Lending Money

[bharath]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

 

[JennyorAlice]

I usually don't borrow money from other people. It's other people who usually ask to borrow money from me or my hubby.

As far as a company lending us money, we have a home loan and a car loan.....if that counts.

 

[Lämmchen]

We currently only have 2 auto loans and I don't foresee us getting any future loans. We try to look at the interest we're paying on the loan and determine if it's better to pay that loan off or if the percentage is so small it's better for us to have the loan. The auto loans don't have a high interest rate so it makes sense to not pay off the vehicles right away.

With our home, we found out that we were at the point where we couldn't deduct the interest on the mortgage anymore for yearly taxes so we used money from an inheritance to pay off that mortgage. It was a wise decision for us.

We try to always look for a loan that doesn't give us a penalty for paying off early.

 

[jyy]

I have maxed out on loans etc.. from banks and from Pay Pal credit. Thinking back, it was very foolish. Nowadays I sure need that money!

 

[Claraviolet]

I don't usually give out money to others, as if it's some loan. I do give money to people when they need it..like my collogues etc.,

I don't usually ask them to return the money and most of the time, they do return it. Sometimes though, they wouldn't and I wouldn't bring that topic again. If the amount is too huge, let's just around 10k INR, then I would tell them that I can't afford to lend them, so much. It's better not to deal with money related matters, when it comes to people you work with.
It will just get awkward later, if they keep on forgetting to return the money and all. It's just a messy business, in my opinion.

 

[Deleted member 403]

I don't usually lend out money to family, friends, or colleagues at work purely because of the financial risk it imposes. I try to avoid loans as a whole, due to the interest (APR) companies charge monthly. It's a rip-off.

 

[Nerdface]

I was generally pretty good with money until the last few years where temptation got the better of me.. I ended up amassing about £3000 on a credit card with pretty high APR, and was only repaying the minimum amount so the debt wasn't particularly reducing much.

I decided to do something about it last year, and took out a personal loan of £10,000 with low APR to consolidate both the credit card debt, and the finance on my car. My monthly payments are much more manageable and gave me a bit of space to breathe again..

 

[Joshua Farrell]

I've been timid on lending money out, as my family has never had many successful stories of getting the money back.

 

[vest1992]

I did borrow money, never got them back, all that I know is that I helped someone when they needed the most, i think that is more important.

 

[Vladv26]

Sometimes i ask for loans, sometimes i give loans but I'm talking only about small amounts of money that don't affect me that much. It dangerously to take a big loan from a company because you never know when you are going to be able to pay it back and interest might grow very high

 

[Kris_Cooper]

I can lend not a huge amount of money , but you should be very careful before lending out your hard earned money.

 

[Abigael]

I do take loans sometimes. I have a good mobile money account that gives me a loan whenever I need one and the more I pay back, the more my limit gets increased. In the past, I used to borrow from friends and family but I realised that it causes rangles whenever I am unable to pay back on time. So I decided to just depend on my phone for that and grow my limit. I have also learnt to only borrow when I have a plan on how to pay back.

 

[Niftyyem]

I only lend out money that I can give out so that in case it is not paid back, I wouldn't be too affected. I try to avoid taking loans because owing gives me sleepless nights.

 

[Anis Boukezzoula]

I had bad stories unfortunately with this topic, for me I never borrow any $ from anyone till this minute.
But what happend to me is that's I am a good person, I borrowed 300$ to my close friend but at last He didn't return it to me.
I was so sad and confused about what I do, I can do something bad with him but when I remember that's he is a close friend I feel more terrible.
I told him to stop this friendship because you didn't respect me anymore with this action and that's the end.

 

[TopSilver]

I personally would try to avoid using credit cards or loans. I would use a debit card if I had the cash already and was simply debiting it from an account I had. I wouldn't want to give myself bad credit or get into a pitfall where I was in debt and couldn't get out. My family had terrible credit for the longest time and my mother recently was able to restore her credit and make it better, allowing for us to move into the house were in from about 5 years ago.

 

[WhiteHouse]

I only borrow money to my friends and someone I trust can pay me back.

Only borrow someone what you can dash, don't depend on it. If you understand.

 

[Josemendez]

I try as much as possible not borrow funds because it makes one to earn little or nothing after paying back the loans .

 

[Kamon c4]

Most time I don’t fund business with loan but I borrow from friends when there’re emergencies

 

[bizman]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

The word you should have used is "borrow" and not "lend". Please be clear about what you writing. If you don't know the meaning of any word, you can always see a dictionary.

