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Personal loan
Reasons why people don't want to lend out money.
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[QUOTE="Caramelle, post: 216936, member: 150"] [JUSTIFY]In many cases, it's not really a choice why someone would or would not want to lend money. We all have our reasons for working hard and earning money. Average people rarely have disposable income and when they do, they usually save the money or allot it for their family's well-being and enjoyment as well as for their own use. That's basically the reason why we have lenders and creditors in our midst. These are people that have purposely set out to lend money and earn profits from such transactions. That said, there are also private people who are in the position to lend money for little to no interest. If you have a relative or friend like that, you can probably ask for help when the need arises. They may even lend money for no interest. However, I would only do so in extreme circumstances and I would commit to repaying the loan in the time and manner agreed upon. Abusing such generosity will have dire consequences such as the loss of opportunity to borrow again from the same person or from another person who may have knowledge of your reputation. Some people who have excess funds just do not want to lend money because they don't want to make a business out of it as it can be a highly stressful business. It is actually a highly regulated industry and without the protection of the law, there is a big possibility of losing your money due to bad debts. [/JUSTIFY] [/QUOTE]
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Reasons why people don't want to lend out money.
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