Things To Know While Borrowing Money From Relative, Friend
Money is important in life. It is more important when you have it during the period when you urgently are in need. Under such circumstances people usually borrow from friends or relatives, but paying on time is equally important. Below are some suggestions what to do while borrowing from a relative or from a friend:
Realistic Timeline to pay
You should always try to make your relative or friend understand that you can be able to pay the debt on time. Don't promise to pay in few days or about a week, but the effort should be to do it as early as possible. Your honesty is most important here as the debtor will understand whether to accommodate your next request.
Make payment on time
Give more priority to pay the personal debt compared to your other expenses. Always know that ...