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Author Topic: Should I get a loan?  (Read 2238 times)
seleme
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September 05, 2021, 08:58:21 PM
Last edit: September 06, 2021, 10:55:52 PM by seleme
 #221

a very interesting fact about lending money to a my family Is that when the my family member ask for loan, the I can not deny, but time the family member returns the money that they asked, he not wants to pay, I usually put it like this:

when my family member asks me to loan money, I put it as money that I won't miss in case he doesn't give it back to me.

I hope the OP managed to make the best choice
No matter who gives the loan, the OP is going to risk it. In case of thing goes down, he can lose that amount in a week. I prefer to trade within limits, otherwise, the loan amount will be doubled in the near future. Trading is the form of business and all businesses have bad weeks but the business owner doesn't force it to recover the loss. Imagine single trade and keep chasing the loss, after losing all trader will be upset and gonna trade under pressure to recover the previous loan amount. Just my 2 cents.

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September 10, 2021, 09:54:13 PM
 #222

a very interesting fact about lending money to a my family Is that when the my family member ask for loan, the I can not deny, but time the family member returns the money that they asked, he not wants to pay, I usually put it like this:

when my family member asks me to loan money, I put it as money that I won't miss in case he doesn't give it back to me.

I hope the OP managed to make the best choice

It is difficult when it comes to money and to lending to the family, because in general they can take advantage of the fact that they are family to have better payment options, the bad thing is that this use can cause problems between the lenders and the borrower.

I think that sometimes the same family is the one that can most harm you in terms of money, in my case it is difficult, because if it is to lend I take it as lost money, because otherwise it would cause problems within the family environment and for money it is not worth worth fighting. It is difficult but it is better to give the money as a collaboration and not the full amount.

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September 10, 2021, 11:59:45 PM
 #223

a very interesting fact about lending money to a my family Is that when the my family member ask for loan, the I can not deny, but time the family member returns the money that they asked, he not wants to pay, I usually put it like this:

when my family member asks me to loan money, I put it as money that I won't miss in case he doesn't give it back to me.

I hope the OP managed to make the best choice

It is difficult when it comes to money and to lending to the family, because in general they can take advantage of the fact that they are family to have better payment options, the bad thing is that this use can cause problems between the lenders and the borrower.

I think that sometimes the same family is the one that can most harm you in terms of money, in my case it is difficult, because if it is to lend I take it as lost money, because otherwise it would cause problems within the family environment and for money it is not worth worth fighting. It is difficult but it is better to give the money as a collaboration and not the full amount.


This is why, we should not take a loan as much as possible, whether from family member or friend.
In case you haven't respected the agreement with them, it may cause misunderstanding or trouble.
And it may dent your relationship with them, which is actually not good as they are your closed relationships.
Just use what you can afford and not borrow from others, this is to preserve your good relationship with persons you are closed to.
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