Payday loans - cash advance Australia

When was the last time you borrowed a major amount of money from a friend? If you are anything like me, you probably don’t remember. Actually, if you think about it, borrowing money from friends or family members should be a perfectly good idea. You talk to them, they say yes or no. If they say yes, you agree on a time when you are to return the money. No interest, no fees, no application forms, and all that.

Yet according to a survey done in the UK, borrowing and lending money between friends usually end in falling outs. How so? The root of the issue is when the borrower is not able to pay back the loaned amount in time. After some time of not being able to pay back the money and after repeated “offenses,” friendships just turn sour.

I quite agree with the results of this study. I think it applies to anyone anywhere in the world. I mean, if my friend borrowed a large amount of money from me and he/she does not return it on time and keeps on doing the same thing, it would really bother me. Then the next time he/she asks to borrow money again, I would probably say no. That would then probably put a strain on the relationship.

Do you see what I am getting at? Though it may be more convenient and cheaper to borrow off people you know, do you really want to risk having a fall out with your friends? Maybe you’d be better off taking out a cash advance loan and paying the fees.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.