Ajebo25
Verified member
There are many reasons to which people borrow money some people borrow money as capital to start their business while some use it for medication other people use it for emergency and some for personal use only but the one thing you should always think of whenever you want to borrow money is how you are going to pay the money back because borrowing money is easy but returning it back is when it becomes a problem there are many ways by which you can get money bank usually offers money to people in exchange for collateral if you don't get the money back to the bank before the agreement date which you signed that you were going to return the money the property which you left as collateral will be taken by the bank without refund you won't be able to retrieve it ever again.
Now this is the more reason why people like borrowing money from a friend or someone they know because they can easily go to that person and still talk to him or her to give them more time to pay back the money unlike the bank where they work with time you can't go there and pick them when it is time for you to pay your money back and didn't pay so which do you think is advisable to lend money from a friend or the bank?
Now this is the more reason why people like borrowing money from a friend or someone they know because they can easily go to that person and still talk to him or her to give them more time to pay back the money unlike the bank where they work with time you can't go there and pick them when it is time for you to pay your money back and didn't pay so which do you think is advisable to lend money from a friend or the bank?