http://www.stepbystepdirections.com/business/credit-loans/how-to-approach-a-friend-for-a-personal-loan/ Step By Step Directions and Tutorials on Everything Tue, 15 Mar 2011 06:50:33 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.stepbystepdirections.com/business/credit-loans/how-to-approach-a-friend-for-a-personal-loan//comment-page-1#comment-487 Ray Sun, 14 Mar 2010 06:11:04 +0000 http://www.stepbystepdirections.com/?p=374#comment-487 In cases such as this, trust is always a factor. And it is greatly affected once the borrower is not able to pay his/her loan on time or even decides to hide or run away from his/her friend, in which leads to more and more problems. So remember before even thinking about borrowing from a close friend or relative, know where you stand first, know whether this is absolutely need and negotiate with your friend on when you him/her back the money you owe and discuss any terms and conditions so that you can avoid any future misunderstandings and mishaps. In cases such as this, trust is always a factor. And it is greatly affected once the borrower is not able to pay his/her loan on time or even decides to hide or run away from his/her friend, in which leads to more and more problems. So remember before even thinking about borrowing from a close friend or relative, know where you stand first, know whether this is absolutely need and negotiate with your friend on when you him/her back the money you owe and discuss any terms and conditions so that you can avoid any future misunderstandings and mishaps.

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