Is credit good in business?

[Hate2Wait]

The only way left to get the credit back is to take help of the court but its a long procedure

 

[Starmix]

That's right but if debt reaches millions it's the court to give verdict to the accuse.

 

[Hate2Wait]

Companies do take the help of court or send notices and reminder to the opposite party for the payment

 

[Starmix]

Companies do take the help of court or send notices and reminder to the opposite party for the payment

They're also given due date by court to comply the requirements before finalising the court order.

 

[Hate2Wait]

Yeah and court can even tell them to pay fine for the money we spend on the case

 

[Starmix]

Better pay than wait for shame of penalty and facing court. It ruins a reputation of the company and even personal.

 

[Hate2Wait]

Yes this is why if we send legal notice then we can expect the company to pay us

 

[Enxx]

There are some business that if we give out credit, the business will fail especially with small business. Most big business do sell in credit and they are still doing well.

 

[Starmix]

The company will be forced to pay. They might have an emergency meeting with the board or ask help to a branch company of there is.

Post automatically merged: Dec 12, 2022

There are some business that if we give out credit, the business will fail especially with small business. Most big business do sell in credit and they are still doing well.

It's a risk for small businesses. They better start small to avoid credit. Credit is good if well - managed.

 

[Hate2Wait]

Many companies buy only on credit so we need to see if we like to make them our customer or can stick with cash payments

 

[Starmix]

Many companies buy only on credit so we need to see if we like to make them our customer or can stick with cash payments

I was on credit customs when I was a new employee and the restaurant owner listed the amount each employee consumed. Every end of the end of every month I paid 1,500 pesos for lunch only hehehe, then when hepatitis B was spreading and contaminating fast, I brought my lunch to work, homecooked and the restaurant got only very few diners and creditors. The owner always received almost 85,000 pesos at the end of the month from the creditors. It is a very good business.

 

[Bisolami]

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

I a very angry at him and he's making me regret why I chose to lend him the money. I won't try that next time

 

[Starmix]

I a very angry at him and he's making me regret why I chose to lend him the money. I won't try that next time

The one who borrowed 80,000 pesos from me was my ex -f and he is now in Melbourne Australia as a manager at Mcdonald's and married now. He's a shameless thick face. Karma to him.

 

[Bisolami]

The one who borrowed 80,000 pesos from me was my ex -f and he is now in Melbourne Australia as a manager at Mcdonald's and married now. He's a shameless thick face. Karma to him.

Hahaha
Do you have any plan or any means of collecting back the money. That money is a huge amount. You must make sure that he pays it

 

[Starmix]

Hahaha
Do you have any plan or any means of collecting back the money. That money is a huge amount. You must make sure that he pays it

I cannot reach him, I blocked him on Facebook and his parents passed away so he may have less reason to go home to Ph.

 

[Bisolami]

I cannot reach him, I blocked him on Facebook and his parents passed away so he may have less reason to go home to Ph.

Ooh that's sad
It's so sad that it is a lot of money. I hope you have gotten over it?

 

[Starmix]

Ooh that's sad
It's so sad that it is a lot of money. I hope you have gotten over it?

Yes though hard to forget the hard earned money gone with the wrong hands. It's not good to be a fool and be fooled like a prisoner of love charr.

 

[Bisolami]

Yes though hard to forget the hard earned money gone with the wrong hands. It's not good to be a fool and be fooled like a prisoner of love charr.

It is truly not good to be fooled. I guess I know how you are feeling right now
It is very sad

 

[Starmix]

It is truly not good to be fooled. I guess I know how you are feeling right now
It is very sad

I remember the boy but I do not remember the feeling anymore. What I feel is regret for trusting a human not worthy of my trust. . Karma awaits him.

 

[Bisolami]

I remember the boy but I do not remember the feeling anymore. What I feel is regret for trusting a human not worthy of my trust. . Karma awaits him.

I'm very sure that another day will come, he will need help but he won't be able to come to you because he broke the trust you have for him