Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❓ASK Do you recommend giving loans?

Reznov

Emerald Member
LV
0
 
Joined
May 17, 2019
Messages
3,981
Reaction score
460
Points
170
Awards
3
Age
23
Location
Morocco
BMF Points
$433
Rating - 0%
0   0   0
As my parents own a clothes store, sometimes people have to get clothes and pay you later (only if you know, and if they live in the nearby), but not all of pay back in time or even payback, which is a kind of loss if you calculate it, but sometimes giving loan to people makes you gain clients that keep coming a lot of time, so that's like a 50/50, do you recommend giving loans or not and why ?
 
As my parents own a clothes store, sometimes people have to get clothes and pay you later (only if you know, and if they live in the nearby), but not all of pay back in time or even payback, which is a kind of loss if you calculate it, but sometimes giving loan to people makes you gain clients that keep coming a lot of time, so that's like a 50/50, do you recommend giving loans or not and why ?
I can recommend giving a loan out ,but it will be a physical deal ,and not electronic .But I don't recommend me taking or requesting for loan especially from banks,the risk is too much.
 
That's another difference between forex and crypto currency right there forex is not staying on government radar like crypto most government want to ban.
Am not sure if the government will even going to think of banning forex , because it's a currency exchange platform and the banks actually trade forex same with the government
 
As my parents own a clothes store, sometimes people have to get clothes and pay you later (only if you know, and if they live in the nearby), but not all of pay back in time or even payback, which is a kind of loss if you calculate it, but sometimes giving loan to people makes you gain clients that keep coming a lot of time, so that's like a 50/50, do you recommend giving loans or not and why ?
No i don't recommend giving out loans because there is always a risk of not getting paid if i do decide to give out a loan i would have make sure that there is written agreement or proof stating the terms and conditions.
 
Before giving out loans to anyone, the first thing you should make sure of is what they will use the money for. If it is business, you have a shot and chance of getting it back.
Yeah, it is best to check their capability of paying back the loan. That is why most instituitions check a person's credit history before giving out loans.
 
I can not give amount of money that I can not afford to people as alone, because it's so difficult for some people to return a money they collect back.
 
As my parents own a clothes store, sometimes people have to get clothes and pay you later (only if you know, and if they live in the nearby), but not all of pay back in time or even payback, which is a kind of loss if you calculate it, but sometimes giving loan to people makes you gain clients that keep coming a lot of time, so that's like a 50/50, do you recommend giving loans or not and why ?
I'll only recommend giving loans only to people you know they can pay back. I also advice against giving loans to family members.
 
It is good to give loans because even you yourself don't know when you too might need it too,but when giving loan it has to be a trusted person. Someone is worthy enough not to abscond with your money and mind the amount your loaning to people.
 
It is good to give loans because even you yourself don't know when you too might need it too,but when giving loan it has to be a trusted person. Someone is worthy enough not to abscond with your money and mind the amount your loaning to people.
Yeah I believe when giving loans we should also note the kind of person , get all the important information and collateral from the person ,so the person won't find it easy to abscond with your money
 
Yeah I believe when giving loans we should also note the kind of person , get all the important information and collateral from the person ,so the person won't find it easy to abscond with your money
It is more reason why Banks ensure you have very reasonable collateral that they easily as access in case the person abscond before they give out loans.
 
It is more reason why Banks ensure you have very reasonable collateral that they easily as access in case the person abscond before they give out loans.
They won't be in so much loss ,they would be able to use the collateral to cover up for the loan ,and I noticed that the collateral must bypass the borrowed amount
 
When you are taking loan the bank will ensure they do evaluation of your assets to know if it worth the loan you are taking from them before it is disbursed.
 
Yeah, it is best to check their capability of paying back the loan. That is why most instituitions check a person's credit history before giving out loans.
Yes, that is the very important thing to do before you give out a loan to someone, because some people very weaked, they can run away with your money if you don't becareful.
 
You can do that to your friends who you trust or simply render help if you can. I am not a mortgage bank for people coming to take loans from me.
Friends seems to be the most difficult set to offer loan too , because chances of getting back the loan is very slim and you can not be paying too much pressure on him to repay the loan ,unless you want to spoil the friendship
 
Friends seems to be the most difficult set to offer loan too , because chances of getting back the loan is very slim and you can not be paying too much pressure on him to repay the loan ,unless you want to spoil the friendship
Lol, you talked right dear, friends can be even difficult to get a loan back from them, especially when they are closer, if we force them it will be like ruining the friendship. So the best it's borrow when you know your friend can afford it and pay at the right time.
 
Lol, you talked right dear, friends can be even difficult to get a loan back from them, especially when they are closer, if we force them it will be like ruining the friendship. So the best it's borrow when you know your friend can afford it and pay at the right time.
The best is just to grant them money if they are in need of the loan and forget about it , because it's definitely going to take time trying to collect the loan back
 
The best is just to grant them money if they are in need of the loan and forget about it , because it's definitely going to take time trying to collect the loan back
Yes, you're right, give them funds when they're in need and never bother to worry about the money being paid on time provided that such a person is a friend indeed.
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.