Borrowing Vs Lending ; Which Are You Comfortable With?

Discussion in Loans started by Heatman • Oct 9, 2017.

  1. Heatman

    HeatmanActive Member

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    Are you more comfortable lending money to people, be it your friends or a stranger or are you more comfortable borrowing? Personally, I really don't fancy borrowing money from anyone or anywhere, not banks or cooperate individuals.

    This is actually because I don't well being a debtor. It deprives me of my peace and rest of mind and body. It practically gives me a push up in my blood pressure should I by accident bump into the individual that I borrowed such fund from.

    What's your pick, borrowing or lending?
     

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  2. mildredtabitha

    mildredtabithaActive Member

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    I am not comfortable with either. I really don't like borrowing because it isn't a good feeling when you can't do something for yourself. When someone knows that you depend on them, they will try to control you.

    I am also not comfortable with lending. I can do it once in a while but it is really hard to determine the credit worthiness of a person unless you lend them money for the first time. Also, someone can take advantage of your kindness.
     
  3. nangk08

    nangk08Active Member

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    I am neither comfortable with borrowing nor lending. I have borrowed money from banks in the past and until I didn't pay off the last bit, I simply could not relax. So unless and until, it is really really necessary I would not borrow money from banks, I would never never borrow money from individuals - be it family or friends. I would also avoid giving money to people I know as a loan because I have had really ugly experiences while getting the money back.
     
  4. Alexandoy

    AlexandoyWell-Known Member

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    Some friends tell me that I have been a changed man. Where before they could borrow money from me so easily and not pay it back, now they have to pass by the eye of the needle, so to speak. When it comes to borrowing, I evade as much as possible. There are times that I help by giving but not by lending. With borrowing, it is now the bank that we turn to because borrowing money is the root of quarrel among friends and relatives.
     
  5. Heatman

    HeatmanActive Member

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    You definitely understand my predicament with lending money to friends. The problem is that you would have difficulty in asking them to pay you back considering that they are friends. Some dubious friends tend to take advantage of their friendship with others and make away with their money.

    If you try making a case out of it, people would label you the wicked and insensitive friend, without knowing that you are the one on the suffering end.

    Like you said, I really try so hard to avoid lending money to friends, but rather I would offer grant on how much I could easily give for free. This makes issues less for me.
     
  6. dane

    daneMember

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    I don't believe in lending friends money or borrowing from friends. If I'm ever in a financial fix, I would rather look to borrow from the proper, official sources like banks or the short term lenders than to borrow from friends. Also, I would never lend money to a friend. If I have the money, then I would rather give it to them than lend it. I've had a few experiences with lending money to friends that have left me wary of doing that ever again in the future.
     
  7. kamai

    kamaiActive Member

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    I am very uncomfortable with both actually. I really am imbarrased when I have to borrow money because I know what the other person thinks and what they think is if I will ever pay them back. I really hate to let people know that sometimes I have money trouble and that I am not able to do things myself sometimes. For letting borrow someone money it is also uncomfortable as I really don't know if they will pay me back especial because I know I will be needing it back because I am also in need.
     
  8. Heatman

    HeatmanActive Member

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    Friends are the biggest liabilities one could ever have, and the funny thing is that you cannot easily ditch them in your good times, otherwise they would have a great scorn for you and painfully saying that you dropped them because things are good now for you and you decide to dump them.

    What I prefer to teach friends how to make money than just be lending them money. Lending them money would make them perpetual slave to you and they will keep asking for more and you will eventually keep on giving them.
     
  9. PriscillaKing

    PriscillaKingNew Member

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    "Neither a borrower nor a lender be" is generally a good idea, I think.

    I like sharing and trading better than borrowing and lending.

    On the other hand, I'm quite comfortable borrowing from public libraries--that's what they're for.
     
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