1 agree on that. There are many borrowers blackmailing the person they owed. Many are charged of estafa and were charged by court. But those faithful can present a collateral and get it back after debt fully paid.
How often do you borrow loans from others?
- Thread starter Passiveearner
- Start date
I am that kind of person who does not like to take loans from people because I do not always feel good whenever I do such it is better for me to buy anything I can afford instead of taking a loan for it
I don't borrow no matter what! It is against my principles! I will prefer to go hungry than to take loan. Once I try to take loan, I find it difficult to pay back the loan and it real affected my peace of mind.
Getting someone to borrow you money is not a problem even in these days that we are mostly complaining that there is no money. The things that discourages a lot of people is that they don't get their money back when they borrow someone.
Personally, I don't borrow loans often, because it doesn't sit right with me, I don't like when I remember that I'm oewing someone, it makes me become extremely uncomfortable, hence I try as much as I. Can to avoid borrowing, or before I borrow I have already put in place some measures to payback.
I also hate loaning. It gives a headache during payment time and the money easily disappears but the payment is not easy to manage especially if there is another important priority. I better borrow money from my family.
That could be the worst scenario if the person who owns the loan changed drastically because of their assumption that the borrower cannot pay on a date.It is not good for it destroys good friendship.
That's what I said in the post as one needs to pay back to ensure that whenever they are in need anytime they would be having the attention of those who were helping them out with the lending of the money for the business.
I am someone who does not like to borrow unless I really do need to. Borrowing if I wish to invest in something that I know will lead to me making a profit is something that I would consider but only if I was sure I would make something back from the investment and not lose it instead.
I'm the last person that is going to pull up loans from other people and even any kind of financial institution because it is not something I am comfortable doing.
That is the true meaning of generational curses on your family. You make it hard for them to make a headway in life when you take loan and leave the loads of repayment for the family to payback. It is better to avoid loans that you know you won't be able to repay.
As long as you have a good strategy on how it is going to be easy for you to repay the loan that you borrowed from financial institution there is nothing wrong about it.
Some people are like this too as they don't like borrowing from others and some of the reasons for their action is to avoid embarrassment since some people won't understand and may also need the money for other things too
I don't borrow from individual person but I borrow from my cooperative because the interests I pay will be remitted back to me in terms of patronage refund.
I often borrow money from people when I am really broke. But I always make sure to pay back. I don't usually take loans and fail to pay back. There are people that I lend money often too.
Except when in a critical situation, I try as much as I can to stay out of debt, I avoid it the much I can, it's never a healthy something to do, except the money you want to loan will be used for investment or running a business.