 

[Ehizzy1]

I have borrow money from my friends before but it was very hard to payback because my business wasn't booming then

 

[Niftyyem]

I once lent money to a friend who till today never mentioned it not to talk of paying back. We remain friends but I won't be having money dealings with him.

 

[Joshua Farrell]

Honestly, there have been plenty of times, just in my family alone, that lending money to family and friends wasn't the best of thing. Figured, if I can't get the money back eventually by verbal agreement, it would be better to have even family sign a contract; as contracts are enforceable by court, if it ever has to be brought there.

 

[Nurudeen]

For me, I only give out money am able to loose to family and friends. I borrow and never expect to get it back because one of the things that causes friendship failure is money

 

[bizman]

We try to always look for a loan that doesn't give us a penalty for paying off early.

That apart, you should always go for a loan only when it is absolutely necessary and not because someone is ready to offer you a loan.

 

[gammarays]

I try to discipline myself now not to get involved with loans. Interest rates are high coupled with inflation. It leaves you stranded most times.

 

[Ehizzy1]

That is why most times i don't borrow anyone money like that , i will first confirm if he is going to payback or not

 

[Sariana23]

Once I applied for a loan, and the experience was not pleasant, I paid in less than the expected time and the interest consumed more than 50%. But I never did it again. so I don't recommend it

 

[dogmatic_p]

Lending money comes with high risk of payback. So it's advisable to lend to people that you can vouch for Yona certain degree.

 

[chicnthin]

I dislike the idea of borrowing money to anyone. However, there are times that we have no choice but to ask for help financially. We normally borrow money to some relatives. As much as possible, we avoid taking any loans from a bank, never been and hopefully never will.

 

[Nma]

I try my best to live within my means of livelihood so I don't borrow from others..... most times people come to me so that I can lend them money but if they do not have tangible reasons I don't grant their requests.... most times people fail to return the money you lent to them and when you start disturbing them to pay back they tag you a bad person....

 

[MastetG]

Borrowing funds to pay start-up costs benefit business owners because theydo not have to rely on personal credit, savings and credit cards to fund newbusiness purchases. Borrowed fundseliminate personal financial risksbusiness owners take on whenstarting a new operation.

 

[kayode10]

I raise capital for my business from my immediate family member.

I gave them a convincing plan on how I am going to return the money at the stipulated time. I work assiduously to pay back according to plan.

Also I make sure I don't borrow huge amount from few, instead I borrow little from lots of them.

Most capital companies demand lots of collateral which I can't provide that is the reason I don't approach them.

 

[Life drama]

Before you lend money from someone or from bank you must make sure you have a plan for your business and life,the first money I lend helps my buisness flourish up to date lending money is not the problem but you must have a good of the money so that you won't go back to square one

 

[Kinglegend01]

This is the big problem with borrowing, once you start it very difficult to stop. You will become addicted to it. That is why I dont borrow money to family and friend, initially they call me a stingy fellow but with time they understood my idea. It not like I don't help them at all, if I can I would help out but i dont borrow them. Maybe the major reason I dont borrow people money is because I do have a really hard time requesting it from people and people take advantage of this alot.

 

[Ridorz]

I do not borrow or get loan from anyone of relative either family members or friends. Because I would not well sleep if I owe someone a money. But people usually borrow money from me, some will return it on time And some will not, they will be expecting you to be ask hem before they give you.

 

[Gilead]

I actually borrow money that i know i can pay back at a specific period of time. Anytime i lend money out to family members or friend i don't usually expect the money back as i know its probably not coming back

 

[Aniwhyte]

It is not advisable to go to a money lender to acquire money as paying back might be an issue for you most especially if you didn't invest the money very well, I had never done this and would never no matter my predicament

 

[Success05]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

I do lend from a friend or family members because their interest rate is usually low and I don't need to give them any collateral while the financial institutions will require such nd spilt the funds for you.

 

[maventiger]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

Personally, I can't venture into paydayloan business because I always find it hard to get such money back with series of failed repayment date. Although, the institution into such businesses will have high returns on profit.

 

[btaliat]

I have borrows before and I can only borrow from relatives or close friend but never on any of those money lending applications. I saw their texts defaming a friend of mine that borrowed and defaulted. I was ashamed to call the guy my friend after reading derogatory remarks about him.

 

[Monarehman]

In my opinion we shouldn't lend and borrow money to anyone because it is easy to take and when the time comes to return the money it makes hard. We can take from bank as a loan because we know we have to pay them at any cost.

 

[Sariana23]

I try my best to live within my means of livelihood so I don't borrow from others..... most times people come to me so that I can lend them money but if they do not have tangible reasons I don't grant their requests.... most times people fail to return the money you lent to them and when you start disturbing them to pay back they tag you a bad person....

