Topic: How do you handle borrowers? (Read 1109 times)

If you want to live long as a woman or man never you borrow money to your family members because, they will not show any sign of pay you back the money because they will think that you are their sister or brother and, you will not have the mind to use the police to arrest them than to leave the money for them.

You can use someone name to borrow them the money and they will take it serious to work hard to ensure the date he or she fix for the returning of the money will not pass without making the money available because, they will fear to return the money when you use other name to borrow them the money which is the strategy I use to borrow my childhood friend money.

Lets understand that lending can be of two different reasons which is either you are lending to help someone out to solve their issues and expects a repay without an interest of profits or you are lending and expecting returns with an interest of profits.
So in this case of lending without interest of profits returns, we can lend only what is obtainable to loose because it could be assumed that there is a little familiarities between you all, do conciousness of fighting with some familiar to you at the cause of inability to payback should be observed not to bridge your connections so, it is early better you lend what is affordable to loose.

But on the side of expecting an interest profit returns, it could be assumed that it is a source of income for you do, basically you do not only lend what is affordable to loose but also amount you find treasuring because it is assumed you are bearing the risk of chasing profits but to be on the secured side of it not to get your valuable lost if impossible to repay back, then you can always demand for a collateral to defend your treasure if not able to get back your returns.

And then borrowing to the family, you can always help them out with as much as your ability can bear without a significant of borrowing because it should be assumed that it is your responsibility to help your family members at things they lacks which you are in position to help.
But while helping family people, do not let to be override and be watchful before your kind giving hearts makes your life miserable of helping ungrateful people and where it could affect your finances from stagnations.

Lending money to a family member is not very much ideal to me because it's very difficult to retrieve that money back from them, and most times if you insist on going all out just to get back your money, it will definitely spoil the relationship between you and that person, so it's best you don't borrow any of your family member at all, if they ask you to borrow any money to them, you can give them like half of it or  anything you have, but don't have it at the back of your mind in retrieving that money back, so that your relationship with them will be intact,  I say so because retrieving back borrowed money from relatives always end up in broken relationship, so it's best not to borrow in the first place.

Great idea! You appear to be taking similar approaches in different parts of your life when considering the possible advantages and dangers of making a choice. For example, while making a professional choices, it's possible that weigh the possible advantages of choosing another position, such as more income or more fulfilling work, against the possible risks, such as reduced secure employment or an extended trip. It's a matter of hitting the right point and choosing the best option for you. It's a very practical way of observing matters, and it's an extremely useful ability to have. And it's wonderful that you're prepared to help those who are closest to you without asking something in exchange.

You are right.  Lenders need to be very sensitive and do this with wisdom , they really need to know the real person they are lending to , and lenders need not borrow  people money thst will affect them and cause problem to dem . Because people who comes to borrow money they like using advantage of people especially when they know the person they collected money from is not a troublesome person  they would want not to return the money again.

No matter the situation I am, I've always prevent borrowing from banks because this is where the issues used to come from.
It is very easy for us to borrow from friends and pay back without any issues or plenty of interest like the bank would always want to charge us. I don't like borrowing and that is why I've been making savings so that when I have problems I would be able to resolve it without going out to borrow since no one cares about us in the outside world.

Lenders must be sensitive and understanding, but they must also exercise vigilance to prevent reckless borrowing. I believe it are essential for lenders to have rules and processes in place for dealing with these circumstances, and to properly express them to borrowers. This way, everyone knows what to expect, therefore there are no disappointments. On the contrary, by working with borrowers to find a way out, lenders can assist them get back on schedule and avoid skipping; however, some borrowers will keep breaking the regulations and rules, thereby causing problems.

What's really interesting a lot of this being extracted behind AI models to determine risk when a guarantor is determining whether someone is too risky to cover. So a lot of the details can be removed to just the key points that make the AI decision.

Yes, if you want to stay from problem it is better not to lend family members and friends money because doing this is a big risk. If at all you want to lend family members and friends money just have it in mind that getting the money back is under probability,  you may not likely get back the money again. If you are not sure if the money can be gained back no need to lend the money out because demanding it back can cause serious conflict.

The guarantor needs to know the reason and purpose of the lender for taking the loan so that the borrower is liable to them. At the same time it is ascertained whether the borrower can repay the loan taken or not. Before becoming a guarantor the terms of the loan agreement should be well known and understood. If the borrower fails to repay the loan the guarantor will be obliged to repay it consider whether you can afford to pay that amount.

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.

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.

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.

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.

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..

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.

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.

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.

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.

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.