The fact that my tradesman is out of pocket by me is to be looked at through the serene certainty that somebody else's tradesman is in pocket by somebody else; and since there must be bad debts
in the world, why, it is mere egoism not to like that we in particular should make them instead of our fellow-citizens.
Global Banking News-December 9, 2015--Indian banks might not meet bad debt
clean up target in 2016
Chief inspector of the central bank, Nguyen Huu Nghia, said in Hanoi on 28 May 2014 that buying bad debt
from credit institutions had been slow in the past time.
Now the bank's main business is operating in profit, but it had to write off a significant amount of bad debt
, mostly due to loans in the property sector that will never be paid back.
Using that definition, a car loan would be considered bad debt
Lloyds said it saw a significant slowdown in the level of bad debt
charges as improving economic conditions help borrowers on to a firmer footing.
THE scale of the credit crunch and the anticipated downturn in business is illustrated in a big upturn in companies seeking protection from bad debt
It merely requires an understanding of the relationship between front-end resident screening and bad debt
collections, plus a company-wide "credit culture" commitment to ensure credit extensions are consistent with strategic portfolio and risk-management objectives.
Almost three million credit card applications have been turned down in six months as providers get tough on bad debt
, it was claimed.
The bank has been hit by bad debt
charges of pounds 5.
The inference is that, had the taxpayer specifically identified an allowance account (or portion thereof) as offsetting the bad debt
in question--as in Brandtjen & Kluge, Inc.
When we get bad debt
, that's our tough luck,'' Mucek said.