Post
Topic
Board Politics & Society
Re: How do you handle borrowers?
by
Funke
on 15/02/2024, 22:26:46 UTC
How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you. How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?

Lending is a business to someone credit companies most especially in African countries so, the idea of lending what you can afford to forget is a wrong notion.

Try to ensure that every borrower should provide an equivalent property as a collateral. If it is not for profit making then stop borrowing them.