Post
Topic
Board Economics
Re: If you were in desperate need for money....
by
Mr. Big
on 30/07/2016, 07:14:56 UTC
Borrow it form family, friends or from the company in which you are working for. Else use credit card and then pay some higher interest . Do some part time job for few months so that you can have extra money and pay it.
We should start borrowing from family members or friends so we cannot bear the interest of the amount borrowed, banks of lending company should just be our last option if we cannot seek help within the group of our family and friends.

I think, it is better if we would make loans first in the company and in banks than asking the help first of our family and friends, I know that they could be a great help, but it's a bit  uncomfortable borrowing on one of the family members, specially if they are not your siblings or your parents... I prefer making a loan first so I won't be owing a debt of gratitude...