Some excuses that people use for not paying their debts – find the truth
There are many business people who claim that one of the most difficult things for them is that they have to face bad payers. There are clients who claim that they are not able to pay for their debts, but experts say that in the majority of cases they use just some excuses. Thus, here is a small list with some of the most common ones which are usually used by this type of clients and the reasons why you should stop believing them.
“I cannot pay the money right now because I have problems with my finances”
Everybody has problems with finances, from time to time. But when you sign a contract, you should know exactly that if you are late when it comes to paying for something, you will have to face the consequences. The same rule applies for those who refuse to pay you. Thus, if you do not ask for your money back, you will end up having problems with your business because in the majority of cases, it depends on this money.
“I have a family to feed. I cannot give you back the money. Let me pay them back next month”
Bay payers are always trying to use the emotional part for making you let them pay later. But do not you have a family too? Does it have to be fed? Do not let them manipulate you. But if you consider yourself a sensitive person who can get easily impressed when it comes to such things, you should look for debt collection company London. This can prove a hassle-free experience which will make you avoid emotional-consuming experiences. Not to mention that they will be able to work faster, thanks to their experience. By using methods like negotiation, debt collectors can make the others give your money back sooner that you may imagine. Not to mention that some of them do not ask you to pay if they are not able to recover your money.
“My company went bankrupt. I do not have the money”
This is the best excuse that debtors use for getting rid of their financial problems, including the debts that they have to pay to you. In case you do not have the legal knowledge, you are not able to figure out how to recover your money. Thus, you should know that there is a statutory demand. In case you think that things are too complicated for you to handle, you should let the experts do their job, while you can do yours.