Comments on: Why Bad Debt Must be Paid Off First

By: Bad Debtor

Bad Debtor — Sat, 12 Sep 2009 14:50:07 +0000

Till now i was not having any idea about the Bad Debt and good debt, (both was same in my mind), Now I want to select my bad debts and reduce them first.

By: Tyler Perry

Tyler Perry — Sat, 12 Sep 2009 02:09:27 +0000

Bad debts will not give us anything otherthan more “Debt”, so it’s a good idea to avoid then from our businesses. Thanks.

By: Roma

Roma — Fri, 11 Sep 2009 06:27:01 +0000

You are really correct, I also supports your view, At first we want to differentiate between bad debt and good debt. The we can payoff bad debt first.Thanks.

By: Josie

Josie — Tue, 08 Sep 2009 16:42:02 +0000

Yeah, we want to care much for high interest rate debts, otherwise it can make our business imbalanced, Some good debts are also there.

By: Debt Settlement

Debt Settlement — Tue, 11 Aug 2009 07:27:43 +0000

I think the best to way pay back bad debts is to have an idea about good and bad debts.This will help you to find the debts with high interest rates.

By: gomathi amma

gomathi amma — Tue, 11 Aug 2009 07:25:43 +0000

Bad debts can increase to any extend.They will increase by many percentages in just one month.You must have to try hard to avoid them.

By: Julia

Julia — Mon, 10 Aug 2009 10:40:39 +0000

Debts with high interest rates can really harm us.They should be paid back as early as possible.Else they will increase and will cause more problems to us.

By: Stacy

Stacy — Mon, 10 Aug 2009 10:39:03 +0000

What is the criteria of dividing debts into these two groups? I don’t really know.Can anybody please answer to this here.

By: Bobie Murillo

Bobie Murillo — Sat, 08 Aug 2009 08:24:19 +0000

Bad debts can increase rapidly.You must have to make sure that you are not in such sort of things.If you are into these things,try to contact some debt consolidation programs.

By: Kim Eckoldt

Kim Eckoldt — Sat, 08 Aug 2009 08:21:47 +0000

Debts can kill if it is a big one.If there is added interest on your debts, that will be like adding salt on to the wounds.Try to pay them back as early as possible.