a family friend entered a big trouble because of being good, although I've seen this particular issue severally.

he borrowed a woman 20k and the woman have refused to pay shishi for over a year now. last month the creditor decided to take some property (palm carnel) of the woman (with her consent).

the woman took the creditor to the police and the case has been Taken to court, the woman is now claiming that the property the creditor carried is worth 250,000k. at the end he won't get his 20k and he will spend more.

the Same thing also happened to my friend, he borrowed someone money the guy refused to pay for a long time. my friend seized the debtor's LED TV, do you know the debtor went to the police to claimed that my friend stole his TV? yes he presented his receipt as evidence of ownership to the police while my friend couldn't, he was now charged for theft.

I don't borrow people money no matter what and if I do it must be written and signed with a collateral and shortie.
to pay back is a big problem for people.
you could now imagine what these loan app, many people don't like paying them back.

cc; Mynd44 , OAM4J

Don't borrow any amount of money you are willing to forget, no matter who is involved...it will end in tears.

Hmm

Very well.

One thing my husband taught me is to use lended money to keep people off.

That I shouldn't give what I can't afford to lose and if they don't pay it back, I can be very sure they won't ever come to ask me for money again.

That the people I should be worried about are faithful debtors, the ones who keep to their word and pay back as due, that those ones will always think of you when they need to borrow money and na your place them go come straight.

When a Nigerian wants to borrow money from you he'll be acting like a frightened puppy but when it's time to pay back the loan he will suddenly remember that Nigeria is also owing debt and that you are disturbing him by asking for your own money!

Very terrible people!

Sure. I'm even owing someone now and I feel bad due to my inability to pay the debt.

OP reverse your topic to "Have You Ever Had A Happy Experience in Borrowing Money?"

When lending money to people. Write down this.

Have an agreement with them.
When to pay back the money should be stated there.
Don't give cash,make a transfer.
Let it be dated.
Have at least two witnesses.

Let the two witnesses sign in the book.
Do not take interest so as not be termed an illegal money lender.

If he doesn't pay u then go to the police yourself and report

Present this as your evidence.