Borrow money to another
Lend money to someone else
Do you sometimes lend money to family or friends?
Then it may happen that you will not get back the loaned amount. This will be unwilling in very few cases. More often it will happen that this is impotence, for example due to losing his or her job.
Before you lend your money to a friend,
it is important to know what the money is for.
Is it before the start of a business? The purchase of a large user item? Or is it intended to pay a bailiff? The spending target says a lot, certainly the last spending target of the money loan is a risky one. It is always difficult to reclaim your money from a good friend.
Of course you always want to help a family member or a good acquaintance with borrowing money. The risk of lending money to family is high. Certainly in helping with the repayment to bailiffs or the prevention of wage seizure you temporarily resolve the pain. Unfortunately, you do not prevent the structural problem. Nibud recommends lend money to family, therefore, among other things, on this reason.
How can you help?
With problematic debts you can better help by offering help in the administration. Good tools have been developed at Nibud, such as personal budget advice, to ensure that there is a clear overview in the administration. In many cases, this offers a very clear insight into the problems and provides useful solutions that help you to help your family member or acquaintances handle money responsibly and to borrow money responsibly.