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Personal loan
Which is more advisable lending money from bank or friend?
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[QUOTE="Sotherefore, post: 247986, member: 27033"] It would depend on so many things . One of the most important thing is my relationship with the friend I am interested to borrow this money from . As we all understand , there are some of your friends that you can't possibly borrowed money from because of so many reasons. Another possible reason why I might not likely be comfortable to borrow money from my friends is because money issues is likely to cause problems between friends most of the time . In this case I'll always try as much as possible to avoid anything that could make me get into trouble with someone I am having as friends. If I borrow money from the bank , it will be much more simpler because I will know it is an official company and I will try as much as possible to raise back the money and paid on time . The same may not be applicable if I am borrowing money from a friend because in most cases since it is not an official organisation , I will likely relax and if care is not taken I may not likely be able to pay back the money I have collected . [/QUOTE]
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Which is more advisable lending money from bank or friend?
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