Quote from: Mastsetad on September 30, 2016, 07:19:09 AM

Quote from: jossiel on September 30, 2016, 07:15:36 AM

Quote from: Sarthak on September 30, 2016, 04:45:39 AM

If it's desperate, then I would consider asking my friends and family first. If that doesn't work out(which I'm sure will) then I'd try to take a loan with a collateral. And If that doesn't work out too, then I'd consider selling the collateral for a low price. If I were in desperate need for money..

I'm assuming the money is not a very very large sum

If I am desperate in need for money I will not go to the bank because if I will going to take a loan there are just going to reject my application.

Because I don't have stable job and I don't like to pay interest rates that they are going to put to the borrowed money.

I will just going to use my savings if I am really desperate.

If someone has savings then he probably doesn't need to borrow money from a bank or someone else, but if the case is different from yours means if someone does not have any savings then he will be compelled to take a loan or borrow some money from someone.

That depends on the amount of savings you have, if you have more needs than your savings then you have no choice but to borrow money from the banks, it does not matter if you will pay the interest as long as you will be able to solve your problem because you are in desperate needs.