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.

I had a friend mine and he asked me for help him, i had lended the money and he said would repay on the same week, the result of those were 1 year to repay and just repaid me 80% soo if you do wanna to loose a friend lend money to him or her be sure that it might lead into those. Its better to lend to a random person then a friend.

Mixing businesses and friends is always a bad idea, because it will happen what you mentioned in your example, some people will abuse your trust in them and will not fell obligated to pay you back.

Yeah, too many relationships ruined by loans not being paid by friends or relatives. It is bad enough they do not pay on time, and sometimes they get angry as well if you force them to pay. So it is betterto avoid lending to friends and relatives.

Yeah even me, I have experienced that many of my friends borrowed money to me and I am able to give them some loans from my own money and savings. And when they are asking me to lend them money they are just like meek sheeps and they are begging for it. And when the time of collection for their debt I am the one begging now for them to pay me.

Yeah its way better to refuse politely than to go through all of that, it seems they fell the right to not pay you, which is odd since you are supposed to be friends.

That is why I am not engaging more with loans because it is going to risk your money and at the same time that is going to risk your trust , relationship and even life. So for those people who are thinking that there is a great business in lending think again if you are just a small time lender but if you are involved with a company then that's fine.

I have a friend who lend money to his office mates and now he is rich because of that, that example would only prove that we start with being a small businessman and if we can grow that then we will start our own company, lending is good in physical world but not here in crypto world.