If you were in desperate need for money.... - page 102.

agustina2

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Quote from: freedomgo on September 30, 2016, 04:48:14 AM

There will be nothing better that you family because they understands better, if they can lend you money then it's good because they will not pressure you to pay right away but do not abuse them, you also need to pay as agreed.

And in the times that people needs money again, they can easily get help to those persons they asked for a loan if ever they have a good record of paying back the loan without any problem.

That is the problem sometimes by some of the persons, they didn't able to pay back the loan on the agreed time that's why next time they needed it, they really goes in a hard process before they can able to get another loan.

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Quote from: phreaky on September 30, 2016, 04:04:32 AM

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Quote from: dandroid on September 23, 2016, 04:51:32 PM

I would consider selling things that I don't need, or that are not very important for me in my daily life. Then I would use part of the earned money to invest in something with potential to give me profit.

Yes its a wise idea than to borrow money to someone with interest. i would also sell the things that is not really important, but to prevent that scenario its better to start saving so you will have money to spend incase you badly need it.

I think if we can generate the habit of saving on regular basis then we will never face such tough situation when we need to spend some things or borrow it from people around us.

well yeah, i think saving is always a good decision to make right now, and you would never need money

Yep that's why you save an emergency fund just so you don't have to ask this question to yourself ever.
But if in need of desperate money I would resort to family since I can trust them and they can trust me. I'd borrow from them and pay it back asap.

There will be nothing better that you family because they understands better, if they can lend you money then it's good because they will not pressure you to pay right away but do not abuse them, you also need to pay as agreed.

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Quote from: 2legit2 on September 27, 2016, 07:04:16 PM

Quote from: gerXhonza on September 24, 2016, 09:08:37 AM

Quote from: lienfaye on September 24, 2016, 06:45:13 AM

Quote from: dandroid on September 23, 2016, 04:51:32 PM

I would consider selling things that I don't need, or that are not very important for me in my daily life. Then I would use part of the earned money to invest in something with potential to give me profit.

Yes its a wise idea than to borrow money to someone with interest. i would also sell the things that is not really important, but to prevent that scenario its better to start saving so you will have money to spend incase you badly need it.

I think if we can generate the habit of saving on regular basis then we will never face such tough situation when we need to spend some things or borrow it from people around us.

well yeah, i think saving is always a good decision to make right now, and you would never need money

Yep that's why you save an emergency fund just so you don't have to ask this question to yourself ever.
But if in need of desperate money I would resort to family since I can trust them and they can trust me. I'd borrow from them and pay it back asap.

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Quote from: Doms on September 29, 2016, 06:51:24 AM

That is why emergency funds shouldn't be taken for granted and not be considered as optional. We should be able to build an emergency fund that is equivalent to 3 to 6 months of what we spend. Better if we can make it bigger so that when the time comes that we are in dire need of money, there is some emergency fund on standby. And even if it is not enough, that should serve as a first aid.

Some say it will be idle money because it will just be sitting in your bank account without earning money. But emergency funds are life savers. Everything else in life can be planned but emergencies cannot. Emergency funds answer for those needs.

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Quote from: Mastsetad on September 30, 2016, 03:19:09 AM

Quote from: jossiel on September 30, 2016, 03:15:36 AM

Quote from: Sarthak on September 30, 2016, 12:45:39 AM

If it's desperate, then I would consider asking my friends and family first. If that doesn't work out(which I'm sure will) then I'd try to take a loan with a collateral. And If that doesn't work out too, then I'd consider selling the collateral for a low price. If I were in desperate need for money..

I'm assuming the money is not a very very large sum

If I am desperate in need for money I will not go to the bank because if I will going to take a loan there are just going to reject my application.

Because I don't have stable job and I don't like to pay interest rates that they are going to put to the borrowed money.

I will just going to use my savings if I am really desperate.

If someone has savings then he probably doesn't need to borrow money from a bank or someone else, but if the case is different from yours means if someone does not have any savings then he will be compelled to take a loan or borrow some money from someone.

