What is your criteria for determining the person that you can lend money on?

[Stardom22]

Currently it's very tricky to find trustworthy people that you can ever trust for them to give credit.

 

[eldavis]

Before I can lend money to you, it means I can trust you and you are capable of paying back.

 

[Springtime]

So far, I have only lent money to my brother. He paid me back promptly. I think if I need to lend money to someone, I must find him/her trustworthy and has the ability to pay me back.

 

[Shavkat]

If he or she is my client, I need to conduct a background check. It is a standard procedure.

 

[Sawe]

I usually see if the person is trustworthy and capable of paying back; they have a job or a source of income. If you have also ever helped me, I will give you a loan too.

 

[nomad]

I do not have a lot of money to lend it to someone, I am not a lender. However, if I have to lend, i will only lend to my friends and family

 

[Shavkat]

I usually see if the person is trustworthy and capable of paying back; they have a job or a source of income. If you have also ever helped me, I will give you a loan too.

That is a good way to secure ourselves in lending some money to others. As for me, I usually ask for any collaterals to make sure he or she is going to pay me back.

 

[Sanjeev]

There are no criteria. It's better not to lend your money to anyone. For me, I take a commitment from the borrower as to when he or she will return it, and if the time is suitable, I lend money; otherwise, I do not.

 

[Shavkat]

There are no criteria. It's better not to lend your money to anyone. For me, I take a commitment from the borrower as to when he or she will return it, and if the time is suitable, I lend money; otherwise, I do not.

Personally, I usually let him or her sign on a piece of paper about the agreement. At least, I have the proof that he or she borrowed some money from me.

 

[Passiveearner]

I am not a really big fan of lending money. In fact, I absolutely dislike earning interest. This is why I have always preferred investing in businesses rather than lending out money. However, in rare cases, I would offer interest-free loans to my family members in case if they really need money.

 

[Shavkat]

I am not a really big fan of lending money. In fact, I absolutely dislike earning interest. This is why I have always preferred investing in businesses rather than lending out money. However, in rare cases, I would offer interest-free loans to my family members in case if they really need money.

I have a strict rule in lending money to others, especially friends. I can do it with my immediate family only.