What are the different types of debtors?


The different types of debtors are as follows:

1)      Careless Debtors:

He is the one who forgets to pay unless he is reminded to pay. 

2)      Reluctant Debtors:

He is the one who will not pay until he is forced to do so. He is always ready with excuse for not paying.

3)      Installment Debtors:

He is a type of debtor who piles up large sums of credit and then sets about meeting his obligations in small installments.

4)      Good-Risk Debtors:

This type of debtor pays his debts even before they are asked for. He can be called as “gilt-edged debtor”, like a “gilt-edged security”.

5)      Poor-Risk Debtors:

This type neither has the capacity nor capital to pay. He is constantly over-trading and short of funds. Such people should not be given credit.

Like it? Share with your friends!

BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected].


Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140

Facebook comments:

This Website Is For Sale. Email us an offer we cannot refuse on [email protected] :)