For people with financial problems, loans from acquaintances have all the benefits – 0% interest , free repayment time and no reminders for defaults. Lenders, on the other hand, lend money (and often large sums) just for a good word .
It is difficult for friends in trouble to say no and family members at all
But the difference is when a nurse asks for a loan to renovate an apartment or your friend pulls money for rent every month. In either case, you should follow the basic rule :
Always write a contract or other document about the loan
You may be reproached for writing that you do not trust the person concerned, but there is nothing to be done – order makes friends . Moreover, anyone who intends to return the money can not mind signing the form.
The facts speak clearly
We completely hear the arguments – after all, it’s family! We’ve known each other since kindergarten! Unfortunately, little is spoiling relationships as effectively as money . The ePohledávky.cz server last year made statistics whose results speak for themselves:
- More than a quarter of the cases are non-performing debts within the family and among acquaintances.
- Every 7th lender loses his money.
- The average amount of these debts is CZK 110,000 .
- Only less than 40% of debtors respond to pre-trial reminder.
- 15% of lenders start addressing the situation too late.
That doesn’t sound positive, does it? And we still talk about money. No statistic will capture the cooling of relationships and feelings of losing confidence in a loved one
7 steps to a safe family loan
Therefore, always perceive a loved one as a last resort in solving their problems. Also, to be sure that you can see your money again and that your relationships are not reported, follow these steps:
- Be aware of whom you want to borrow – beware of a primary school classmate you have never seen before.
- Ask why he doesn’t want to borrow officially – you may find that he can’t because he already has debts wherever he looks.
- Find out the purpose of the loan – the general phrase “lend me the money, I’m totally broke” never blames anything good.
- Try to find another solution – if your friend doesn’t have food and rent, the loan won’t save him. To help him, help him find a job or buy food.
- Consider your options – whenever you decide to borrow, always keep a financial reserve for yourself.
- Make clear rules – want to know when and how you get your money back. This will avoid misunderstandings about repayment.
Write down everything – the most important point. If anything goes wrong, you will have proof that the person owes you money. A contract or a notarial deed is ideal, but an ordinary bill is also sufficient.