Topic: lending money to people. - page 2. (Read 591 times)
Lending money out isn't the problem but receiving it back has been the most difficult hacullian task to do by many debtors, instill don't know what is behind this misery, people will fome begging with tears to borrow money from you and turn the lender over time, i think if we all learn to assist and help each other in need then there may not be enough reasons to have people lending money on a consistent scale since mosst of their needs are meant through individuals help rendered.
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.
I don't think there is any factor to consider especially when it comes to humans, because the number one feature of every man is CHANGE. So even the most decorated persons you feel won't fail to repay might actually fail when its payback time, the funny thing about borrowing is that its very easy to convince the borrower on collecting the money but the time to payback becomes a serious issue. For me I stop lending money to people just like that without you dropping something tangible as collateral in case their is some after story to be told when its time to pay back. With this collateral i will be very sure you will turn up when its time to pay up.
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.
You got it. It is often a problem getting the loaned money back. People tend to change once the needed money has been given to them and their problem solved. They forget there can be another incidence that can make them ask for another loan, even if not from you but from someone else. Words go round. If someone is bad at repaying loans people or friends can spread the news around and others will begin to avoid loaning him or her money. This is what most people do not understand and consider when they want to be stubborn not returning loans. If someone defaults with me, I will not want to loan the person next time. I have also borrowed money from people but I made sure I returned it, even if not at the promised date I made sure I kept in communication with the person and kept assuring them I did not forget the money. Most people just cut you off once they collect the loan so you will not be able to reach them when you want to. That is very bad.
I don't really like lending money to other people, and vice versa I don't really like borrowing money from other people. we learn from experience because if for example we lend money to other people it is difficult to pay because there is no money to pay even though the time is up. no matter how we minimize it, don't lend money to other people too much because our money won't come back the same as what we borrow, over time the value of the money will weaken or decrease
Most times lending money to people who you are in a good relationship with makes no sense because the money usually ends the relationship you have with them. I prefer lending money to strangers because they will be scared not to go against the agreement we had before giving them the money but to friends or people I have good relationships with, I rather dash them an amount of money than lending them because they may not pay back even when they have the money because they feel as someone in good relationship with them, you will have patience till when they make up their mind to pay back. I have tried lending money to so many of my friend but at the end we turn to enemies and I don't get my money back.
I've lent to a lot of people and sadly, the majority of them didn't keep the words that they told me when they were asking me for money. Well, that's fine. I believe in karma and good things will come to me but with what they've done to me, the bad karma goes on them. Considering that someone is really in need of money, I'll only help if it's totally urgent and the situation is too hard to deal with. But at the same time, I've decided not to lend anymore, taking back and asking people to pay their borrowed money is a headache. And it's like if somebody asks me to borrow money like $100, I'll just give him $10 if I've got an extra but I won't let him get the whole amount so no attached feelings on it.
There is no meaning to the borrowing process if the lender does not achieve interest from it. He may not hesitate to lend a friend a small amount in a time of crisis, but this should not be at his expense, especially if the borrower is unable to pay. When the amount is small, there is no harm even if you fail to pay it. For important amounts, it is better to obtain a mortgage in the form of a commodity or savings equal to or greater than the value of the borrowed amount, while ensuring a reasonable profit rate that takes into account the size of the borrowed amount and the period of borrowing. In this way the process can be achieved without the need for a third party guarantor.
This might be true for many lenders, but not for the US and Euro banking systems. They get paid a HUGE amount without there being any interest. Of course, they get more with compounded interest. How do they get paid? Without the interest being included, these two ways:
1. The first way is that they treat the loan paperwork that the borrower signs, as money. The get money from the borrower when they accept the loan paperwork. It is money. Then they give the borrower his green money.
2. They get paid another full loan amount over the term of the loan, as the borrower repays the loan... because he doesn't know that he already paid it with the loan paperwork.
Banks get paid at least twice on their loans.
Sorry, but I don't understand what you mean by worksheets. As far as I know, all banks around the world issue banking products in the form of loans they provide to their customers in exchange for interest rates commensurate with the size of the loan and its repayment period.
