If you owe someone money, you have to give them a particular amount of money because you have bought something from them or have borrowed money from them. Money that you owe is called a debt. A term used in accounting, ‘creditor’ refers to the party that has delivered a product, service or loan, and is owed money by one or more debtors. A debtor is the opposite of a creditor – it refers to the person or entity who owes money.
Now that you know all that, you should know that paying your debt isn’t just giving back the money you owed a person, but earning their trust whenever there is an emergency to know if they should to lend you next time or not.
The experience of this Netizen is somehow relatable and something that we’ve all been through. She posted this conversation to ease the rage of disappointment to her Best Friend.
Borrowing money from a friend or family member is a very risky business. Once you borrowed money from a loved one, you change the dynamics and shift the power in the relationship. People have different attitudes about money and while one person may be forgiving when you can’t repay them, another may hound you until you pay up.
If you’ve borrowed money and you can’t pay it back, the important thing is to preserve your relationship until you’re able to repay your debt.
Here are the netizen’s comments: