Ensure you don't lend your cash to any of these 3 people. Have a better relationship with your funds, don't loan it to individuals who will not pay you back.
Borrowing money to some people is tantamount to creating a problem for oneself.
Have you ever loaned your money to someone only to have problems with them, when it's due time to pay back the money? If you haven't, pray you don't meet a chronic debtor in these hard economic times.
Look here, if you really want to get serious with your finances, you'll need to ignore some people's request when they come to you to take credit loans. The three categories of people are listed as follows;
1. Forgetful friends:
Forgetful friends will always struggle to remember that they are owing you.
These are kind of people that can't remember your last conversations with them, or those that always forget their purses at home should not have anything to do with your money, anymore. Don't loan them a single kobo because they'll always forget they owe you money.
2. Chronic debtors:
This category of people are (in)famous for only one thing. They're always owing people. It's very crucial you watch out for people like this, especially those who run themselves into debt because of their bad or lavish spending habits.
However, if the person is truely struggling with finances, and needs some credit, you can help them with some money to get back on their feet.
3. Unreliable relatives:
You'll find it really complicated to get your money back from any unreliable family relative.
An unreliable relative is as terrible as a chronic debtor. You may need to fast and pray to retrieve your funds back from them. More so, loaning your money to a family relative you don't usually see regularly can affect your relationship with them. And the worst part is, you may not be able to get your cash back from them forever.
This post appeared exclusively on Kings Media NG.
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