It is the most correct, to live within our economic possibilities and try by all means not to make loans. When we accept the economic situations of third parties and we try to help, we generally end up without the return of capital or with enmity from people who do not want to pay.

 

[Adexgrace]

When it comes to lending money it really a way of helping each other needs but a lot of people have failed those who borrow them money therefore making it difficult for people to want to lend out money out to people.

 

[Emmanuella]

I don't lend money from banks or company because of the interest rate and sometimes the collateral, I'll rather lend from a family member or friends because these ones may be considerate in case o don't meet up to pay back before the given date

 

[Kennysplash]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

Loans is a last resort, which I always hope that I won't ever need to resort to. Loans have a high interest rate, and nothing like sympathy if you fail to repay on the due date. I try to keep my life simple and stay away from loans or even borrowing from others.

 

[Snobar Bilal]

I lend some money from my friend in my difficult situation and i return this amount to her at my promise date .I also borrow money to my friend relatives in their difficult time but never return back.I think its not necessary .I like to helping the peoples in their difficult time.

 

[Dorcey]

I wished I could get a loan to fund my business because I really want to expand it and re-brand it but couldn't get someone to lend me the money

 

[Mary]

Lending money is very risky, you have to bare the risk of loosing your money, at a point in time ,there are some people that are not faithful in repaying loans and sometimes to repay the loan might be affected by some circumstances

 

[Ltherman]

Lending should be giving out loans. If that's what you mean then i only give out what i can cover in terms of the loanee not being able to pay back on time or at all. And some of us may not have been able to loan people money anymore because of the shortconings we experience from them.

 

[Sincerem]

I don't borrow money cos I know no one will borrow me up to what I want. That's why I dig deep to save something tangible from my offline and online jobs. Instead people come to me, to borrow money and never pays back.

 

[Pirate]

The question is not quite clear, because it seems as if lending and borrowing were mixed up in the topic.
But, I dont borrow money, I try my possible best to avoid any circumstance that might cause me to borrow money, because I don't like to be in debt and at times it could be detrimental to ones financial Independence.

 

[Goodday]

Most at times l don't usually lend money out to family members and friends just like that. If l know a friend very well and I know that he needs the money for emergency or very good purpose, l give out the amount l can afford to lose and don't force him or her to pay me if he's not able to pay.

 

[westmania]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

I will not suggest to take loan orvlend someone unless he needs money really. And please do not take extra money from him. just to help giving and taling money should be same. I think earning is far better than lend or loan.

 

[MizzLala]

I personally don't borrow money from friends and family and don't lend it out AT ALL. I make do with what I have - SIMPLE. Whatever money I choose to give anyone, I consider it a gift. My husband and I decided ages ago, we'd just live within our means and struggle on our own. We once had a loan that we kept topping up, so there was just never an end to it. Then we decided to empty our savings account, pay it off in full and never again take out a loan unless it was for a mortgage. Best decision we ever made.

 

[Damscooguns73]

I can only encourage lending or borrowing of money or funds when only you know that you will have two or more ways to pay back your debt, if not, please don't go into lending and borrowing without having the mindset to return

 

[Jonaville]

Finance companies charge way too much interest on loans, so I would not want to go their way. Like the saying goes: if you can't solve a financial problem with 3 phone calls, then you need to change your circle of friends. I have friends that will be willing to help anytime I find myself in a situation that needs money to take care of.

 

[shakky2]

lending people money is an option and not a mandatory thing.if you feel you have the capacity to give out money you can do so but if you can't you can decide to borrow them as long as you have the impression that the person will pay back the money

 

[Ifective]

Lending money to family members can be difficult at times because there is always the familiarity in between when they want to pay back. Some ask for discount, some ask for a longer time to pay back. Some even wants you to forget the money because of family sake. The borrower of the money is the only one that gets favoured

Post automatically merged: Jan 22, 2021

Lending money to family members can be difficult at times because there is always the familiarity in between when they want to pay back. Some ask for discount, some ask for a longer time to pay back. Some even wants you to forget the money because of family sake. The borrower of the money is the only one that gets favoured

 

[Trojan8]

I don't think lending money is a good way to go. I have been there and I wouldn't suggest anyone takes that as a way of life because it limits you. You should be looking at getting something instead of wasting money paying for loan interests.

 

[Adebayonle7]

I honestly feel sad whenever i get in the situation to have to borrow from others. I do not do family members at all because in this part of the world, these are the last people you want to go to. Although they are supposed to be the first and best option for borrowing, but even if they do, they get back at you negatively. It is very very important to stay away from debt completely. A debt free life is a happy and peaceful one.

