lending money to people. | Bitcointalksearch.org

rodskee

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actually this is depending in the attitude of lender and the character mate .

I think with this thread of yours? i believe that you are good person inside and out, because
if I were that person being denied to get my payment? surely i will never lend people again as I have experienced that
couple of time that is why now?instead of lending , I am giving them small amount if they try to borrow so there is no
obligation to pay but they will be shy the next time they need money.

Quote from: cute nmp on April 03, 2023, 04:14:44 PM

I personally dislike giving loans to people even if they are my close friends cause it usually results to lots of issues.I rather give you the little I can in terms of need that lending out the money,Many people don't like paying back loans which can results to so many problems.

correct, because we are not only losing the money but we are also losing friends in that matter,
because better to let them have hard feelings at least the friendship will remain.

Jinx9975

newbie

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Lending money to friends or family can potentially damage the relationship if not handled well. Consider whether the person has been responsible with past loans - if not, you may want to avoid lending to them.

jrrsparkles

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Quote from: Natsuu on December 11, 2023, 07:56:02 AM

When I lend money, I treat it as an expense. If it’s not paid back, it’s okay because i already expected it for people who borrow money. If it’s paid then it’s better because then I have the same money that I can lend to other people.

You shouldn't be doing this unless you are a loan shark and used to live from the interest coming from lending to others. But as an individual, you should never give money to anyone at all and if it is then it should be based on some kind of guarantee like someone who will promise to payback if that person isn't or the borrower should be close to you and you won't be concerned even if you lose the money.

boyptc

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If they are friends, I am not expecting anything in return. I won't give the exact amount, I'd just give any amount that I am okay to forget it forever.

This is much better if I know the people instead of not lending them and they're going to feel bad about me. How about as a lender, I'd feel bad as well when they can't pay me which has happened for so many times.

So, giving a free amount but can't stretch to what they're asking.

Natsuu

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Quote from: Chinedu kalu on January 02, 2023, 02:39:41 AM

Therefore, don't lend any money that you can't afford to lose.

Right? I consider lending money this way too. I cant believe there’s someone else who do too.

When I lend money, I treat it as an expense. If it’s not paid back, it’s okay because i already expected it for people who borrow money. If it’s paid then it’s better because then I have the same money that I can lend to other people.

Crypto_I.N

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Quote from: Alisha-k on November 27, 2022, 02:23:35 PM

The most reliable person can still fail to payback. I stopped lending money a long time ago instead i give a helping hand and it is an amount i know i can comfortably give out without any obligation to payback. Money lending has destroyed so many relationships and i am very careful not to spoil a long time relationship sake of money. So instead of lending i simply help.

what I feel right now is a very difficult dilemma because what I do may be to help other people's economies because I feel sorry for what I am doing is probably a good thing, but they make promises that maybe many people break the key. , when the time comes for that person to disappear, what we have to do is give up what we have lent

Ucy

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I will likely not demand or take back the money I lend to someone if the person is using the money to finance things that will benefit others/society without charge. If the borrower is talented and knows what he/she is going I will likely lend and never ask for payback. But if he/she pays back voluntarily, I would accept because it's a loan and that depends on whether he can afford paying back the loan.

ndutndut

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giving the forest can cause a lot of problems, including getting us a lot of enemies. This can happen because debt can affect our relationships with other people, especially if the person we are lending is difficult or unable to pay the debt.

cute nmp

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I personally dislike giving loans to people even if they are my close friends cause it usually results to lots of issues.I rather give you the little I can in terms of need that lending out the money,Many people don't like paying back loans which can results to so many problems.

Kath Bliss

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Before giving someone money, you should think about how reliable they are, how much money they have, and how you know them. It's important to figure out if the person is trustworthy and if you can count on them to pay back the money.

Chinedu kalu

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My issue with lending money is that there are sometimes problems with repaying.
Therefore, don't lend any money that you can't afford to lose.

