How do you handle borrowers?

[NicNacCoin]

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?

Just like gambling, trading is very risky. We always say that it is better to use the amount of money that you can lose for gambling or trading. Similarly, you lend the amount of money that you can lose. There are many people in the society who take loans but later do not repay the loan money and he walks around very peacefully. Many people have come to me for this day who have come to me for loans in the first case I must have given the loan those who have taken the loan in the second case they have not come to take the loan because they have taken it once and then they do not come again creating a dilemma within themselves. So always lend the amount of money you have the patience to lose, never lend more than that, every time you lend, you will slowly become destitute.

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[Funke]

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?

Lending is a business to someone credit companies most especially in African countries so, the idea of lending what you can afford to forget is a wrong notion.

Try to ensure that every borrower should provide an equivalent property as a collateral. If it is not for profit making then stop borrowing them.

[passwordnow]

If they want to borrow something from me, they must really be in sad shape. At least, for the moment, I have a roof over my head.

Relatives and friends will take advantage of you when that's your sole weakness. When they borrow money, they'll just have to show you that they are in a sad and terrible shape for your heart to get touched by their emotion and you'll be caught by that as well. With that emotion, it's what you feel about them and even if they have a different reason as long as they're able to successfully touched your heart then you'll later on going to give it to them which is a bad trait. Because I've been there and they'll take advantage of you every time they are in need of money and worse if they don't even pay on due or never paid.  

Lending is a business to someone credit companies most especially in African countries so, the idea of lending what you can afford to forget is a wrong notion.

Try to ensure that every borrower should provide an equivalent property as a collateral. If it is not for profit making then stop borrowing them.

If this is just a person to person lending, and it's mostly discussed about verbal agreements. The requirements will be easy because you're lending them out of good will and your concern to them. But many of these borrowers are going to take advantage of you so, when you get to that point, always point them out with the actual lending business and see if they'll be able to ask money from them easily just as how you as a person lent them.

And they are not even grateful that you've granted their loan with that much terms but all you are asking is to get paid by them even with no interest. But you know in these times, many of them forget your good times that you've lent them and will even get mad upon reminding them about their default.

[yazher]

Depends on the person who borrow money from me because sometimes when it is my sibling or my parent, I never ask my money back from them since I know they were in need and didn't have someone to ask to borrow. I'm having hard time to ask my money back from those who borrowed from me to pay some important things or others and those people are mostly my friends and those whom I know because they seem to purposely forget their debt and they are not worried to pay me be back just because I never ask them.

[Lukmanfirdaus1]

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 have learned a lot from my experience, there are more people who don't return loans than those who do. So my advice to you is to have the courage to say no, usually you keep lending people money because you feel bad about not lending. If that's your family, just help as much as you can, help them with money that won't bother you if the money is lost. and don't expect to be returned. but if it's someone else just say no.

[Zanab247]

I don't borrow friends, and relatives money based on what I have experienced in the past, that made the matter to make me look like a fool in the police station because, I didn't have any written agreement with them base on they are very close friends to me but they denied in the front of the police that they did not borrow any money from me but a year later they came back to me to apologize for what they did just that they don't want to enter prison.

 If anyone ask me money and, I know that I have plans for the money in my account, I can give the person as my spirit lead me and I will tell the person not to return the money so that the person will not feel bad that I have money, I don't want to borrow.

[oktana]

If someone is demanding too much from you, explain to them that you have goals that you’re working on and that the money you have isn’t enough. Also, you can’t wish they don’t ask you for money if you constantly spend money carelessly around them, so you have to watch out how you spend too.

For people who borrow and don’t return or make it an issue to refund, I let them know they have bought a ticket to never get money from me anymore. Just the way it works here on Bitcointalk; if a person doesn’t pay back, their reputation is gone forever, that’s it for me. Under no circumstance will I give such a person money again.

[Boy_chef]

I have few experiences where you borrow to a friend and it becomes more difficult to get back whatever you borrowed especially money. One of few lessons I learnt was to know the financial capacity of that your Friend or relatives and only lending out an amount he/she can afford within the time frame to pay back, to avoid conflicts. Because this context of borrowing has been the reason for many broken friendships or brotherhood. So even if a friend asked you to borrow him 50$ and you know he can’t afford to pay you back within a week. It’s best you lend him 10$ instead

[Rockson1]

I have few experiences where you borrow to a friend and it becomes more difficult to get back whatever you borrowed especially money. One of few lessons I learnt was to know the financial capacity of that your Friend or relatives and only lending out an amount he/she can afford within the time frame to pay back, to avoid conflicts. Because this context of borrowing has been the reason for many broken friendships or brotherhood. So even if a friend asked you to borrow him 50$ and you know he can’t afford to pay you back within a week. It’s best you lend him 10$ instead

Borrowing money is not too good because it's not everyone that will keep to their words. If you borrowed one $10 he/she might not be able to pay back in time and it might result to conflicts like you say. Any amount you can not risk you shouldn't borrow it out, when you have only $10 you shouldn't borrow it out at all because you can't afford to risk it on someone that won't pay back on time or not at all

[nngella]

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, when providing a loan to someone, you must understand that there is a risk that you will not get your money back.  Hence, you must only loan your excess money (something that you can accept if the person choose to not pay you back ).  If you already permitted someone to borrow money from you and that person wants to borrow again, the decision to let that person borrow again is depending on that person's past record of paying to you.  If that person is a good payer, then you can just let that person borrow again.  If that person is not a good payer, then just firmly say No.  Just reject the person in a polite way and provide your reasons in a gentle manner.

