lending money to people.

[Frankolala]

I don't like lending people money because to give is easy,but to pay back is a problem, so instead I don't lend money out to avoid misunderstanding when its time to get it back. If it happens that I must lend money out there must be a collateral in replace so that when you can't pay back at the expected time,the property turns out to be mine.

If you don't like the offer the you can leave since this is the only way I can retrieve the money back and let you know that I am mean. I have borrowed money to a close relation that ended up fighting me because I keep asking of the money that i lend him after the time he promised paying back has elapsed,can you imagine this,it seems crazy to me.

[1715282013]

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[1715282013]

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[Tallupooh]

indeed when we lend money but are not paid back, it is very troubling. I think if the amount of money is small it doesn't matter, but if it's big money it still has to be returned.

reminding people to pay is very difficult, they always shy away and say next time they will be paid. but in reality the money never came back.

[len01]

what I really hate when lending money to friends or other people who are unemployed without a job is when I ask to return the money he borrowed as if I were begging for my own money. very sad


but after several incidents like that I will only lend my money to friends or other people who have a steady job. so I don't have to be afraid anymore to lose my money. because if that person has a steady job, he can return my money with his wages.



and actually lending money to friends yourself is not good. because there is a group of good friends destroyed just because they borrow money and not return it

[xSkylarx]

and actually lending money to friends yourself is not good. because there is a group of good friends destroyed just because they borrow money and not return it

It really depends on your friends. Lending money to your true friends (the ones you can truly rely on when you need help) is not a lend to me; it is help for them. I do have friends that really help me in my downfall, so every time they need money (they don't abuse me in lending money), I will always give it to them as long as I have an extra and just tell them, "Pay me once you have an extra." But I always think that they will not pay it, but later on, after a few months, they will that is really the true friends.

[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.

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.

Sorry, but I don't understand what you mean by worksheets. As far as I know, all banks around the world issue banking products in the form of loans they provide to their customers in exchange for interest rates commensurate with the size of the loan and its repayment period.
Perhaps you mean the fees charged by the bank for processing the loan application file. These are also calculated with the interest of the loan and are deducted from each share of the customer's monthly contribution during the loan redemption period.

There are financial systems that allow banks to sell these loans to other banks or even speculate on them. Remember, of course, what happened with the mortgage crisis in the United States in 2008.

[len01]

and actually lending money to friends yourself is not good. because there is a group of good friends destroyed just because they borrow money and not return it

It really depends on your friends. Lending money to your true friends (the ones you can truly rely on when you need help) is not a lend to me; it is help for them. I do have friends that really help me in my downfall, so every time they need money (they don't abuse me in lending money), I will always give it to them as long as I have an extra and just tell them, "Pay me once you have an extra." But I always think that they will not pay it, but later on, after a few months, they will that is really the true friends.

yes, there is nothing wrong with lending money to true friends when they have a good contribution in our lives. I mean when you lend to your best friend and he is unable to return your money, but when you need any help he is willing to help you any time and any time. so it's like there is a return of kindness between you and your best friend.


but this is just my knowledge, actually best friends don't exist. because a true friend or best friend will be there when we have lots of money in our pockets. but when our money runs out they will surely leave your life soon.
I say this because it has often happened to me.

So basically lending money to the right people, namely having a steady job, that's what's best for me.

[Anguwa]

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.

Aside from our personal relationship, I always think about a person's source of income before lending them money to determine whether they will be able to repay it on time. Even so, there are some people who are very close to you whom you cannot refuse your money and who will not pay back because they do not have, while others who do have but wickedness will not allow them to pay back simply because they know you cannot challenge them to pay back because of the relationship between us.

[Findingnemo]

Snip

One of my biggest life lesson is never lend money to people especially to the person you know because its can ruin the relationship mostly they can't be able to pay back from my experience so at the end its a complete loss for me and I don't really want to force then to pay cause I understand their situation and decided to accept my failure.

If people who really have the ability to pay back can actually get the loan from banks so if someone is can't able to get loan then they seek for someone to lend money from their Circle and even if they're not having any evil thoughts at the time, when we seek for pay back then we can see their real face.

[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.

Sorry, but I don't understand what you mean by worksheets. As far as I know, all banks around the world issue banking products in the form of loans they provide to their customers in exchange for interest rates commensurate with the size of the loan and its repayment period.
Perhaps you mean the fees charged by the bank for processing the loan application file. These are also calculated with the interest of the loan and are deducted from each share of the customer's monthly contribution during the loan redemption period.

There are financial systems that allow banks to sell these loans to other banks or even speculate on them. Remember, of course, what happened with the mortgage crisis in the United States in 2008.

Sorry, but I don't understand what you mean by 'worksheets'. I can't find where I used that word.

However, to see the logic of the value of a signed promissory note, look here https://bitcointalk.org/index.php?topic=5414658.msg61372220#msg61372220. The point is, if you give the promissory note in your loan value by signing it, and then give the note to the banker, you have prepaid your loan... value of your note for the value of the money he gives to you.

It's that simple. So why do you pay the loan off over the next 10 to 30 years (or whatever) since you already prepaid it with the promissory note?

