Without Power, Puerto Rico Is Cash Only
Just a reminder that anyone can issue credit. A composition notebook and a pencil is all it takes to keep record.1. Pay by the end of the month and it doesn’t effect me. No interest.2. Otherwise, 1% to 1.5% of the balance in interest month over month. You have to pay at least the interest every month.3. If I need to borrow, I can do it on the strength of my accounts receivable and my ability to collect interest payments reliably.4. If I don’t get payed back, I can take someone to court when things are back to normal and yes, the court will side with me.4.b There's always ways to create incentives to pay debts.It has worked this way for hundreds of years in parts of Latin America and other areas of the world with fluctuating infrastructure.