If you intend to help out a loved one who has found himself in a difficult situation by lending him N-th amount of money, do it correctly so as not to lose funds and remain on good terms.
Say yes only if you are really ready.
Remember, refusing a request to lend money does not make you a bad person - on the contrary, if you grant the request when you do not have such an opportunity, you risk feeling offended, which means that the relationship will deteriorate even before your friend returns the amount borrowed.
If you are not ready to give a loan, just say: “I would be glad to help, but I don’t have the money right now.”
Specify exact terms for debt repayment
Forget the expression "Pay it back when you can." Instead, discuss the situation, as they say, on the shore - when, at what interest rate and in what parts you will get your money back.
Make a written contract
Experts advise concluding an agreement even for small amounts - this can be done independently, but when it comes to large investments, it is worth contacting a lawyer.
Don't allow the borrower to miss the payment deadline
It is not worth forgiving the delay. In this case, we recommend returning to the previous point - the contract - and specifying a penalty for late payment in it.
To avoid regretting that you once acted as a banker, set a period when the borrower can return the money without a penalty, and if it has long passed and your friend still does not get in touch, consider resolving the issue in court.
Earlier welisted the signs that will help you understand that a person is lying to you.
