Cryptocurrency Q&A Is it okay to ask a friend to borrow money?

Is it okay to ask a friend to borrow money?

Eleonora Eleonora Wed Jan 08 2025 | 6 answers 1410
I'm considering asking a friend to borrow some money, but I'm not sure if it's appropriate. I want to know if it's okay to request a loan from a friend and what are the potential consequences of such an action. Is it okay to ask a friend to borrow money?

6 answers

Andrea Andrea Fri Jan 10 2025
Borrowing money from family and friends can sometimes be necessary.

Was this helpful?

101
79
CryptoQueen CryptoQueen Fri Jan 10 2025
To avoid potential issues, it's crucial to establish clear terms with the lender.

Was this helpful?

300
52
Sara Sara Fri Jan 10 2025
This includes outlining when you plan to repay the debt.

Was this helpful?

200
99
TaekwondoMasterStrengthHonor TaekwondoMasterStrengthHonor Fri Jan 10 2025
You should also discuss whether you will pay interest on the loan.

Was this helpful?

282
66
Raffaele Raffaele Thu Jan 09 2025
Making good on your loan payments is essential to maintaining a healthy relationship.

Was this helpful?

191
78
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts