That is considered really shady and it doesn't work either because a lot of lender doesn't allow a person to have multiple loans at the same time. Your coffee example is also kinda off, because nobody gives 100% in interest.
You are still welcome you lend to him, but remember the risk is high without collateral.
You are still welcome you lend to him, but remember the risk is high without collateral.
Fortunately, a double coffee is only a bit more expensive than regular variant at my favourite place. But I agree, one should be honest with them when taking loans from multiple members and it makes finding lenders who accept high risk harder, but just like at gambling, I wouldn't put more money into loaning in this way than I can afford to lose. For me, it's like a game. I get excited to find out whether OP'd pay me back or run away.
