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How can i avoid from being owing
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Ibiam hi. There is not a shortcut or right simple answer for this topic and will depend on aspects such as local culture, country laws, businessperson mentality, type of business, and so on. However, in general, keep in mind some of the following ideas. Learn your rights and obligations, as well as your customer's equivalents. "Interview" the credit requester and ask the right questions. Document everything. Have a good initial filter for selecting debtors (credit reports, references, job report, co-signing / collateral process, contract, etc.). If debt collection becomes an issue try to communicate personally with your client in a friendly manner. Evaluate rationally the situation and see if you can offer options / incentives for payment, or settle for less. Consider pros and contras to pursue legally the infractor, or to right off the debt. Use a collection company when necessary. This is not an exhaustive list of actions, only examples. In any case, I am not an attorney and you should you to talk to one of them for orientation and assistance. I wish you the best.