Types of Debtor

Cooperative Debtor
Chronic Complainer
Politician Type
Uncooperative & Indifferent
Paranoiac
Belligerent / Pugnacious
The Elusive Type

COOPERATIVE DEBTOR
This kind of debtor
frequently passes sleepless
nights trying to find ways
and means by which they
could discharge their
obligations soon, if not
soonest.
They do not constitute
much of a problem to bill
collectors.

Chronic Complainer
Debtors who has
repeated and
nevertheless baseless
complaints from
creditors.
They are designed to
serve as a smoke
screen for their failure
to meet their
obligations on time.

Politician Type
This type of debtor
does not deny the
existence of his
obligation which arose
from previous
transactions.
This type has a
number of reasons
kept under his sleeves
which explain why he
cannot pay on time.

Uncooperative & Indifferent

This type does not pay
on time, not because
he cannot pay but
rather because he
finds it difficult to part
with his money

Paranoiac
They make it appear as if they
are wallowing in wealth
although in fact they are hard
up.
They enjoy talking about
things that will help to inflate
their ego.
They keep on promising that
they will settle their
obligations although the
questions that remains
unresolved is -WHEN?

Belligerent / Pugnacious
These are individuals
who think that society
owes them a living.
This type of debtors
whenever reminded of
their existing
indebtedness,
becomes haughty and
arrogant and moreover
challenge the bill
collectors to a fistfight.

The Elusive Type

This creditors are
elusive as an eel.
It is hard for the bill
collectors to find them
in their offices or in
their homes.

According to Paying Habits:

Prompt Payors
Delinquent Debtors
I. Fair Credit
II. Slow Credit
III. No Good Credit

Prompt Payors
This group consists of
individals and business
entities that are
conscious of their
financial obligations
which they discharge
promptly without the
need of being
reminded about them.

Delinquent Debtors
are not merely a poor
prospect for further
business ; he is no
prospect at all.
He will shun the creditor ,
if only from a sense of
personal embarassment.

Types of Delinquent
Debtors/Borrowers
I. Fair Credit
a. Careless borrower merely needs reminding
regularly.
b. Complainer - he has
grievances after he falls
behind.
c. Unforeseen Problems
- unemployment ,
shrunken income,

II. Slow Credit

a. Poor manager of his finances , over- indebtedness.
b. Marital Problems - may quit his job, skip, or hit the bottle.
c. Coward - afraid to face the creditors.

III. No Good Credit

a. Lives beyond his income.
b. Gypsy - in residence or
employment.
c. Crook - directly
attempting to defraud.