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How do you handle business debtors who have refused to pay?
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[QUOTE="Abigael, post: 288544, member: 25357"] Storming into people's houses to demand your payment seems to violent and might get you into trouble for taking matters into your own hands. But if the method works and it was a huge amount of money paid back, then great. Personally, I think bad debt in Business should be prevented rather than cured. This is by first setting an principle that you don't give out your goods for credit. If you stand by your principles, most people will respect it and buy rather than take on credit. Another thing you could do is giving out credit to only those people that have proven capable of paying back. Some people face emergencies such as being unable to withdraw money right away, but they will pay you back as soon as they can. Those people you give on credit should be financially stable with a clear source of income. Then never lend to someone who defaulted on payment. And only lend a small amount that you can afford to loose. [/QUOTE]
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How do you handle business debtors who have refused to pay?
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