Do all you can to avoid borrowing money from someone. I know that borrowing is required for major purchases like houses, cars, student loans, etc. But what I’m warning about is money between friends. etc. People co-sign for purchases that they really cannot take responsibility for, should the primary default the obligation. Friends loan money and their buddies say they will repay once “I get my income tax.”
With the passing of time, some borrowers seem to think a loan somehow, turns into a gift. Some borrowers claim harassment when the lender is simply trying to get back his due money. Fighting, cursing, threatening, and false accusations with all other kinds of bad behavior develops and everything becomes a train wreck in court.
So be careful about lending and borrowing. Friends need to remain friends and not feel that they don’t have to pay back lenders or they can be slothful in doing so.
If borrowing or lending; get a written contract, (nothing personal, it’s just business), and don’t get involve at all if you cannot afford the possible loss (Luke 16:5-8; 1 Corinthians 6:7; Proverbs 6:1-5).
Hope you will visit the Mt. Airy church of Christ.