My view towards lending and borrowing money…
- I don’t lend money to family or friends period. Majority of the time you probably won’t get it back. If you do lend people money, you probably are giving it to them.
- If I need money, I go to the bank. If I go to the bank to borrow money… I know that I have to pay it back or they will take my collateral. If I don’t pay it back soon, I will pay interest. If I don’t pay it back period, they take me to court.