Taking Stock – Creditors wait for divine intervention.

‘I’ll pay you when God tells me to,’ is one of the more bizarre excuses businesses use to avoid paying their debts, a new survey has revealed. According to research from the Credit Services Association, companies have even claimed their director has been shot or has dropped dead. One business even told a creditor that once a month all of its debts were put into a hat, and if he continued to call he would never make it into the hat. The favourite excuse among the commercial sector was cashflow problems with ‘you’ll get paid when we do’ a familiar phrase. The consumer sector tended to use excuses based around life stories, usually related to illness or relationship problems. ‘We can anticipate most of the excuses,’ Stephen Lewis, CSA president said. ‘But being told a creditor would only be paid with divine intervention leaves even the most experienced debt collectors flummoxed.’

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