Have you ever experienced a situation like lending money to other people, you are visited by friends or relatives who are in need of borrowing money, but you are afraid your money will not come back. Concerns that the borrowed money is not coming back is a major consideration why you are sometimes hesitant to lend money if anyone wants to borrow money.

Should i lend the money?

If we have enough money, we should help those who are short of money. The mutual assistance is a necessity. If mutual help is embodied in the form of action is not a problem, but if in the form of money?

Actually it is only natural that your friends or relatives come to you and want to borrow money. This means that he considers – financially – you are quite able to lend money. Do not be angry if there are friends or relatives who come to you. If you own that are needed to borrow money, you will definitely come to the people you know in advance. And those closest to you, usually are brothers. Even if friend.

But not infrequently the relationship can be disconnected due to debt-receivable problem. In fact, the more extreme, the possibility can not occur simply because the debt argument.

Therefore, below are some tips that might be useful for you when there are others who want to borrow money to you:

1. Preview your financial condition.
If you have money, does not mean you have to be a bank for others. Preview the possibility of your family expenses within the next few months. Maybe your child needs to go to school. Maybe your baby will be born. Maybe you’ll be out the money for this, for it, and so on. Do not get when you need money, money is still in the hands of others.

If necessary, you may also budget some money to lend. That is, although not every month there are people coming to borrow money to you, but you can stay alert in case a friend or relative you want to borrow money without you having to reject it because you already have the funds and you rate them deserve to be helped.

2. Carefully before giving
Try carefully before you lend money to others. All you have researched is “the person’s ability to repay its debts”. This is also done before the banks lend money to clients who want to borrow money. Maybe some of these questionnaires can be useful, when there are people who would borrow money to you.
• Who is he? What does he do? Is she a relative or friend?
• For what purpose he had to borrow money?
• Urgent or not of those needs?
• What guarantees are promised? Does he pledge his property does not guarantee anything and only had a verbal promise?
• Does he have a history of borrowing money to you or others? How to “fate” are debts? Are these debts can nonpayment or not?
• When will he return the debt? Is the promise it makes sense or not when adjusted to the background?
From the list of questions above, you can judge for yourself whether the person you wish to lend the money is deserve or not.

Related posts: