Lending money to relatives or close friends is not an easy task. At the moment when you are asked to provide such a service, you may be confused and not find the right solution. On the one hand, it’s far from a stranger’s help, on the other hand, thoughts of delaying the return appear, or, altogether, that money may not return. Not many people like to call a relative and ask when he can return the debt.
According to one of the social studies, 25% of Russians lend money to relatives and friends. The average loan is about 30,000 rubles, a fairly large amount. To borrow such an amount means to take on a certain responsibility, since the money must be returned and, preferably, at the agreed time. No less serious about the situation will be the “creditor”, who may need this money just at the moment of the return.
Two rules when lending money to relatives and friends
1. This should happen only once. Discuss this with your borrower and, most importantly, convince yourself of this. The only moment that can affect the change of such a decision is a refund in time or earlier, and you should not abuse it, otherwise the meaning will be lost.
2. A fairly good way to decide whether to lend money to relatives or not is the firm thought that you do not oblige your borrower to give money, but simply donate it to him. It should be just a thought, not an agreement with a person. In this case, you have already mentally said goodbye to money and, in the event of non-return, you will not be greatly grieved. But, if you return the money, it will be something like an additional income.
Think About Your Credit History
If this is not about close people, but about acquaintances, it is best to directly express your opinion about this service, carefully weighing your economic situation. If you have an opportunity, but overcome at least any doubts, it is better to refuse, than to worry if they give you a debt or not.
If you know that a person is financially literate and, moreover, thinks about his credit history – you can always advise him to contact our company to borrow money without any problems.