 

[Janita]

I never borrow money from the loaner and from the company because in returning it creates problem and somehow we don't like to return it.
I saw many people lend money and then they start business through lender..
People oy do those things which they like to do.

 

[BrolySSJ]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

Lending money is a very bad thing to do if you cannot be assured of a return or some sort for collateral that will be able to cover the loan in cases of emergencies and the user being unable to pay back the money. In my opinion lending money to friends and family is bad as well as they expect that this would be much more flexible and that the importance on the payback is not as high which can damage the relationship between people. Personally I don't;t lend out money and I don't plan to do so in the future as well.

 

[.V.]

For me to lend money, I will first investigate the borrowers background, what he does and his ability to pay back.
Lending money to an untrustworthy person is dangerous and it will only bring you a lot of stress.

 

[Eyiteepraise]

Lending money is something that happens frequently to we individuals but it has it's own disadvantages .like for example,you may not be able to repay the money you borrowed ànd it may cause conflict.

 

[Richard92]

Lending money sometimes is very risky, you need to be very careful with the kind of people you lend money to, before you lend out money you have to be sure of the person, most people ask for collateral form their clients just for authentication of the client.

 

[Kamon c4]

Well I do borrow from trusted friends only if I have guaranteed way to pay back. I don’t borrow and hopelessly waiting for miracle to pay back

 

[Abbas ali]

Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender.

Post automatically merged: Jan 22, 2021

Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender.

 

[Ralphjoe]

Well I have never borrowed money from someone before until I borrowed some money from a neighbour in which some people scammed the money from me. It has not been long ago that I paid back the money because I haven't had the money to give back to the person all these while, since then I have said that I won't borrow money from anyone again.

 

[Sake]

Yeah i do make give loans just on my family and sometimes people who i know that will pay me back on the day they promised to return my money, it started when i was just 14 years old i didn't made it a career or business. I just thought it's better to help them.

 

[Erik4150]

I think we should only be lending money to people we can trust. Don't ever lend money to someone that has a bad history of being a debtor. People like that will not pay up. People who have a bad habit of borrowing money all the time should be avoided too.

 

[Afrinish]

Leading money og the finances managment of . the all family member decide to the money of the environment of the home back to the hard work of the alla family member task completed of the most important not west your time

 

[Osaz96]

I have lent money from financial institutions twice, and till date I still lend from family and friends. I do not at all feel good when I do this because it makes me feel less of myself. I feel like those I ask for the money will have a bad thought about me and what I represent, I try hard to pay my debts fast sometimes I achieve that other times I don’t but I’m doing my best to stop borrowing.

 

[EMMANUEL]

Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender.

 

[Shivay]

I haven't taken a big loan till now. But i take some money from my friends to invest in business. The difference is that, Banks asks for interest but my friends dont ask for it. Thats why i borrow Money from my friends only.

 

[Thosynho]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

The best or easiest place to borrow money especially when you want to start a business is from family members or friends. This is because, these people will lend you the money without interest rate collaterals. Except you already have a running business before you should consider obtaining loans from financial institutions.

 

[Sammyesx]

Lending out money is risky especially if it is to someone you know, because of familiarity when they refuse to pay back you won't like to take legal action because of the ties between you and such person

 

[Adeyoola7]

Lending occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender. In other words, the lender gives a loan, which creates a debt that the borrower must settle

 

[Hassan14]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

I think we should never take a loan or if we start a business it is easy to take but it becomes very difficult to repay later so we should never take a loan. One is very foolish so one should never do anything by taking a loan.

 

[Alexandoy]

When I was younger we had a cooperative in the office that lends money to the employees at 1.5% interest per month. I usually borrow money from the cooperative and the installment was deducted from my salary. There was a time that my borrowings piled up that I had difficulty in paying. When I received my bonus it was only to pay for my debts. That was a lesson to be learned that now I have my savings at home and in my bank accounts so I never have the idea of borrowing money again.

 

[Yewande]

I've really been enlightened from the post. This platform has really given me the opportunity to learn and know people's views on matters like this. Much appreciation to the person behind the idea of this platform.

 

[Tmanroyal]

Lending money out to people isn't a bad idea,but don't lend out money you can't forfeit. Get legal agreement between the two parties, and if any one breaks the law.he or she will definitely face the consequences

 

[iamgroot]

Lending money is one of the not-so-good behaviour to adopt. It is difficult to save if you are in debt, so this is one of the priorities when it comes to handling money. Once you have paid off all your debts, you have the capacity to invest in other things such as insurance, business, and stock market.