Perhaps you mean the fees charged by the bank for processing the loan application file. These are also calculated with the interest of the loan and are deducted from each share of the customer's monthly contribution during the loan redemption period.
There are financial systems that allow banks to sell these loans to other banks or even speculate on them. Remember, of course, what happened with the mortgage crisis in the United States in 2008.
Sorry, but I don't understand what you mean by 'worksheets'. I can't find where I used that word.
However, to see the logic of the value of a signed promissory note, look here https://bitcointalksearch.org/topic/m.61372220. The point is, if you give the promissory note in your loan value by signing it, and then give the note to the banker, you have prepaid your loan... value of your note for the value of the money he gives to you.
It's that simple. So why do you pay the loan off over the next 10 to 30 years (or whatever) since you already prepaid it with the promissory note?
But it is difficult to fight it in court if you don't understand what is going on.
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One of my biggest life lesson is never lend money to people especially to the person you know because its can ruin the relationship mostly they can't be able to pay back from my experience so at the end its a complete loss for me and I don't really want to force then to pay cause I understand their situation and decided to accept my failure.
If people who really have the ability to pay back can actually get the loan from banks so if someone is can't able to get loan then they seek for someone to lend money from their Circle and even if they're not having any evil thoughts at the time, when we seek for pay back then we can see their real face.
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.
Aside from our personal relationship, I always think about a person's source of income before lending them money to determine whether they will be able to repay it on time. Even so, there are some people who are very close to you whom you cannot refuse your money and who will not pay back because they do not have, while others who do have but wickedness will not allow them to pay back simply because they know you cannot challenge them to pay back because of the relationship between us. 
and actually lending money to friends yourself is not good. because there is a group of good friends destroyed just because they borrow money and not return it
It really depends on your friends. Lending money to your true friends (the ones you can truly rely on when you need help) is not a lend to me; it is help for them. I do have friends that really help me in my downfall, so every time they need money (they don't abuse me in lending money), I will always give it to them as long as I have an extra and just tell them, "Pay me once you have an extra." But I always think that they will not pay it, but later on, after a few months, they will that is really the true friends.
but this is just my knowledge, actually best friends don't exist. because a true friend or best friend will be there when we have lots of money in our pockets. but when our money runs out they will surely leave your life soon.
I say this because it has often happened to me.
So basically lending money to the right people, namely having a steady job, that's what's best for me.
There is no meaning to the borrowing process if the lender does not achieve interest from it. He may not hesitate to lend a friend a small amount in a time of crisis, but this should not be at his expense, especially if the borrower is unable to pay. When the amount is small, there is no harm even if you fail to pay it. For important amounts, it is better to obtain a mortgage in the form of a commodity or savings equal to or greater than the value of the borrowed amount, while ensuring a reasonable profit rate that takes into account the size of the borrowed amount and the period of borrowing. In this way the process can be achieved without the need for a third party guarantor.
This might be true for many lenders, but not for the US and Euro banking systems. They get paid a HUGE amount without there being any interest. Of course, they get more with compounded interest. How do they get paid? Without the interest being included, these two ways:
1. The first way is that they treat the loan paperwork that the borrower signs, as money. The get money from the borrower when they accept the loan paperwork. It is money. Then they give the borrower his green money.
2. They get paid another full loan amount over the term of the loan, as the borrower repays the loan... because he doesn't know that he already paid it with the loan paperwork.
Banks get paid at least twice on their loans.
Sorry, but I don't understand what you mean by worksheets. As far as I know, all banks around the world issue banking products in the form of loans they provide to their customers in exchange for interest rates commensurate with the size of the loan and its repayment period.
Perhaps you mean the fees charged by the bank for processing the loan application file. These are also calculated with the interest of the loan and are deducted from each share of the customer's monthly contribution during the loan redemption period.
