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
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.
bad debt is the portion of receivables that can no longer be collected, typically from accounts receivable or loans
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.
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.
by Dane Swanson5 months ago
What is the difference between good debt and bad debt? Any examples?I realize good debt is reported to increase your net worth. Debt is debt, isn't it? Why call debt good when you don't have cash flow?
by I F Khan3 years ago
Can we expect any MIRACLES? Can God Pay All our debts?
by Kas5 years ago
Have you killed the debt monster?Is there still debt in your life?
by Credit Comedy2 years ago
Has any one found out that you didn't get a job because of your bad credit?
by Gary Anderson6 years ago
I have been watching the Yahoo boards and people are furious at the Republicans, especially the Tea Party. They are getting the lion's share of the blame for the debt downgrade. Here's why:1. Obama wanted a grand plan....
by vons_setter175 years ago
im mean..if the business have a debts. and business become bankrupt. who will pay for the debts?? iswho will pay?? why??
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