Why is it good to be a good payor?

Question

No one is exempted not to borrow money in time of emergency. And to maintain a good debtor or borrower is to be a good payor by paying loan on time.

Do you agree with that? 

Answer 1

Of course. That should be common etiquette or courtesy that when you borrow or loan something be it money or an item, to a friend or lending company you are expected to return or pay it on time. That is how it should be.

Answer 2

It has something to do with reputation and creditors will trust you.