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Asked: September 16, 20232023-09-16T21:00:34+00:00 2023-09-16T21:00:34+00:00In: Money & Business

What grace period will make a debtor take you for granted?

Some creditors are so merciful while some debtors are just too wicked. How much grace period can you give a debtor before he or she takes you for granted?

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2 Answers

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  1. Augusta
    Augusta Enlightened Mentor
    2023-09-17T11:56:10+00:00Added an answer on September 17, 2023 at 11:56 am

    yeah I want to first agrree with you first that some debtors are just wicked because it can be annoying that some people would just want to owe you for life even when they have the means of paying back but they might just want to keep on dragging on For a long time. I think a creditor should give aRead more

    yeah I want to first agrree with you first that some debtors are just wicked because it can be annoying that some people would just want to owe you for life even when they have the means of paying back but they might just want to keep on dragging on For a long time.
    I think a creditor should give a debtor a reasonable repayment period maybe 4 weeks depending on the level of the business transaction but it shouldn’t be too long to avoid the debtor taking everything for granted

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  2. monster_masterpiece
    monster_masterpiece Newcomer student
    2024-04-24T08:33:28+00:00Added an answer on April 24, 2024 at 8:33 am

    It depends on the financial situation of the other person. Some persons could pay in time and have no problem paying the debt. If someone becomes unemployed then it will be unable to pay back debt until finding a job. Insurance does not include paying back debt if the person is still alive but if heRead more

    It depends on the financial situation of the other person. Some persons could pay in time and have no problem paying the debt. If someone becomes unemployed then it will be unable to pay back debt until finding a job. Insurance does not include paying back debt if the person is still alive but if he is dead for example. This will make the situation more complicated especially if this person has debt from more than one person and then is unemployed in the same time. You could then postpone debt for small portion or help him find a job to pay back you.

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