There are financial systems that allow banks to sell these loans to other banks or even speculate on them. Remember, of course, what happened with the mortgage crisis in the United States in 2008.
and actually lending money to friends yourself is not good. because there is a group of good friends destroyed just because they borrow money and not return it
It really depends on your friends. Lending money to your true friends (the ones you can truly rely on when you need help) is not a lend to me; it is help for them. I do have friends that really help me in my downfall, so every time they need money (they don't abuse me in lending money), I will always give it to them as long as I have an extra and just tell them, "Pay me once you have an extra." But I always think that they will not pay it, but later on, after a few months, they will that is really the true friends.
what I really hate when lending money to friends or other people who are unemployed without a job is when I ask to return the money he borrowed as if I were begging for my own money. very sad
but after several incidents like that I will only lend my money to friends or other people who have a steady job. so I don't have to be afraid anymore to lose my money. because if that person has a steady job, he can return my money with his wages.
and actually lending money to friends yourself is not good. because there is a group of good friends destroyed just because they borrow money and not return it
but after several incidents like that I will only lend my money to friends or other people who have a steady job. so I don't have to be afraid anymore to lose my money. because if that person has a steady job, he can return my money with his wages.
and actually lending money to friends yourself is not good. because there is a group of good friends destroyed just because they borrow money and not return it
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.
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.
I don't like lending people money because to give is easy,but to pay back is a problem, so instead I don't lend money out to avoid misunderstanding when its time to get it back. If it happens that I must lend money out there must be a collateral in replace so that when you can't pay back at the expected time,the property turns out to be mine.
If you don't like the offer the you can leave since this is the only way I can retrieve the money back and let you know that I am mean. I have borrowed money to a close relation that ended up fighting me because I keep asking of the money that i lend him after the time he promised paying back has elapsed,can you imagine this,it seems crazy to me.
If you don't like the offer the you can leave since this is the only way I can retrieve the money back and let you know that I am mean. I have borrowed money to a close relation that ended up fighting me because I keep asking of the money that i lend him after the time he promised paying back has elapsed,can you imagine this,it seems crazy to me.
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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.
No good deed goes unpunished they say which means every good deed comes with a sacrifice no matter how it was but in the aspect of lending people money I come to realize that the best way to not be a victim of people that lend money and never pay back is lending them the money you can easily overlook because in this present economic situation I have seen a lot of good people who are finding difficult to repay the money they borrow and you as the lender may need your fund for an important purpose.
Leading money to people is good and it not good
Why i said so because
Lending money to friends and family can lead to financial problem for you and potential cause relationship damage
Creating boundaries for loan to friends and family can help preserve relationship
And minimize the potential for problem
Lending money to friends can ruin your relationship with the person if he or she refused to pay
Why i said so because
Lending money to friends and family can lead to financial problem for you and potential cause relationship damage
Creating boundaries for loan to friends and family can help preserve relationship
And minimize the potential for problem
Lending money to friends can ruin your relationship with the person if he or she refused to pay
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.
Lending money to someone can cause a lot of problems if the person fails to pay it back. I have had so many issues where people fail to pay me back the funds a lent to them. Currently, I only lend money to people I trust. Others would have to. prove to me that they are reliable before I can give them the money they want. If I don't trust the person, I would only lend the amount of money I can comfortably forgo. Lending a huge amount of money to someone that is not trustworthy would require collateral. And if the person has no collateral I would give the person a little amount that I can forget if the person fails to pay back. In don't consider relationships while giving a loan, but I rely on intregity and.past experience.
What are biggest factors you consider before giving to these people?
I have not lent money many times before.
The few times I have, it has been to people I personally know, I also keep in mind the fact whether they have a job and whether I have lent them money before.
In the case of online lending here on the forum, I would go as far as only concede a loan if there is collateral and a signed message, otherwise I would not feel comfortable managing several loans at the same time.
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.
You cannot easily get the money you borrowed someone, because i believe that borrowing someone money is not easy and that should be the last mistake you can make when you know that you are not strong enough you should not go into such kind of business with empty hands because leading of money do cause a lot of problem. Jump to: