lending money to people.

[Queentoshi]

The biggest fear with lending money to someone is getting the money back, and no matter how we decide not to give again after someone we have given before refused to pay back you'll find out that there are still some people that you still give regardless of your strong decision to stop lending money. What are biggest factors you consider before giving to these people? For me, I consider if the person is reliable and someone that keeps to their words, the persons financial status to know if they can actually pay back the money especially when it is a big amount, and I consider our relationship.

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[Majestic-milf]

 Heh, I won't blame you if you've got a phobia for lending money these days especially with the current state of the economy ans how peeps have grown to be untrustworthy and unreliable.
 For me, I consider your credit history, your kind of employment and some little things like your payment history.

 

[Alisha-k]

The most reliable person can still fail to payback. I stopped lending money a long time ago instead i give a helping hand and it is an amount i know i can comfortably give out without any obligation to payback. Money lending has destroyed so many relationships and i am very careful not to spoil a long time relationship sake of money. So instead of lending i simply help.

[BADecker]

The safest way, and also the way that the rich people have used when they lend money, is to do these two things:

1. Don't lend the money until the borrower gives you some property, temporarily, that is worth at least 3 times the amount being borrowed. Of course, if he pays you back, be honest and return his property to him. You build your reputation that way.

2. Make sure to get the property appraised by 2 or 3 reputable appraisers, so that you know the true value of the property. When I say 'property', I don't necessarily mean real estate. Property can be anything that you are comfortable with accepting.

[Kavelj22]

There is no meaning to the borrowing process if the lender does not achieve interest from it. He may not hesitate to lend a friend a small amount in a time of crisis, but this should not be at his expense, especially if the borrower is unable to pay. When the amount is small, there is no harm even if you fail to pay it. For important amounts, it is better to obtain a mortgage in the form of a commodity or savings equal to or greater than the value of the borrowed amount, while ensuring a reasonable profit rate that takes into account the size of the borrowed amount and the period of borrowing. In this way the process can be achieved without the need for a third party guarantor.

[BADecker]

There is no meaning to the borrowing process if the lender does not achieve interest from it. He may not hesitate to lend a friend a small amount in a time of crisis, but this should not be at his expense, especially if the borrower is unable to pay. When the amount is small, there is no harm even if you fail to pay it. For important amounts, it is better to obtain a mortgage in the form of a commodity or savings equal to or greater than the value of the borrowed amount, while ensuring a reasonable profit rate that takes into account the size of the borrowed amount and the period of borrowing. In this way the process can be achieved without the need for a third party guarantor.

This might be true for many lenders, but not for the US and Euro banking systems. They get paid a HUGE amount without there being any interest. Of course, they get more with compounded interest. How do they get paid? Without the interest being included, these two ways:

1. The first way is that they treat the loan paperwork that the borrower signs, as money. The get money from the borrower when they accept the loan paperwork. It is money. Then they give the borrower his green money.

2. They get paid another full loan amount over the term of the loan, as the borrower repays the loan... because he doesn't know that he already paid it with the loan paperwork.

Banks get paid at least twice on their loans.

[2stout]

It seems one of the best ways to protect one's own interest when lending money to people would be require collateral above the amount of the loan.  Otherwise, you risk running a period, possibly permanently, of being assed out.

[Desmong]

Lending people money especially the ones you know is a matter of choice abd if they decided not to give us back, that should not make us to change our mind towards other persons which may need our help if we have the resources to help. Several persons had borrowed money from my hands and not given me back and that did not make me to say no others. It is a matter of choice.

[BADecker]

Lending people money especially the ones you know is a matter of choice abd if they decided not to give us back, that should not make us to change our mind towards other persons which may need our help if we have the resources to help. Several persons had borrowed money from my hands and not given me back and that did not make me to say no others. It is a matter of choice.

Know your borrower. And if he is truly an honest person who has fallen on hard times, lend him the money. In addition, if he can't repay the money, don't demand it back. You will be rewarded by God in Heaven if not sooner.

[xSkylarx]

The biggest fear with lending money to someone is getting the money back, and no matter how we decide not to give again after someone we have given before refused to pay back you'll find out that there are still some people that you still give regardless of your strong decision to stop lending money. What are biggest factors you consider before giving to these people? For me, I consider if the person is reliable and someone that keeps to their words, the persons financial status to know if they can actually pay back the money especially when it is a big amount, and I consider our relationship.

Trust is not really working when it comes to lending money. You let them borrow your money because you trust that person, but it turns out that he or she will not pay you. It is really best to see if that person is capable of paying you back the amount of money he will borrow and also to be sure you can both sign two documents that he needs to pay it back (though the issue with this is that if you file a case against the person who is not paying you back, it will cost a lot more money than the amount the person borrowed). But always keep in mind that the borrower really needs to borrow money because he has reasons like they don't have food now, they need to pay tuition, etc., so in this case, I think we should just borrow them the money and just think of it as giving it to them as a help.

[Apocollapse]

So you're discuss about a friend want to get a loan from you right? let's say your friend ask you $500 and he promise he will pay back in full amount to you in the next month, what will you do? considering he's your best friend and have been pay you back about your previous loan. If your answer you will give $500 for him since you're trust him, you're make a wrong decision.

If I were you, I will only give $100-$250 and I don't mind if my money gone, since I think those money is just a donation for him and I wouldn't give him full amount in order to prevent he can't pay back his money.

[yazher]

I only lend them what they can afford to pay because lending them too much will be the same reason for you to stop talking to them and they will gonna hide from you. This is based on my personal experience and we lend without putting interest because it is forbidden for us but still, only a few people are considering to mind paying it back because others think it won't be necessary to pay because you are getting money from your job. I only lend to my friends but not all of them are trustworthy because most of them didn't pay back the money I lend to them. years and months have passed already.

[348Judah]

I being someone who has learnt alot of lessons from lending people money have seen enough experience through this kind of act whereby i have only concluded with giving out money for free to people in need with the same amount i can afford as a gift than lending them the amount I cannot afford to loose, becau once they got the money from you, they turn to be the boss and you begin to chase them around for refundment which you later tuen to be the the bar person to them for your demand on refundment, they sees you as their enemy and turn back at you, what i don't know is maybe they easily forget the time they use to beg to lend the money or maybe they expect you to forget the money and live goes on, because I've been in the shoe of a creditor to many who have defaulted and i turned their enemy.

[Sayakaaja]

lending money to people in need is a noble act. he had rescued her from misery. but if the money lent has not returned, then frankly I don't know how to handle it. there are so many people like this, not because they don't want to give it back. maybe that person is being hit by something that makes him unable to pay quickly, this is understandable. but it's different from someone who already has a lot of money and he doesn't remember that he has a debt to us, or he deliberately doesn't pay it, this is really very bad. sometimes when we charge him in a good way, he avoids it. and somehow a feeling arises that says I don't want to give him a loan anymore.

if we have money owed to other people, and we have a lot of money. then we must first pay the debt. except for people whose condition is still very concerning.

[o48o]

The biggest fear with lending money to someone is getting the money back, and no matter how we decide not to give again after someone we have given before refused to pay back you'll find out that there are still some people that you still give regardless of your strong decision to stop lending money. What are biggest factors you consider before giving to these people? For me, I consider if the person is reliable and someone that keeps to their words, the persons financial status to know if they can actually pay back the money especially when it is a big amount, and I consider our relationship.

I like to lend to my closest friends. Because most of the time i have lent to some distant acquaintances i've never hear about that money again.
 
But i was wondering if i should lend bitcoin to trusted people in this forum. Only probalem these days is compex taxation and just moving money to other wallets and back could get me in trouble if i couldn't remember that what i have loaned and to whom. So i would have to keep a journal of my transactions for several years after i've lended, which seems like a lot of effort for helping someone. I sometimes wish that we got back to simpler times when no one cared how much bitcoin i had.

[Newlifebtc]

The biggest fear with lending money to someone is getting the money back, and no matter how we decide not to give again after someone we have given before refused to pay back you'll find out that there are still some people that you still give regardless of your strong decision to stop lending money. What are biggest factors you consider before giving to these people? For me, I consider if the person is reliable and someone that keeps to their words, the persons financial status to know if they can actually pay back the money especially when it is a big amount, and I consider our relationship.

You cannot easily get the money you borrowed someone, because i believe that borrowing someone money is not easy and that should be the last mistake you can make when you know that you are not strong enough you should not go into such kind of business with empty hands because leading of money do cause a lot of problem.

[Hispo]

What are biggest factors you consider before giving to these people?

I have not lent money many times before.
The few times I have, it has been to people I personally know, I also keep in mind the fact whether they have a job and whether I have lent them money before.

In the case of online lending here on the forum, I would go as far as only concede a loan if there is collateral and a signed message, otherwise I would not feel comfortable managing several loans at the same time.

[Zlantann]

The biggest fear with lending money to someone is getting the money back, and no matter how we decide not to give again after someone we have given before refused to pay back you'll find out that there are still some people that you still give regardless of your strong decision to stop lending money. What are biggest factors you consider before giving to these people? For me, I consider if the person is reliable and someone that keeps to their words, the persons financial status to know if they can actually pay back the money especially when it is a big amount, and I consider our relationship.

Lending money to someone can cause a lot of problems if the person fails to pay it back. I have had so many issues where people fail to pay me back the funds a lent to them. Currently, I only lend money to people I trust. Others would have to. prove to me that they are reliable before I can give them the money they want. If I don't trust the person, I would only lend the amount of money I can comfortably forgo. Lending a huge amount of money to someone that is not trustworthy would require collateral. And if the person has no collateral I would give the person a little amount that I can forget if the person fails to pay back. In don't consider relationships while giving a loan, but I rely on intregity and.past experience.

[Ebede]

Leading money to people is good and it not good
Why i said so because
Lending money to friends and family can lead to financial problem for you and potential cause relationship damage
Creating boundaries for loan to friends and family can help preserve relationship
And minimize the potential for problem
Lending money to friends can ruin your relationship with the person if he or she refused to pay

[suzanne5223]

The biggest fear with lending money to someone is getting the money back, and no matter how we decide not to give again after someone we have given before refused to pay back you'll find out that there are still some people that you still give regardless of your strong decision to stop lending money. What are biggest factors you consider before giving to these people? For me, I consider if the person is reliable and someone that keeps to their words, the persons financial status to know if they can actually pay back the money especially when it is a big amount, and I consider our relationship.

No good deed goes unpunished they say which means every good deed comes with a sacrifice no matter how it was but in the aspect of lending people money I come to realize that the best way to not be a victim of people that lend money and never pay back is lending them the money you can easily overlook because in this present economic situation I have seen a lot of good people who are finding difficult to repay the money they borrow and you as the lender may need your fund for an important purpose.