Cover by the @steem4nigeria |
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Greetings dear friends how are you all doing today I hope all is well and you all are in good health and enjoying your day? Thanks for stopping by my blog today.
Which I will be taking part in the steem4nigeria accelerator contest which comes with the theme "What is the best way to retrieve debt?"
What is debt? and how do you understand it. |
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Dept can be seen as an outstanding payment that a person is expected to return to a particular person, or it is otherwise seen as a borrowed money or anything that is expected to be returned as at when due.
Have you been indebted before? How did you pay back? |
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Yes many times I have been indepted before in ways beyond imagination and the biggest dept I'd ever owed someone was back then in 2017 I was young though I had finished secondary school but I mistakenly broke someone's phone and as a result of that I was asked to repair the phone.
As at that time I didn't have any money so I didn't know what to do but all thanks to my brother @radleking who stepped in for me and rescued me with the amount of money I needed, though he was younger but I don't know, he always manages to have solutions to almost every problem.
Have you ever regretted helping someone due to repayment approach from previous helpers? Share your experience. |
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Yes many times as well, I have regreted rendering help to someone as a result of previous helpers approach on repayment.
And in this case I'd help a friend of mine to make repayment and the agreement was that he was going to pay me back the money after some few months.
But trust me when I say this that up till now that he has not paid me back the money and he even refuses to pick my calls when I call.
What do you think is the best way to retrieve debt? |
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The best and the most proven to be effective ways of retrieving a dept is by keeping or collecting collaterals, yes just like bank when you keep collateral if the person refuses to bring back your money at the agreed date you can sell the collateral in exchange for your money.
Do you think problematic debt should be forfeited for the sake of peace? |
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In most case yes, I think it should be forfeited for the sake of peace to reign, because in most case it might get out of hand and possibly lead to tragedy, so for the sake of peace to reign it's base to be forfeited.
This will be the end of my entry and I will like to invite
@genomil
@wizzyboy3
@impersonal
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