Five reasons to get rid of your debts

September 15, 2020

1 min read

1. Because it’s your obligation, your responsibility, and your duty

You have consciously enjoyed a certain amount of money borrowed to you by a third party, so it’s your obligation to proceed with the refund of that amount under the agreed terms. How would you feel if your son or daughter borrowed a toy from a friend and didn’t return it?

2. Because we are not alone in the world

For every person who owes, there’s someone who expected to receive and didn’t receive it. Failure to keep your commitments has a negative impact on the lives of others. How would you feel if you didn’t receive your salary as supposed?

3. Uneasiness

Having debts leads to constant unrest and uncertainty. You know that at any moment, you may be surprised by an unpleasant and unplanned situation (pledges, court presences, execution officer visits and others).

4. Image before your family and friends

The maintenance of a default situation will be publicly known sooner or later. Do you want to be known as someone who doesn’t fulfill your obligations?

5. Credit

Applying for a credit for the purchase of a house, a car, or even household appliances, is common. Only a clean record in the payment of your debts provides the possibility of getting bank financing when it’s necessary.

Carlos Correia

Head of Collections