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I Need To Borrow Money From A Friend Or Family Member, How Do I Do It?

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    Firstly, this is a very worrying thing to do, it usually causes problems within a friendship, because our friends and family are the people we most easily take advantage of and take for granted.  That's a very bad thing, but it's true.  So when you borrow money from a loved one, it is that person who becomes your lowest priority.

    I would say always choose a family member to go to, this will prevent your friendships from getting damaged.  

    When you ask a family member, don't dress it up, don't butter them up, it doesn't feel genuine.  Instead, just explain why and how much and most importantly how and when you plan to pay them back.  This can sometimes be very difficult.

    I would say that half the time, you should probably avoid borrowing money from anyone unless its absolutely necessary, as Polonius said in Hamlet (and my mother quite often), Neither a borrower nor a lender be.
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    Epictetus 

    answered 3 years ago

    Borrow from a bank and if they won't lend it, no one else should.. you're a risk and you're taking advantage of someone who loves you.
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    Jeanne1000

    Jeanne1000

    commented 2 years ago

    If you must and only if you must .. then set up a repayment plan and offer collateral (give them the title to your car)... hey, they're trusting you! FIRST, try to borrow from a bank or sell stuff or work more... last resort is EVER to borrow ... it will put a strain on the relationship!
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    Jeanne1000

    Jeanne1000

    commented 2 years ago

      I think that borrowing money from friend is not bad.however, you should give it back on time and never think that you could spend all money without giving back
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      Guest

      Guest 

      answered 7 months ago

        Ask them nicely...
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        Missmam1 

        answered 7 months ago

        Don't borrow money from a family member since you put the family member in a bad situation. If you can't get a loan, you can't pay back the money you borrow .  Get a job or get a life.
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        Guest

        Guest 

        answered 7 months ago

        Just ask im sure the'll understand
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        Guest

        Guest 

        answered 6 months ago

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