Tips for avoiding bad debt
Here is a good link for dealing with debt by an attorney
click here:D
that was really good! Thanks for posting that!
That wasn't for people who are in debt, but for companies that have loaned money or performed services and can't collect their payment.
The advice about being clear on agreements for any financial transaction applies to everyone, though.
i agree, being fully informed is the most responsible thing you can do.
bono
Rep Points: 150
Make sure if you're borrowing money of putting yourself in debt. The conditions of the bank of other business establishments you're dealing with is advantageous to the borrower. Meaning having an accepted interest rates and a plan to help you in case you cant pay all of them at once.
[QUOTE=bono;1241]Make sure if you're borrowing money of putting yourself in debt. The conditions of the bank of other business establishments you're dealing with is advantageous to the borrower. Meaning having an accepted interest rates and a plan to help you in case you cant pay all of them at once.[/QUOTE]
Thats's Right bono! Also, its easy to plan and splurge yourself in loans. But when the paying time comes you are really in deep trouble. You should always save money
for emergency purposes.
[QUOTE]1. Do not perform your services or provide your goods until an agreement is actually reached. This may sound simple, but many companies find themselves embroiled in a disagreement regarding payment once they have performed their part of the agreement.[/QUOTE]
Eh, yes. Agreement is important in first thing you need to pay attention. Some peopel take easy about that and never look out about that. Sometimes, that agreemen not really good with your condition. So, better you read carefully and never involve with any company with have bad reputation.