LOL that's really fun,if someone just in need of money but have saving there's no way he can feels desperate,he just need to take out the funds out of his piggy bank and the problem solved,and as you say in this case the person don't even have any saving left

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Quote from: Mastsetad on September 30, 2016, 03:19:09 AM

Quote from: jossiel on September 30, 2016, 03:15:36 AM

Quote from: Sarthak on September 30, 2016, 12:45:39 AM

If it's desperate, then I would consider asking my friends and family first. If that doesn't work out(which I'm sure will) then I'd try to take a loan with a collateral. And If that doesn't work out too, then I'd consider selling the collateral for a low price. If I were in desperate need for money..

I'm assuming the money is not a very very large sum

If I am desperate in need for money I will not go to the bank because if I will going to take a loan there are just going to reject my application.

Because I don't have stable job and I don't like to pay interest rates that they are going to put to the borrowed money.

I will just going to use my savings if I am really desperate.

If someone has savings then he probably doesn't need to borrow money from a bank or someone else, but if the case is different from yours means if someone does not have any savings then he will be compelled to take a loan or borrow some money from someone.

That depends on the amount of savings you have, if you have more needs than your savings then you have no choice but to borrow money from the banks, it does not matter if you will pay the interest as long as you will be able to solve your problem because you are in desperate needs.

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Quote from: jossiel on September 30, 2016, 03:15:36 AM

Quote from: Sarthak on September 30, 2016, 12:45:39 AM

If it's desperate, then I would consider asking my friends and family first. If that doesn't work out(which I'm sure will) then I'd try to take a loan with a collateral. And If that doesn't work out too, then I'd consider selling the collateral for a low price. If I were in desperate need for money..

I'm assuming the money is not a very very large sum

If I am desperate in need for money I will not go to the bank because if I will going to take a loan there are just going to reject my application.

Because I don't have stable job and I don't like to pay interest rates that they are going to put to the borrowed money.

I will just going to use my savings if I am really desperate.

If someone has savings then he probably doesn't need to borrow money from a bank or someone else, but if the case is different from yours means if someone does not have any savings then he will be compelled to take a loan or borrow some money from someone.

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Quote from: Sarthak on September 30, 2016, 12:45:39 AM

If it's desperate, then I would consider asking my friends and family first. If that doesn't work out(which I'm sure will) then I'd try to take a loan with a collateral. And If that doesn't work out too, then I'd consider selling the collateral for a low price. If I were in desperate need for money..

I'm assuming the money is not a very very large sum

If I am desperate in need for money I will not go to the bank because if I will going to take a loan there are just going to reject my application.

Because I don't have stable job and I don't like to pay interest rates that they are going to put to the borrowed money.

I will just going to use my savings if I am really desperate.

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If it's desperate, then I would consider asking my friends and family first. If that doesn't work out(which I'm sure will) then I'd try to take a loan with a collateral. And If that doesn't work out too, then I'd consider selling the collateral for a low price. If I were in desperate need for money..

I'm assuming the money is not a very very large sum

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Quote from: carlfebz2 on September 29, 2016, 11:50:27 PM

Quote from: Mr. Big on September 29, 2016, 10:49:34 PM

Quote from: Mr.grin on September 29, 2016, 07:31:26 PM

everyone has his own way to make money. might be important if in a state they do not have the money, maybe the best way is to borrow it, even though it was very risky. however, it will be very difficult to reverse if they borrow in large amounts. so, although it is the best way, but it is not recommended, because borrowing very risky if you are not able to return it within the specified time

When you are desperately in need, you won't be thinking too much about interest and how you will pay it, the important is you could produce the money you need... Best example of that is when we are in an emergency and the problem was too bad ( between life and death scenario ) I think you won't be thinking too much about the drawback of borrowing..

We should really consider this scenario which we would need to borrow money at any cost because we are talking about life here and you were right you wont mind anymore about the risk and interest of the said amount because you are in middle of a situation and you wont risk the life because of interest. lol

you should always think ahead about these things not thinking about it when it happens. so when you think ahead of time you save up and set up an emergency fund for that particular emergency that makes you need a loan. or you can always sell some stuff to make that money or borrow from a friend.

