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What are Bad Debts?

  1. ngureco profile image83
    ngurecoposted 8 years ago

    What are Bad Debts?

  2. Kadmiels profile image54
    Kadmielsposted 8 years ago

    There is a world of finacial people out there that struggle more and more everyday to pay off debt. Here are some tips on getting rid of that debt quickly read more

  3. guidebaba profile image57
    guidebabaposted 8 years ago

    You are a businessman. You sold products on credit. Later you did not get your payment and there is no hope to get the payment. This is BAD DEBT.

  4. profile image0
    margareteposted 8 years ago

    bad debt is the portion of receivables that can no longer be collected, typically from accounts receivable or loans

  5. Caleb Anderson profile image59
    Caleb Andersonposted 8 years ago

    Bad debts are any debt you cannot easily payback within a reasonable timeframe. Nobody wants to get into a lot of debt, but if you are starting a business and can utilize your credit to make more money then those would be considered good debts.

  6. ShawnS. profile image59
    ShawnS.posted 6 years ago

    A bad debt is money owed to you that you can't collect.
    Bad debts occur when you provide products or services on credit. While some customers just need more time to pay, others (hopefully a small number!) never will, and the income from the sale is never realized.