 

[joy101]

I don't like taking loan or lending it to anyone because is very risky, some people will like to lend money for some people but paying back will be a problem, that is why I avoid talking loan or lending to people.

 

[Kiwi]

I try to avoid taking loans because owing gives me sleepless nights. I try as much as possible not borrow funds because it makes one to earn little or nothing after paying back the loans. Only borrow someone what you can dash, don't depend on it. If you understand.

 

[ronaldlorenzo01]

Some financing loans offer high-interest rates for my experience HOME CREDIT. I think offers an 8 percent of the charge monthly. When it is not important do not loan for such a reason.

 

[Deleted member 6735]

I don't borrow money from family or friends. Life can have unfortunate events and I do not want any animosity between family or friends if I can't pay them back when expected. I have loaned money to friends and family, but I have been recently burnt on $6000 that I loaned out to someone. Because of this, I no longer loan large amounts of money to anyone. $20? Sure. Pay me back in a few days. I won't lend more than that now as I have been burnt.

 

[Nicklas22]

Lending (also known as "financing") occurs when someone allows another person to borrow something.money property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender

 

[Me0w]

as much as possible i dont like giving a loans to someone, likewise, because im too shy to ask. and they take easy on you when they are family members or friends who loans on you that is why i dont like giving loans .

 

[Usman Sattar]

Man borrows to meet his needs,If a person walks with his pocket in mind, he does not have to borrow.However, due to some worries in life, you have to take a loan.That's why people take loans on easy terms Ajkal Bank's interest rate is very high,That is why people are mostly borrowing from other institutions.

Post automatically merged: Jan 24, 2021

Man borrows to meet his needs,If a person walks with his pocket in mind, he does not have to borrow.However, due to some worries in life, you have to take a loan.That's why people take loans on easy terms Ajkal Bank's interest rate is very high,That is why people are mostly borrowing from other institutions.

 

[Bilal0087]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

I don't consider it wise to buy anything from borrowed money, because it is not wise to fulfill your wishes and desires by lending money from others.
if you really want to buy something work very hard with full determination and earn money and fulfill your wishes with your own money.

 

[Adventurer]

Do you lend money from someone or from a Finance Company? I started to lend from family members and now went into finance company for having a loan. I am looking to close all those things in the coming days to spend a new life.

It depends on what you lent money for, it's it for an investment it's not a bad idea, since most businesses take loans at their inception but if it is for your day to day needs them that's not so good, before long you'll find yourself having to take a loan over and over again and this will affect your income because you'll be paying interest

 

[Trojan8]

I really don't subscribe to that school of thought. While I understand that people can be really mean especially when it comes to money issues. I don't see the need to make others suffer because of bad experiences. If you have family members that need help and you can help please do. Life is too short to start making others pass through pains because it happened to you.

 

[Shoaib5600]

I like to helping the needy and poor people. And I think lendig mony is the best way to helped them. Its only my openion you people can neglect my opinion.

Post automatically merged: Jan 24, 2021

I like to helping the needy and poor people. And I think lendig mony is the best way to helped them. Its only my openion you people can neglect my opinion.

 

[Quert]

I prefer to lend money from my friends or relative, basically if I lend money from a finance company Maybe I would end up also paying from a great interest. And besides my friends or relative can understand why I cant pay on time in case im having another financial problem.

 

[Richmond funke abosede]

I can't borrow money from anyone or borrow from a company because I may not pay it back,I dnt like to borrow people money, Borrowing people close to you can lead to not collecting the money back from them,I prefer borrowing outsiders to as to know how to collect the money back,I can take legal action if you don't want to pay back

 

[Adegbindin deborah]

Lending occurs when you allow someone to borrow something you see whenever l borrow someone money l will add a little to it .if you are on the lending side that is if your dear nephew comes asking to borrow money it can be hard to refuse a family member and not to talk of add to it.

 

[Lekan]

I don't use to lend people money because, people don't use to fulfilled promise .it is bank I use borrow money and they will return it exactly when they promise and they will be interest in it .

 

[Nomad]

I sometime lend money to friends and family in a hope that someday I can burrow from them. Lending and burrowing from friends and family is a two way process and it has worked for me. I have also burrowed from a bank to finance my business.

 

[Ibrahim]

Oh yes I do that alot and it's really affecting me lending money because the interest really killing me seriously and am also looking forward to also stop lending money from and financial company but I don't lend money from family or people any more because I don't like someone thinking or knowing whats happening in my home or to me

 

[eenya00]

Taking loans for lifestyle or emergency is not really advisable on the long run because it would plunder you to be more and more dependent on taking more & more loans to offset your previous loan obligations, before you come to realize you have become neck deep in debts.