What are the best ways to protect your money as a lender

[Springtime]

Always ask for collateral if you lend money. Have a written agreement with the borrower with details on schedule of repayment. That said, I only lent money to others twice. I lent money to my brother when his business had cash flow problem. I got back my money on time. I've also lent money to a close friend. No problem getting back my money as well.

 

[uptrendfinancialsignal]

I think you should have every necessary details of the people that you will be lending your money to so that they will not run away

You should try to lend you money to creditworthy borrowers because that is what will guarantee profitability in such business.

 

[Bisolami]

You should try to lend you money to creditworthy borrowers because that is what will guarantee profitability in such business.

This is true and you should make research about the person you want to lend your money to

 

[cherry123]

Yes money should only be oemd to creditworthy borrowers You should try to lend to only people you are sure of them paying back or else it is wise not to.