Friends sometimes need to borrow money and depending on the set arrangements (if any) can change things going forward. Below you will find a few different scenarios
1. THEY WON'T REPAY THE MONEY
2. YOU'LL NEED THE CASH NEXT.
3. IT CAN DRIVE A WEDGE IN THE RELATIONSHIP
4. HE OR SHE ASKS FOR MORE MONEY
5. OTHERS MAY START ASKING FOR LOANS
6. THEY WON'T USE THE MONEY RESPONSIBLY
7. THE SITUATION COULD END POSITIVELY
The decision to help a friend financially is yours to make. However, you shouldn't make a decision on-the-spot. Consider your friend's lifestyle and whether he or she has a history of using money responsibly. Make up terms for the loan repayment.
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