Is it wise to borrow money from a younger person
- Thread starter cherry123
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Yeah I think it also have to do with the young person involved. if you both are close then no problems
It's my younger sister who always borrows money from me and never let her pay if borrow only some pesos like 500 pesos or 1000 pesos.
Borrowing money from younger people is not a problem, as long as the person who is lending money is someone who can afford it. Because sometimes there are people who appear to be more capable, instead borrowing money from people whose economic level is below them. If this is so it is not very wise.
As for me, it's fine to return it without interest, as long as it's returned on time, I'm very happy. Because often the money I lend never comes back. They often forget about their debts, I have repeatedly charged them to no avail, they always have excuses for not paying.
I don't need to bother making an agreement like that, if I know he's not a trustworthy person, in the future I won't give him a loan again. Give a reasonable reason and apologize for not being able to lend it. If you give a little money, just be sincere and don't expect it to be returned.
I'm also a victim at home my bro borrowed 38, 000 pesos until now no payment. My niece borrowed 11, 689 until now no payment. The worst my ex boyfriend borrowed 80, 000 no payment until now and there will be no payment because he left Philippines for Australia with the anothers.
It's very sad, how can they borrow money but don't think about repaying it. Oh my God, that's a very large amount, although I don't know how many dollars it converts to dollars. But I'm sure it's not a small amount.
1 US Dollar is 55 pesos, Ph money.It's very sad, how can they borrow money but don't think about repaying it. Oh my God, that's a very large amount, although I don't know how many dollars it converts to dollars. But I'm sure it's not a small amount.
I have never experienced this. But I do not see any problem borrowing from a younger person as long as s(he) can afford to lend you the money and s(he) is a nice person who will not badmouth you.
