How do you handle borrowers?

[Queentoshi]

How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you. How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?

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[Ojima-ojo]

How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you? How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?

It depends on the part of the world you are from because 80%+ of the population of a developed country are financially sufficient and do not border others and if anyone is looking to get a loan then he can visit the bank and pay some interest but for personal loans, I think that is near zero chances.


But that doesn't eliminate the place of gifting others if you have and you really know their in need of that money also instead of borrowing from people,  only gift them what you can afford to let go that way you won't be hurt if they never pay back the loan because most people won't pay back such loans.

[JeromeTash]

Only lend out what you can afford to lose.
In the past, if someone whom I am not certain about came to me asking for Financial assistance, I would only give them the amount am comfortable losing in case they don't repay. For the case of family members or very close friends, I give them without expecting it back.

If I feel like I can't afford to lend out the money I have, i just simply tell them that I don't have anything I can lend out at that moment. If they offer any form of tangible collateral, then well and good.

[Ultegra134]

Is denying it out of the question? I understand that you may want to assist them and that them asking you is putting you in a difficult position, but it's not you who is going to solve their financial issues. I've also lent money to a few people in the past or done similar favors for them, such as ordering them something from the internet, without having received the money beforehand. The latter got me in trouble twice, but I learned my lesson.

I had a so-called close friend who took over a year to repay me. I still had the goods he ordered, but they were worthless to me. The only people I've borrowed money from were in my immediate environment and couldn't avoid me forever if they had such intentions. You shouldn't be ashamed to say no; you're not to be taken advantage of. Help only those that you trust; if you're having second thoughts about someone, just say deny. You're also working your money; it didn't grow on trees.

[LTU_btc]

I don't have much experience with such situations because I barely get requests from someone that I would borrow money them. And there isn't that big circle of people that I would lend money and have my trust. You know, when things comes to money, people often change into bad side. And if I would get request to borrow really significant amount of money, something like $5000 - $10 000, then I would suggest him to go to bank.
So, usually I get requests from friends to borrow something like $1 or $2 when they don't have cash and want to take coffee from vending machine .

[o48o]

How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you. How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?

Luckily i don't have that kind of family. I provide for my kids but that's it, even they aren't demanding money from me. My friends can be broke but they don't accept charity or debt. I might offer them drinks etc but giving too much is embarassing for everyone. And i totally understand why it's hard to accept even free given money. It leaves this feeling of debt. And after that every time we see they would need an excuse why they haven't paid, so they will start to avoid me.

Debt has ruined friendships, just like hiring your friends and being their boss. It ruines a balance of equality. It shouldn't but it easily does.

[blockman]

How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you.

If they're asking for a certain amount of money, give at least 1/8 or 1/4 of it or any amount that you think is fine for you. In that case, you're able to get rid of them and they won't come to you asking money again. That's going to save you a lot of money and stress from them when they're trying to poke you that you've got money and you're not allowing them to borrow. And the money you'll give to them is no longer a loan but a willing give so they won't approach again in the future.

How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?

There's no helping in the future to them if ever they'll be in need. They think that they're able to escape from asking them for a payment but I am thinking that they will never get close to me ever again.

[OgNasty]

The trick is to dress like a homeless person and drive an old car, then nobody asks you for money. It works for me pretty well. Although I’m not sure how much longer I’ll be able to pull that off given my desire for a Tesla. I wouldn’t call people borrowers though. You should never loan money to friends or family, only give it to them.

[uchegod-21]

The trick is to dress like a homeless person and drive an old car, then nobody asks you for money. It works for me pretty well. Although I’m not sure how much longer I’ll be able to pull that off given my desire for a Tesla. I wouldn’t call people borrowers though. You should never loan money to friends or family, only give it to them.

Buy a Tesla and coat the exterior like an old car
It is true that when you don't show up, people wouldn't know how much you worth and they will not come asking for financial assistance.
This has done me bad thanks good that my money in people's had is much. They don't return at due time and I also do not have the ability to take extreme measures in order to reclaim my money and that is where my problem lies.

What I have implemented is what Jerome Tash said, I don't lend anymore. I give what I am able to lose and I do not expect refund.

[paxmao]

How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you. How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?

I guess you don't give money and the problem shorts out itself eventually? The question is asking yourself why are you lending or giving that money away? Is is a religious matter? Is it your family? Friends? Perhaps you need to consider restricting the amount progressively so they understand that it will eventually dry-out so they start looking for alternativess.

[swogerino]

How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you. How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?

My ex director told me something very unique about how to handle these guys even if they are close relatives or parents,of course parents and relative we help each other as much as we can so most likely this advice is for those people who borrow money and never turn it back,we had a lot of bad gamblers in my previous company and the director was not a gambler.They kept asking him 10-30 dollars lending money and he told me that he used to gave them 100 dollars and if he did not get them back,it was the best 100 dollars spent in his life as he would have nothing to do with them anymore as they could not ask more money before paying their debt.