[Y3shot]

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?

One thing about giving it is impossible to help everyone or make everyone happy.  Just do the little you can do , do not put mich pressure on yourself just to help everybody around you. Before you make decisions of borrowing money you have to be sure if the person will be able to pay back the money without it causing problems.  We have to be careful with family and friends when it comes to things that involve money.

[Munir001]

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?

That's why there is a saying that says "only lend people what you can afford to let go". So if you anybody wants you to lend him/her money, just treat is like crypto investment. Especially when there is no collateral to back up the loan. There are people you might not be able to fight of they fail to pay, so always lend them the amount you can afford to let go of they fail to pay.

[DeathAngel]

I think the simple solution is to never lend money to family or friends. It’s too difficult to manage & too awkward if they have trouble paying you back on time. I would rather just totally avoid ever lending monies to family, friends or colleagues. I do not like to cross the likes of business & friendship.

[|MINER|]

This is a very bad situation. Many people find it difficult to say no when someone wants to borrow money.  It is not possible to lend money to everyone at once.  Everyone is suffering from financial crisis now.  Because of this, many people are in debt. However, this trend should be reduced and no one should ask for a loan unless it is absolutely necessary. It is a very embarrassing situation.  And there are many people who take loans and pay them back late, which is not right at all.

[Uhwuchukwu53]

Many will condemned this but it's unwise to lend it borrow any one money without collateral even if it's close relationship because many have curse alot of damages and issue between human.
Our people have the say that the mouth used in borrowing us different from paying back, human being us the mist difficult thing to deal with when it comes to do with money don't have Total trust in them.
The best way to hand such situations if ni collateral is to sort out where he work or invest and seek how they can remit some of its income into your account, some go as far if using diabolical means to make you forget your money, but if you try all means within your reach you can use police, or report the person to any one you know he gives ear when it comes to deal with issue.

[Silver005]

Well we all know that there's no wise man on earth that will say he or she has never fall victim of borrowing money to someone, because some may come with so politely was and Christianity mind to ask you for help and may be he or she might be your best friend whom you have never expected that he or she will ever disappoint you,but unfortunately he or she disappointed you, well it's not really your fault, just that the world is full of evil and you never can tell who is who, because even your blood brothers or sisters can do the same to you too.

Now this is how I handle my case in this such because no one is above mistake or as long as you are in this world you are entitled to come across disappointment in one way or the other.and this is how I do it, whenever I borrowed someone money and he or she promised me to return the money back to me and later he or she failed me,
(1)it will pain me very well especially if the money is very big but I don't make case with anyone because of what of help I render to you, I will try to advise myself and bear the pain, but I will never have anything to do with that kind of person,no matter the strategies he or she may come again with you can never convince me again,
(2) I will lose trust on that very person, and I can never believe that kind of person again..
(3) I will never borrow you money again no matter what might happen, I can only give you what I can and never expected you for a return...if I have to give if I don't have I will still tell you i don't have..

[Dunamisx]

It takes those that have the interest of others in need on their mind that can make provision for the service of being a lender, as we know, not all the borrowers can be liable for repayment, but the way we handles them has a lot to do with if we can be able to recover our money back from them or not, that is why many lenders make use of collateral before issuing out a loan, borrowers will not mind begging when they needed your help, but after they have benefited from such, it becomes so hard and very difficult for them to be ale to maintain or keep to promise.

[Tmoonz]

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?

About lending and borrowing I really want to tell you a bitter truth there is this saying that you shouldn't borrow any particular amount you know that you can't give out freely, the reason or meaning of that saying is for fact that at some point people don't keep to their promises. What am saying is that you don't have to borrow anyone money rather you should only give the one you can assist the person with without expecting it back.

[Troytech]

It takes those that have the interest of others in need on their mind that can make provision for the service of being a lender, as we know, not all the borrowers can be liable for repayment, but the way we handles them has a lot to do with if we can be able to recover our money back from them or not, that is why many lenders make use of collateral before issuing out a loan, borrowers will not mind begging when they needed your help, but after they have benefited from such, it becomes so hard and very difficult for them to be ale to maintain or keep to promise.

Lending is not a business of doing good and it must be done in a stric way that would garantee that your money would be returned back to you or whatever you are borrowing, borrowing without taking collateral is like playing sports without safety kits, keep your personal feeling out of it and tell them you need a collateral or you give what you can afford to lose, so you don't end up spending money on the police to arrest the person or using strict means to get your money back.

[peter0425]

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 will let Them see my living and they will understand that I cannot just lend them here and there because my funds are limited and my family also needs money .
there is nothing wrong to deny them because it is your money and you have your own life.

Giving them fish will make them lazy all their life but teaching them to fish will feed them all their life.