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Tuesday, August 3, 2010

Unpaid Loan

In our desire to help people who are in need, we extend personal loan without collateral, in the hope that they would pay it voluntarily.In most cases, the debtor, tries to avoid the creditor. The world gets smaller and smaller for the debtor. On the part of the creditor, when the need for that money comes to him, it is difficult to run after the creditor.

This is a wise advice for the creditor from Denny Lyon:

If you lend someone $20 and never see that person again, it was probably worth it.

Visit Denny's blog at:
http://thesocialpoets.blogspot.com/2010/07/funny-brain-quotes-cheeky-quote-day-28.html

For the debtor, this is my advice:

Pay whatever you owe to another person, or a company, big or small, settle it.
The Bible says :
Romans 13:8
Let no debt remain outstanding;except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.

1 comment:

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