Psychology of Debtors and How to Earn Your Money Back

There are three types of debtors.

Photo by Andrew Moca on Unsplash

What’s in the mind of a creditor, why do people lend money? They must be loaded. Well, lenders have their motives, mostly to earn the compound interest, sometimes to claim dominance over someone, sometimes just out of sheer sympathy or humanity. Whichever the intention is they know the risks.