Do you consider a bit by bit repayment or debts by a debtor to be useless?

[Fidelia]

So yesterday I had to settle a quarrel between my landlord and a co tenant. The co tenant said he doesn't have the whole rent to pay at once but she was going to pay bit by bit till she finishes paying. The landlord was very angry saying that the tenant paying bit by bit would not make the money useful to him.

Is it true that debts or any repayment being done bit by bit in installment is a waste to the recipient?

 

[King Belieal]

Most people have plans for their money and when they get it in bits, it makes no meaning to them. For someone that wanted to do a capital project, getting the money back in bits won't help him or her with that project.

 

[Augusta]

A lot of people have been saying this that getting Money back in bits is useless. It can be true especially if you wanted to do a thing that needs bulk money

 

[Fidelia]

It is wrong to make budgets for the things that you want to do using debts that someone is owing you. It is even better to be repayed bit by bit than not to lay at all.

 

[Suba]

In cases such as debts that are paid bit by bit, of course everyone will have different opinions, but personally I agree that if he can only afford it in installments, it means the debtor has good intentions to pay off their debt, he can leave valuables as collateral.

 

[King Belieal]

While it might not be very convenient for the lender, it would always be something that he or she has to manage especially if the financial conditions of the borrower is not really been that good.

 

[Starmix]

It's not a bad idea, however the landlord could add a small interest, but if not it's also better that way than escaping payment. There's should be understanding to the struggling debtor.

 

[Fidelia]

It's not a bad idea, however the landlord could add a small interest, but if not it's also better that way than escaping payment. There's should be understanding to the struggling debtor.

So many people don't seem to understand that people are really struggling. Adding n interest might compound the misery of the young man. Maybe, the landlord wanted to use the money for a project.

 

[kerryjoy]

Regarding situations like gradually paid debts, opinions naturally vary. However, personally, I concur that if one can only manage payments in installments, it's a sensible approach.

 

[Springtime]

If the debtor really cannot repay the debt the whole sum and propose to repay bit by bit, at least s(he) is not trying to escape payment. The borrower should discuss with him/her.

 

[Kross]

I really understand the people that see bit by bit repayment of huge debts as useless. The money might not be used to do anything tangible.

 

[eLdavis]

It depends on what the landlord wants to use the money for. I am pretty sure the landlord has need for the money, which is why he was upset about it.

 

[Augusta]

But it is still better than non payment it is still better than nothing which is good

 

[Kera]

I would respect someone that does their best to pay debts bit by bit. That shows they have the willingness to pay.

 

[Augusta]

The debtor may simply not have the financial resources to repay the debt, or they may choose not to pay, even if they could

 

[Min George]

I would accept a bit by bit repayment of debts than not have any repayments at all. A bit by bit repayment can be frustrating though.

 

[Augusta]

it might be as the money would no longer come in bulk but in pieces and you can't some thing big with it