9 Tips On How Do Deal With Creditors In Your Personal Or Business Life.

When the wolf is at the door.

Muchina T.K


It happens to most of us at one time or another. It could be due to a struggling economy, mismanagement of funds, sickness, emergency home repairs, medical emergencies, the loss of a job, or a myriad of other reasons that could set our financial situation on a downward trajectory or even wipe us out financially.

When there isn’t enough money to go around, financial issues dominate our thoughts causing worry and uncertainty which results in stress. If we’re not careful, this challenging situation can also tarnish our shiny reputation with creditors, bankers, or even friends and families who stepped in to help.

I’ve been there. Maybe you’ve been there. I know the feeling of frustration and embarrassment. When you’re powerless to pay your bills or your debt, you just want to bury your head in the sand.

Photo by Pixabay from Pexels:

I highly DO NOT recommend it. The consequences always end up being worse than confronting the issue head-on.

So, instead of doing that, let’s create a system to help you deal with this (hopefully) temporary ordeal.

Tip #1: Be Proactive:

In my experience, people may forget that they owe you money, but they never forget when you owe them money.

Whether you owe money to the bank, the department store, or your mother-in-law, when it’s due and you can’t pay, don’t wait for them to call you. Make that call first. I know it’s easier to just “let it be” and hope they’ll forget and extend you some more time but that only makes you look untrustworthy and unreliable.

Tip #2: Be Reliable:

Keep your word. If you know for sure that you’re not gonna have the money on Friday or next week, don’t tell your creditors that you will. It’s so much better if you tell them the truth, however hard it is than to lie just so you can get them off the phone.

Tip #3: Be Humble, Apologetic, and Calm:

If your creditor is pissed off and goes off on you, don’t react. Sit quietly and listen. They have the right to be unhappy so just accept it and remain calm. When…



Muchina T.K

I question everything...and then write about it. I'm probably not going to help you "make money writing." But I might teach you a thing or two ..or not.