Subbir

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Borrowing and giving money is a very normal thing in most cases, it is seen that many people borrow money and do not return it on time. Then there is a problem there are some people who cannot be foolish enough to lend money because if you lend money to them, you will never get it back. Even if you get it, you will have to suffer a lot there are some people who never spend from their own pocket it is better to stay away from these people.

mvdheuvel1983

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Never give out big loans. Any sum of money you lend to a buddy needs to be one you're willing to lose if they choose not to repay you. If they don't, at least you'll know they aren't really your buddy, and you won't waste any more time or money on them by continuing the association. Friendships have broken apart frequently for money. People have come to me with harrowing tales, saying things like, "The kids need food, I need petrol, and I'll pay you back as soon as I am paid." If they are struggling financially right now, they will probably continue to struggle even after they receive

mich

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I am not a fan of lending money to people. Sometimes someone tells me they will give the money back to me in one week but it will take much longer and this can mess up my plans.
I do not like lending my money out especially if I rely on this money for things like food and other bills. It just becomes upsetting and I grow impatient if people are late so I don't lend money. Sometimes to my family but even that sometimes can go wrong

Desmong

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Quote from: Tallupooh on November 29, 2022, 09:13:43 AM

indeed when we lend money but are not paid back, it is very troubling. I think if the amount of money is small it doesn't matter, but if it's big money it still has to be returned.

reminding people to pay is very difficult, they always shy away and say next time they will be paid. but in reality the money never came back.

8 don't lend money to people when I know that it is going to affect later when I need the money. Some persons are good when we lend them money and will be ready to return the money but there are some bad persons that will be praying for you to forget the money so that they can eat the money. We need to see before we lend out money or we will have to regret our mistakes which might cost us huge loses.

Ebede

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No is not good for someone to borrow money and use it for gambl, because if the game cut and he or she does not have money to pay back to the person that he or she borrowed the money from that can lead to fight or destroying of life and property that can also led he or she to jail

rahmad2nd

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Quote from: Queentoshi on November 27, 2022, 12:10:34 PM

The biggest fear with lending money to someone is getting the money back, and no matter how we decide not to give again after someone we have given before refused to pay back you'll find out that there are still some people that you still give regardless of your strong decision to stop lending money. What are biggest factors you consider before giving to these people? For me, I consider if the person is reliable and someone that keeps to their words, the persons financial status to know if they can actually pay back the money especially when it is a big amount, and I consider our relationship.

Like we borrow money from the bank, everything must comply with the procedure. after that, the money will be lowered if we have fulfilled the conditions. in our lives, it is not uncommon for a friend, family, co-worker to ask for help to be given a loan. or vice versa, we need a loan from colleagues, friends or relatives.

To be honest, I rarely lend money to a friend or relative. I'm not used to lending money to anyone, unless it's something urgent. if you borrow the first money, then there will be a second and so on and then they just go away. as you said, if someone meets your requirements, then you will give him a loan. I won't, but at least i will help her with something else. I can give money at will, or help to find him additional work to earn money. everyone needs money, money will never be separated from our lives. but if you give out a loan and hope to return it on time. then you have to be prepared with arrears of time, or regret because the money never comes back to you.

Rockstarguy

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Quote from: Queentoshi on November 27, 2022, 12:10:34 PM

The biggest fear with lending money to someone is getting the money back, and no matter how we decide not to give again after someone we have given before refused to pay back you'll find out that there are still some people that you still give regardless of your strong decision to stop lending money. What are biggest factors you consider before giving to these people? For me, I consider if the person is reliable and someone that keeps to their words, the persons financial status to know if they can actually pay back the money especially when it is a big amount, and I consider our relationship.

Despite not receiving back money lend to people, that won't stop us from giving, just that when we give and people fail to fulfil their promise of returning back the money it tells how much about them, how to be careful incase of next time. I lend money to people based on trust, but if I think someone is reliable to pay back , even if it is the last money with me so far as I believe the person am lending will pay back i will always give. People must learn to keep to their words, expecially when dealing with money for the sake of trust.

Odo1972

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Quote from: Queentoshi on November 27, 2022, 12:10:34 PM

The biggest fear with lending money to someone is getting the money back, and no matter how we decide not to give again after someone we have given before refused to pay back you'll find out that there are still some people that you still give regardless of your strong decision to stop lending money. What are biggest factors you consider before giving to these people? For me, I consider if the person is reliable and someone that keeps to their words, the persons financial status to know if they can actually pay back the money especially when it is a big amount, and I consider our relationship.

There is saying that says "only lend to people what you can afford to forfeit". This is because even those you believe are reliable might still fail to pay back as a result of one reason or the other. The debtor might lose his job, face a serious financial problem resulting from a failed business and so many other reasons. Always consider the above mentioned reasons when lending money to someone.

Marykeller

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When someone borrows money from you for the first time and doesn't repay it as agreed, it indicates that you won't be able to lend him money again in the future because he broke his promise to pay it back.

Lending money to people can cause friends to be enemies when they are asked to pay back.

The best way I chose to lend money to someone is to have them sign a contract with me stating that if they don't repay me on the specified date, they will lose one of their properties (depending on the amount I lend out)

Topic: lending money to people. (Read 601 times)