Every person in his life has at least once been in a situation when he vitally needed additional money.
In such a case, the idea that immediately comes to mind is to ask a friend or loved one to lend you money for a certain period of time.
Of course, helping such a person in this situation is, on the one hand, the right thing to do.
However, not everyone will be ready to return the promised amount within the allotted time. In this regard, it is necessary not just to help out a friend thoughtlessly, but first of all to determine whether he will really return the funds.
In this case, you can try on the role of a bank that does not give loans to just anyone. Before this, the bank evaluates all the risks, based on which it gives its final consent or refusal to issue funds.
Before making a final decision, a bank employee takes into account the following aspects:
- the amount of funds borrowed;
- for what purpose do you need money;
- credit history status;
- the client's solvency and income level.
When considering the amount of funds requested, it should be taken into account that only available funds can be lent. In turn, you should not lend more than 15% of your available savings. Even if a close friend needs money, you should not bail him out with all your available money.
It is also necessary to find out the purpose of the loan, as the funds may be needed for gambling in a casino. In case of loss, the person will probably start asking for even more, and there is no hope of getting the funds back in such a situation.
It is worth borrowing only if it is really necessary. For example, a person does not have enough for food or utilities.
In order to understand whether a friend will return the money or not, it is not necessary to ask him to show his real credit history at the bank. If the request to borrow money occurs for the first time, then you can ask for help from your friend's acquaintances who have already had such experience.
If there were problems with the return of funds, you should not continue the number of those to whom he did not return the money. However, if the debt was returned on time, based on the needs of the friend, you can make a final decision.
Another important criterion is the level of income. If a person asks for a large sum, but his earnings are very modest, there is a high probability that he will have to try on the role of Robin Hood.
Ultimately, no matter how close a friend is, lending your savings to someone should be done wisely.
Earlier I talked about whyrich people think differently.
