Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Disadvantages of borrowing money from people
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Carpon, post: 268128, member: 86701"] Borrowing money has it's good and bad side and taking only one side of it may mean imbalance. At many instances you may be having an opportunity to invest and without funds at hand, your only resort will be loan collection. If you are able to make good dividends from such an investment, you see that borrowing has helped you greatly. But indeed as you pointed out in this thread, borrowing can be very disadvantageous and even dangerous. Psychologically, it may even affect your well being and you get stocked with thoughts of his to pay back especially if a means of doing so is not obtainable. Usually the bad part of borrowing is seen when you are unable to settle it promptly. So many people of high repute were disgraced by reason of borrowing and inability to settle their debts duly and promptly. The habit of borrowing is very bad and I will personally advise gay if it is possible, do not even borrow at all. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Disadvantages of borrowing money from people
Top