But it is difficult to fight it in court if you don't understand what is going on.

[passwordnow]

I've lent to a lot of people and sadly, the majority of them didn't keep the words that they told me when they were asking me for money. Well, that's fine. I believe in karma and good things will come to me but with what they've done to me, the bad karma goes on them. Considering that someone is really in need of money, I'll only help if it's totally urgent and the situation is too hard to deal with. But at the same time, I've decided not to lend anymore, taking back and asking people to pay their borrowed money is a headache. And it's like if somebody asks me to borrow money like $100, I'll just give him $10 if I've got an extra but I won't let him get the whole amount so no attached feelings on it.

[GiftedMAN]

Most times lending money to people who you are in a good relationship with makes no sense because the money usually ends the relationship you have with them. I prefer lending money to strangers because they will be scared not to go against the agreement we had before giving them the money but to friends or people I have good relationships with, I rather dash them an amount of money than lending them because they may not pay back even when they have the money because they feel as someone in good relationship with them, you will have patience till when they make up their mind to pay back. I have tried lending money to so many of my friend but at the end we turn to enemies and I don't get my money back.

[Crypto_I.N]

I don't really like lending money to other people, and vice versa I don't really like borrowing money from other people. we learn from experience because if for example we lend money to other people it is difficult to pay because there is no money to pay even though the time is up. no matter how we minimize it, don't lend money to other people too much because our money won't come back the same as what we borrow, over time the value of the money will weaken or decrease

[Maestro75]

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 got it. It is often a problem getting the loaned money back. People tend to change once the needed money has been given to them and their problem solved. They forget there can be another incidence that can make them ask for another loan, even if not from you but from someone else. Words go round. If someone is bad at repaying loans people or friends can spread the news around and others will begin to avoid loaning him or her money. This is what most people do not understand and consider when they want to be stubborn not returning loans. If someone defaults with me, I will not want to loan the person next time. I have also borrowed money from people but I made sure I returned it, even if not at the promised date I made sure I kept in communication with the person and kept assuring them I did not forget the money. Most people just cut you off once they collect the loan so you will not be able to reach them when you want to. That is very bad.

[DaNNy001]

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 don't think there is any factor to consider especially when it comes to humans, because the number one feature of every man is CHANGE. So even the most decorated persons you feel won't fail to repay might actually fail when its payback time,  the funny thing about borrowing is that its very easy to convince the borrower on collecting the money but the time to payback becomes a serious issue.

For me I stop lending money to people just like that without you dropping something tangible as collateral in case their is some after story to be told when its time to pay back. With this collateral i will be very sure you will turn up when its time to pay up.

[Doan9269]

Lending money out isn't the problem but receiving it back has been the most difficult hacullian task to do by many debtors, instill don't know what is behind this misery, people will fome begging with tears to borrow money from you and turn the lender over time, i think if we all learn to assist and help each other in need then there may not be enough reasons to have people lending money on a consistent scale since mosst of their needs are meant through individuals help rendered.

[Marykeller]

When someone borrows money from you for the first time and doesn't repay it as agreed, it indicates that you won't be able to lend him money again in the future because he broke his promise to pay it back.

Lending money to people can cause friends to be enemies when they are asked to pay back.

The best way I chose to lend money to someone is to have them sign a contract with me stating that if they don't repay me on the specified date, they will lose one of their properties (depending on the amount I lend out)

[Odo1972]

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.

There is saying that says "only lend to people what you can afford to forfeit". This is because even those you believe are reliable might still fail to pay back as a result of one reason or the other. The debtor might lose his job, face a serious financial problem resulting from a failed business and so many other reasons. Always consider the above mentioned reasons when lending money to someone.

[Rockstarguy]

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.

Despite not receiving back money lend to people,  that won't stop us from giving, just that when we give and people fail to fulfil their promise of returning back the money it tells how much about them, how to be careful incase of next time. I lend money to people based on trust, but if I think someone is reliable to pay back , even if it is the last money with me so far as I believe the person am lending will pay back i will always give.  People must learn to keep to their words,  expecially when dealing with money for the sake of trust.

[rahmad2nd]

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.

Like we borrow money from the bank, everything must comply with the procedure. after that, the money will be lowered if we have fulfilled the conditions. in our lives, it is not uncommon for a friend, family, co-worker to ask for help to be given a loan. or vice versa, we need a loan from colleagues, friends or relatives.

To be honest, I rarely lend money to a friend or relative. I'm not used to lending money to anyone, unless it's something urgent. if you borrow the first money, then there will be a second and so on and then they just go away. as you said, if someone meets your requirements, then you will give him a loan. I won't, but at least i will help her with something else. I can give money at will, or help to find him additional work to earn money. everyone needs money, money will never be separated from our lives. but if you give out a loan and hope to return it on time. then you have to be prepared with arrears of time, or regret because the money never comes back to you.

[Ebede]

No is not good for someone to borrow money and use it for gambl, because if the game cut and he or she does not have money to pay back to the person that he or she borrowed the money from that can lead to fight or destroying of life and property that can also led he or she to jail