If you fail to gambling and you can not pay the loan it was a nightmare. I do not recommend .
yeah this possibility is always there, so never give loans to the gambler,even though it was my friend
never say never, one day there is a time we should lend them money whatever the reason,
even for gamble and even it is someone who we don't know.
borrowing money for gamble is bad but not always.
no, i think borrowing money for gambling is always bad, What you can be sure that you can always to win at gambling?
That is true but most of these gamblers will not tell lenders that they are burrowing money for gambling because they know that if they disclose that they will not get loan.
It's common knowledge that lending money for gamblers is bad, but what MinerHQ is saying is that gamblers won't tell you if they are borrowing money for gambling, so it's hard to tell if they are borrowing money for gambling or not. My advice would be to make sure they have valid collateral to minimize losses if the gambler cannot pay back his loan.
So when someone borrow it from you and they said they needed for their family but in the end he use it for gambling. What are you gonna do? Did you even follow him in everywhere, because when they need money most of them find many ways to earn it included cheating their only bestfriends. Until they dont know where to borrow again then they will go to loan shard to borrow with a higher interest
