How to borrow money from a friend

In the midst of a major economic crisis worldwide, many people face financial problems . The accumulated debts and accounts payable generate enormous stress, and the only solution is to ask for a loan. But we do not always meet the conditions to go to a bank, so our close friends often become a viable option. It is normal to think that the situation could become uncomfortable and that we do not know where to start, that is why in .com we give you some tips so you can discover how to borrow money from a friend .

one

The first thing to keep in mind is that borrowing money from a friend should be something occasional or if a unique event is possible. That is to say that it can not become a habit because in the long run you will end up being indebted much more and generating an uncomfortable situation between you and your friends. If you are determined to take the step, then it is best to follow some of the recommendations that we provide below

two

Make a budget to determine how much money you need, this way you will ask what is required to cancel your debts, minimizing the possibility of having to go back to a friend to request more money. In this step be honest and realistic, you have a list of priorities of the financial obligations that you have pending in order to cancel first the most important

3

It is very important that when you borrow money from a friend you do it in person . The telephone or an email are completely impersonal ways to deal with such a sensitive issue. Stay somewhere to have a coffee so that, face to face, you can expose your situation

4

It is important that you explain to your friend why you need a loan and the debts that you should cancel, but without making him feel sorry for your situation. This feeling will not make the situation easier, on the contrary it will inconvenience both. Expose your points honestly but minimizing dramas

5

One of the things that can worry a person the most when making a loan is that they never give back the money. To prevent this from happening and in order to demonstrate your commitment to pay, tell him that you will draft a contract that shows that he has lent you the money, the amount and the deadline that both agree for the return. This, once your friend access, must be signed by both and notarized, a copy for each

6

It is very important to understand that it is possible that your friend can not make the loan, so it is necessary to have another plan to get the money. It is not worth bothering or resenting our friend for this situation, you must remember that everyone has their own problems and that maybe it is not a good situation for him either.

7

If your friend lends you the money you need, be grateful to him. The best way to do it is by paying at agreed times, if possible before. Not returning the money would not only be a kind of theft but would also become completely disloyal, do not forget that it is finally giving you its help when you need it most

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If you can not or can not get a friend to leave you money, you can turn to pages specialized in microcredits such as Credy, an expert in credit instantly and 100% reliable.