How do you spot whether your friend chamberpot afford to lend you the money? He may be embarrassed to admit hes a brusque short of funds himself. Or he might not want to disappoint you. So he lends you the money and thence he needs money, too.
Theres also the pass of when youll pay bum the loan. Its awkward for your friend to solicit for a deadline for repayment. Besides, if youre short of funds, you may not be able to predict when youll pay him back. What about touch on the loan? If its a small amount of money, this doesnt matter. However, if large funds are involved, and you wont be paying it back for a while, should you offer to pay interest?
Should your friend ask you to pay interest? All these issues can result in hurt feelings and can harm the friendship.
Its possible, of course, that if you borrow money from a friend and pay it back in a timely fashion, this will create a special bond between the two of you. Youll know that you can count on your friend when you need help. Hell know youre trustworthy.
However, more often than not, money issues between friends are an embarrassment. If you need money, it s better to go to a deposit for a loan.If you want to get a full essay, localize it on our website: Orderessay
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