The truth is that you might always lend out money especially if the person asking for it is either a friend or family but you need to take precautions because you might never get back such money. So I prefer to always loan out only money I can forget about if the person doesn’t pay back. What do you think?
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You're right bro, lending out money to friends or relatives is always difficult and hard to get it back. In this way, i think the best way to lend out money is to tell them that money they borrowed doesn't belongs to you, you can fake that in order to get your money back easily. Why I'm using this tRead more
You’re right bro, lending out money to friends or relatives is always difficult and hard to get it back. In this way, i think the best way to lend out money is to tell them that money they borrowed doesn’t belongs to you, you can fake that in order to get your money back easily. Why I’m using this trick is that, when they have in mind that it’s someone’s money not urs, i think that will always push them to pay back in time. How do you see this idea? Is the answer helpful?
See lessLending money can be a way to earn interest and help others meet their financial needs. But, it is important to lend with caution to reduce risks and ensure a positive experience for both parties involved. Therefore, before lending money, assess the borrower's credit history, stability of income, anRead more
Lending money can be a way to earn interest and help others meet their financial needs. But, it is important to lend with caution to reduce risks and ensure a positive experience for both parties involved. Therefore, before lending money, assess the borrower’s credit history, stability of income, and general financial situation. This can help you know the borrower’s ability to repay the loan taken.
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