good friendly relations, a good creditor, no reason to refuse, so it is case to case. What about your observation in your community?

Credit is not good in business. Let me talk about my community. A lot of people owe you money and tend not to pay back

 

[Starmix]

Credit is not good in business. Let me talk about my community. A lot of people owe you money and tend not to pay back

It happened to me too somebody borrowed big amount until this time even partial not done. I learned a lesson.

 

[Bisolami]

It happened to me too somebody borrowed big amount until this time even partial not done. I learned a lesson.

Sorry about that
Presently, I'm asking a guy for my money. He has refused to pay me the money I borrowed him

 

[cherry123]

without giving credit no business would survive

I agree with you, you need to sell on credit for fast sales.

 

[Bisolami]

I agree with you, you need to sell on credit for fast sales.

The problem is that are you sure that you will get your money. You know how toxic some people are when it comes to paying debt

 

[Shavkat]

Some people in my city love to use their credit cards without any limitations. I think it is a good business because they will be in terrible debt. For me, I never had one and not my option to have.

 

[Bisolami]

Some people in my city love to use their credit cards without any limitations. I think it is a good business because they will be in terrible debt. For me, I never had one and not my option to have.

I guess that the credit they mean here is debt. Some people buy goods on credit and at the end of the day, they won't pay up the money

 

[cherry123]

The problem is that are you sure that you will get your money. You know how toxic some people are when it comes to paying debt

That's the problem that is why to only always release money that you can only afford to forget

 

[Bisolami]

That's the problem that is why to only always release money that you can only afford to forget

That's true
If someone comes to lend money from me, if it is not what I can afford to forget, I won't borrow the person

 

[cherry123]

That's true
If someone comes to lend money from me, if it is not what I can afford to forget, I won't borrow the person

Way to go for me too. I just give you what I would afford to lose.

 

[Bisolami]

Way to go for me too. I just give you what I would afford to lose.

And there are times that I want to try to invest online. I will just invest what I can afford to lose so that I won't feel very sad when I lose money

 

[Starmix]

Sorry about that
Presently, I'm asking a guy for my money. He has refused to pay me the money I borrowed him

There are shameless and thick face people. They don't have word of honor no dignity.

 

[Hate2Wait]

Credit is good and useful to get more business but if you keep giving things on credit then it will be tough for you if you are unable to recover those funds

 

[Starmix]

Credit is good and useful to get more business but if you keep giving things on credit then it will be tough for you if you are unable to recover those funds

Nah, what if the creditor is transient so goodbye money. It could be once only to observe.

 

[Hate2Wait]

This is why we need to allow credit to those companies that are established and have good reputation among suppliers

 

[Starmix]

There are companies good creditors for example bank loan and stores for supplies. They're good standing creditors.