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Quote from: Mr. Big on September 29, 2016, 10:49:34 PM

Quote from: Mr.grin on September 29, 2016, 07:31:26 PM

everyone has his own way to make money. might be important if in a state they do not have the money, maybe the best way is to borrow it, even though it was very risky. however, it will be very difficult to reverse if they borrow in large amounts. so, although it is the best way, but it is not recommended, because borrowing very risky if you are not able to return it within the specified time

When you are desperately in need, you won't be thinking too much about interest and how you will pay it, the important is you could produce the money you need... Best example of that is when we are in an emergency and the problem was too bad ( between life and death scenario ) I think you won't be thinking too much about the drawback of borrowing..

We should really consider this scenario which we would need to borrow money at any cost because we are talking about life here and you were right you wont mind anymore about the risk and interest of the said amount because you are in middle of a situation and you wont risk the life because of interest. lol

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Quote from: Mr.grin on September 29, 2016, 07:31:26 PM

everyone has his own way to make money. might be important if in a state they do not have the money, maybe the best way is to borrow it, even though it was very risky. however, it will be very difficult to reverse if they borrow in large amounts. so, although it is the best way, but it is not recommended, because borrowing very risky if you are not able to return it within the specified time

When you are desperately in need, you won't be thinking too much about interest and how you will pay it, the important is you could produce the money you need... Best example of that is when we are in an emergency and the problem was too bad ( between life and death scenario ) I think you won't be thinking too much about the drawback of borrowing..

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Quote from: ttargett on September 29, 2016, 08:13:21 PM

Quote from: BingoDog on September 29, 2016, 11:47:05 AM

If I was in need of money without savings first I would address my close friends and family for help. Also I would try to get another source of income to improve my financial status.

i would most probably borrow some money from my family too because that would be the best thing to do

That's better if you can lend from your family cause you do not need to pay for the higher interest if you will loan from a lending business, we are lucky if we have a family that has a good financial standing in life, if not we will be force to lend in bank or a lending company and will pay the interest expense on our loan.

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Quote from: BingoDog on September 29, 2016, 11:47:05 AM

If I was in need of money without savings first I would address my close friends and family for help. Also I would try to get another source of income to improve my financial status.

i would most probably borrow some money from my family too because that would be the best thing to do

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everyone has his own way to make money. might be important if in a state they do not have the money, maybe the best way is to borrow it, even though it was very risky. however, it will be very difficult to reverse if they borrow in large amounts. so, although it is the best way, but it is not recommended, because borrowing very risky if you are not able to return it within the specified time

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Quote from: Doms on September 29, 2016, 06:51:24 AM

That is why emergency funds shouldn't be taken for granted and not be considered as optional. We should be able to build an emergency fund that is equivalent to 3 to 6 months of what we spend. Better if we can make it bigger so that when the time comes that we are in dire need of money, there is some emergency fund on standby. And even if it is not enough, that should serve as a first aid.

you are right, every person should have some money that they could use if something goes wrong

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Quote from: gkv9 on September 29, 2016, 01:04:09 PM

If I were in desperate need for money, I sometimes used to try to get loans for some extremely terrific conditions that I suffered from... I know that's not a way to get out of this, so I even try to sell some stuff here and try to earn something with which I get a living...

although it was not a good thing but it's the only way we think when desperate need money and because of this we has know how important to saving money.

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Quote from: gkv9 on September 29, 2016, 01:04:09 PM

If I were in desperate need for money, I sometimes used to try to get loans for some extremely terrific conditions that I suffered from... I know that's not a way to get out of this, so I even try to sell some stuff here and try to earn something with which I get a living...

Even I tried to the apply the loan in btcjam many times but not able to get the loan. I got a mail seems to be with not sufficient documents to process the loan. So I lend some with the pawn broker and got some fiat to help my situation.

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Quote from: gkv9 on September 29, 2016, 01:04:09 PM

If I were in desperate need for money, I sometimes used to try to get loans for some extremely terrific conditions that I suffered from... I know that's not a way to get out of this, so I even try to sell some stuff here and try to earn something with which I get a living...

It's not mistake to test and try all the possible options to get money legally if ever people really needs money. In the times of desperation, no need for being a shy one.

What important is, people must able to pay the borrowed money on a given terms so that their image will not be worst and next time they borrow, they will be trusted.

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If I were in desperate need for money, I sometimes used to try to get loans for some extremely terrific conditions that I suffered from... I know that's not a way to get out of this, so I even try to sell some stuff here and try to earn something with which I get a living...

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