[Bountyfox]

Establish clear boundaries and communicate openly with your loved ones about your financial limitations, while encouraging self-sufficiency and addressing non-payment issues assertively to maintain a healthy balance between helping others and protecting your own financial well-being.

[Apocollapse]

You should only lend maximum of 50% from the money they ask, you could only lend 10% to lower the risk of being scammed.

If they're force you to give them all, you need to learn about giving many excuses. The last solution, you can ask them to take a loan from bank or online service. The reason why your friend and family can ask you money is you're look have a good life, so you need to wear a cheap clothes and avoid wearing jewelry or expensive thing.

[imeycrypto]

How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you. How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?

First set clear boundaries and communicate openly with your loved ones about your financial limitations.
When dealing with individuals who fail to repay borrowed money or make no effort to do so, have an honest conversation, establish clear expectations, and consider seeking professional advice if necessary.

[BADecker]

How do you handle borrowers?


Loan them anything that they ask for. Of course, if you don't have it, you certainly can't loan it. So, when they find that out, they will stop asking after a while.

Jesus said, in Matthew 5:42: "Give to the one who asks you, and do not turn away from the one who wants to borrow from you," - https://www.biblehub.com/matthew/5-42.htm.

Jesus also said, Luke 14:33: "In the same way, those of you who do not give up everything you have cannot be my disciples," - https://www.biblehub.com/luke/14-33.htm.

This give you a double opportunity:

1. It gives you an opportunity to graciously give up everything, by giving to those who ask to borrow them (You know that many borrowers never pay the things back.), so you can be a disciple of Jesus.

2. You know that you need some of the things that you are giving up. So, it gives you the opportunity to talk "Jesus" to the borrowers, requesting them to not ask to borrow from you, but to give up everything, so they can be disciples of Jesus just as you are.

[Gozie51]

How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other.

If you have you extent to them because you will not be buried with the money you have.

How about people who borrow money from you and never return it or even show any effort to make payment back to you,

This set of people who borrow with the promise of returning it and never do are funny set of people. They actually make no effort to pay back at least most of them and the shocker is that they pretend to have returned it to you. You can see yourself arguing with them when they shock you with such information that they have returned it 

how did you go about the situation?

If you think the borrower just want to run away with the money, then you may give part of the money on the request that you can forfeit. You may not disclose to the person that you won't ask for the money but within you, you have decided not to ask for it again and if the person comes back to repay it, you let them know it is a gift. I think such surprise will be an imprint in the annals of time in your relationship with the person.

[Liliana1304]

Of course there's not like some hidden formula to keep borrowers at bay but I feel you can limit how often they come to you by giving with interest. Some people get put off by the mere thought of paying extra after borrowing.

It can be challenging to borrow especially with the current economic situation and begin to wonder if this person might be able to meet up so I understand your situation, Op.
I prefer to give if I have but try to limit how much of a Santa I become because such can not just be physically exhausting, it will also tell on your finances.

[coolcoinz]

I have more money that I show to my friends. I don't show off wealth, so they don't know how much I really have. Almost nobody asks me for money and if they do it's very small amounts and I give it to them.
Best thing you can do is look poorer than you really are. Believe me, you might think like you need attention, but you don't.

[Adbitco]

One thing certain is that when they noticed you are beginning to give money and helping people around request will increasing everyday by day, and whenever you keep lending to people and they noticed you are financially buoyant the request for loan will also keep increasing as well. As human being we are all we need to do is not to satisfy everyone, we should choose among people we are comfortable with while given out money to them, it could be loan or gift.
For people who borrowed money from you and never wanted to repay back their loan, I think the best thing to do is to start collecting collateral from them and it should be that what you will request as collateral will be more beneficial to you than the amount giving out to them so that it would attract them to repay back with immediate effects.

[Zlantann]

How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you?

You cannot please everybody. If you want to give everybody that ask, you will end up in debt. It is good to help those that are in need but you should do so based on your capacity. You should have a budget of how much you can give out to relatives and friends. Do not exceed the budget because you need to save for your future. If you spend all your money on people, you might not get the same financial help when you need it. Politely tell them you don't have and inform them when you can afford to help. Don't mind if they get offended because you must protect your interests first.

How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?

Lending is like cryptocurrency, give to only people that you trust will repay the loan. You can ask for collateral if the person is not trustworthy. Borrowing is also like gambling, only lend what you can afford to lose. When someone I don't trust asks for a loan, I will assist the person with part of the loan which I can afford to lose. Even if the person fails to pay me back, I can bear the l