Post
Topic
Board Economics
Re: If you were in desperate need for money....
by
agustina2
on 30/09/2016, 17:00:31 UTC

There will be nothing better that you family because they understands better, if they can lend you money then it's good because they will not pressure you to pay right away but do not abuse them, you also need to pay as agreed.

And in the times that people needs money again, they can easily get help to those persons they asked for a loan if ever they have a good record of paying back the loan without any problem.

That is the problem sometimes by some of the persons, they didn't able to pay back the loan on the agreed time that's why next time they needed it, they really goes in a hard process before they can able to get another loan.
We should always remember that, we should maintain our credibility so in times of desperate needs of money we will be able to make a loan from a certain person or from a business establishment, even those businessman, reputation is very important to them because that is there ticket to borrow a good amount of money for expansion of their business or additional capital.

Exactly. Even big persons are doing loan up to now but they are not giving dirt to their names just because of a loan.

So an average joe can do it also. So in times of desperation of money and someone lend us a help, we must pay the debt according to terms. If in the cases that they didn't able to make it to right time, talk to the lender and not just ignored it. Lender likes an update rather than a silent response.