Lending Money To My Relative (Urgent)

last SG · 2011-09-05T17:37:33+00:00

If he or she defaults on payment,what will you do.??Many lenders says they will pay back,but in the end.....sad story.!

Rooney_07 SG

will you even get back your capital, much less the interest you are going to charge him lol. most people who lend, wont get to see a single cent back.

angel7030 SG

haiz....why so many people like to lend money without interests?

Becos they are not licenced to take interest, only licenced money lender can charge interest, and that include banks and other financial insitution.

angel7030 SG

Let say I borrowed 200k from my Aunt JerryYan, I told her I will return, she said she charge 10% interest per month, I said no problem, after one month, I called the police that my Aunt is a illegal moneylender, she charged me interest. The CID then get her into fine and jail, for me, no need to pay a single cents.

Demon Bane SG

will you even get back your capital, much less the interest you are going to charge him lol. most people who lend, wont get to see a single cent back.

Must treat the $ as already gone liao....dun ever see it again....otherwise, dun lend.

angel7030 SG

Dun lend also some give some, like me, when someone ask for $100, I said no money, $5 take and go

Demon Bane SG

Dun lend also some give some, like me, when someone ask for $100, I said no money, $5 take and go

Yah like that also can !

angel7030 SG

yalor, if they pester somemore, tell them, hello $5 want to take or not, if talk further, $5 also gone..then usually, they quickly grab the $5 and walk off, the next day if they ask again, told them already said no money, and already given $5 free, so what more do they want?? then you can see them feel paiseh and walk off

Demon Bane SG

Some people have the bad habit of borrowing $ from frens and relatives but never repay them back....if your relatives are like that, dun lend them any $....

angel7030 SG

For these type, when they ask me, I told them, I also very cham, can you borrow me first, I lost alot in shares, please help me. Then you see they run away faster than you.

Alway learn to act, people act, you act more, some people in joo chiat call me the Golden horse actress

Demon Bane SG

For these type, when they ask me, I told them, I also very cham, can you borrow me first, I lost alot in shares, please help me. Then you see they run away faster than you.

Alway learn to act, people act, you act more, some people in joo chiat call me the Golden horse actress

Hahaha! That's great acting ! But u said u no $ people how to believe u? U got own pub business mah....unless like u said lose $ in shares....Hehehe !

angel7030 SG

These are fix asset, no cashflow, dun tell me I have to sell my house or body to lend you?? why not he or she go sell his or her house instead of borrowing from others?

Borrowing of money is actually a transfer of problem, a relative got cashflow problem, she asked money from me, if I lend her, I would had taken her problem into my problem, problem of when is she going to pay me back

Demon Bane SG

These are fix asset, no cashflow, dun tell me I have to sell my house or body to lend you?? why not he or she go sell his or her house instead of borrowing from others?

I think if they borrowed and u let them, the $ is as good as gone forever liao....yup...their problem will become your problem...like u said....so best dun lend any....even if you feel rich also dun lend any....

Hello Kitty SG

1) genuinely life & death den lend.

2) u is not licensed to charge interest.

3) u quite bastard to charge relative interest.

Demon Bane SG

Best dun talk about $ lah....it'll hurt any relationship....

Jayoxy SG

It's going to be quite a tough decision I believe. good luck

Demon Bane SG

Sometimes we have to say no....

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