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Lend Money To Other People

Mrs. Jane has been confused. She has just had a call from her relative who wants to borrow money. She doesn’t mention the sum but for her it is quite large. Yet she has its money but she doesn’t like being faced with her relative. She has been waiting her husband to come home, who knows he can help her. Don’t deny the risk whether the money will come back or not be your main reason, right?

Do We Need Lending It?

If we had the money we should have helped other people if we help in the shape of action is no problem but for money? Wow waits a minute! It is undeniable our good willingness doesn’t end well. The turn to borrow money her face is so miserable, but the turn we want it, how difficult it is and the impression is like we are chasing her. And the relationship can be broken just because of loan. Therefore here are several tips before lending money to other people:

1. Look at your financial condition

If you have money, it doesn’t mean you become a bank of other people. Take a look first the probability outcome for next month. Maybe your children want to enter school or you will have a new baby. It is difficult when the money is not in your hand. Or maybe you can budget it, and you can loan to the people you can trust.

2. Search before giving

The thing you have to search is the capability to pay back your money. Make a questioner whether they deserve to get loan or not. Here are the lists you can use before lending money to other people:
“Who is she? What is she? Is she relative or friend? What for she borrow? Business or living need? Is it urgent? What is the guaranteed thing? She gives material or only on word for guarantee? Does she have a good record to you or other people? How is the fate of the debts? Can the money be paid back? When will she return it? Is the promise possible? Than you can judge whether he deserves to get loan or not.

3. Make a record

Don’t be lazy to make on a paper agreement if the money more than one million. And fewer than one million just use a note. You have to write: Who borrow it? how much is it ? And what for and when to return?

When The Loan Has Come To The Deadline

Ok, let suppose we have lent it. And now look like the time to collected and if so there are two kinds of things you have to take care:

1. Collect politely

Everything started with smile runs smooth. Just come to her house and ask about how is her business and family and if she still can’t pay her debt give other chance. And discuss about it more.

2. Willingness to give a part

Maybe this is hard to do. We are difficult to earn just given to other people. Yes if the cost to collect more than your loan just let it.

So, principally in becoming “bank” for other people we help other people.

The more we help the more blessing will come to you. But please, help other people justice, but do it in a smart way. Search and consider before lending money to other people.

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