Optimal Finance Daily · Thursday, October 1, 2026
J.D. Roth advises borrowers and lenders to address any issues with loan repayments immediately. He shares his own experience of failing to address Joe's late payments, which led to prolonged awkwardness, and stresses the importance of not letting problems fester.
“Deal with problems right away. You may feel you're being kind by not sending a reminder that the payment is 30 days past due, but you're just setting yourself up for trouble.”
“This is where I failed with Joe. I didn't like reminding him to pay, so I went radio silent for several months thinking he'd simply man up. He didn't.”