Re: Loans too risky?

Loaning money for example is going to cost you more money so in fact you have to pay for money. But you should only take a loan for something important that you need in live. Do not take a loan if you do not have a good reason to do so.

you may be able to borrow from your friend or relative so it will not be charged.
yes you are right, borrow when we have something that is really important. or borrow when we were able to return it. because otherwise, it would be a risk.

Yes indeed but I think even with a relative it can be risky, I do not like to loan a lot of money to someone because its in my eyes way too risky to do these days..

Yeah having a loan to someone whether it is your relatives or not is not quite a good idea. Refrain from having a load as much as possible as it will cost you more money to pay because of the fee allotted to it. But in case you really need to have money but you cannot suffice that. Make sure to find someone who can lend you money with just a small interest or no interest to prevent you from having a money loss.

Lending you some money without interest would be very rare unless if you have true friends and family members but as we all know that if we are talking money they would like to have interest or fee on it because money nowadays is very important and thats the reality.

That's what you call you lend money for humanitarian reason, of course if you are in ta business you would not do that as you main concern is liquidity and profit, maybe if you have friends who are in desperate need of money then you can lend without interest.