Just like we have been saying, most of us prefer friends to borrowing from a bank because of their unreasonable interests on loan. But not everyone is gotten a good friend or friends that can loan them money. Some friends are not responsible to the extent of borrowing you some cash. That's why we will still have some people who will still prefer to get a loan from the bank without minding their gigantic interest.
Taking loans can be reputational degrading....I have never fancied taking loans even when you have the ability to pay back. Even from a friend, I despise it. Because your friend too needs money, everyone needs money. That's why I always advice people to always save for some unforeseen circumstances. Though you can't be too perfect, At least it will help when you need it the most.
Definitely. Most of the loan companies will end up wrecking you financially in the name of you bringing back the loan you took from them. That is the reason why I don't advise anyone to borrow instead it is better to start small and grow your business. There are some loan apps that will end up ruining your reputation because you borrowed from them. So generally I don't like taking loans.
Thats is it....Banks are not really friendly when it comes to money business, they may look friendly in advertisement but when it comes to borrowing money from them, we need to be thoughtful before going to them for a loan. So the reliable place to get a reasonable loan is from a friend. If you don't pay back the loan on time a good friend can still understand.
That's the right thing to do.... Friends are mostly good for borrowing some little money, and it won't cause any issue, as the loan will be easier for the borrower to pay back within the agreement time. But when someone wants to borrow bigger amount, the bank is the best place to turn to. Just as you have said! Whichever way, it's good to always return back the money at the agreement time.
Laughs, its easier to recognize a true friend and a bad friend. When you look out the time you spent with your friend, you'll come to calculate how much time he cared for you, and helped you in terms of distress and unconventional times like hardship of money drought. How we'll does your friend talk about you the public, those he or she represent your interest when it matters. If he falls short of all this times don't bother others will tell you your friend is bad, LoL.
Well it's good though because a loan from a friend doesn't attract an interest most times. And it's covers someone with the shame of having to go and borrow from an outside or a loan firm, that does care to disgrace you when your loan repayment agreement lapses. A loan from a true friend is the best or from a family still the best.
