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When you get in the Red

When you get in the Red

Brethren, I come in peace and may peace be with you. I come bearing tips on the appropriate behaviours to exhibit when you fall into debt.

Is debt a bad thing? Not necessarily. In business getting credit facilities usually propels the business to grow. Sometimes as persons we need help to meet some of the demands of life so we seek credit from family and friends. Congratulations if you get it, it shows you are credit worthy. Do not blow it by adhering to the following tips:

1. Always pay back promptly. Not a day more, so far as you have the money to pay back pay it back before being asked for it.

2. Always consider it a privilege that you are being given credit. Be humble about it.

In case you default
Sometimes situations beyond our control makes it impossible for us to pay up as at when due. Thankfully friends and family won't carry out a garnishee whatever on us and sell off our properties. That doesn't mean we should not act right, here are some guidelines on the appropriate way to behave.

1. Do not start beefing your creditors, it appears that when you have difficulty paying you start nursing ill feelings towards the people you owe. Don't give the devil a chance.
2. Do not go flexing and living large when you owe people. If you are sponsored on an outing post it in humility on social media.
3. Do not avoid your creditors. Don't dodge them.
4. Do not reject their calls or ignore their messages either.
5. Call and explain the progress you are making to clearing your debt periodically. Back that talk with real action.
6. End the experience on a good note.
7. Do not fall into debt again.

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