Money has power over many things.This is the only resource that people have always hustled to get in their life.
However, some people get money through dubious ways while others get it through clean ways.
Lending money to people can be a tricky thing to do.
Here are five types of people you should never lend money to:
Lending money to friends is a tricky thing to do.
When a friend fails to pay back, this can easily destroy the good relationship you have been having.
He/she will want to avoid you because of the debt they owe you.
2. Family members
Same as friends, lending money to family members can also be very tricky.
Some family members might want to use the relationship they have with you not to pay whatever they owe you.
Some will come for help knowing very well they won’t pay back.
3. People with certain addictions
People with addictions will never remember to pay their debts since they will always mind their addiction more than anything else.
This will make it hard for them to pay back whatever cash they owe you.
4. People with bad debt record
Some people have loans almost everywhere.
This makes them bad for such kind of businesses.
Avoid lending this kind of people your money because they won’t pay back, or they will pay, but not the amount or payment terms you agreed on.
5. People you date
Lending money to people you are in a relationship with will only compromise your relationship.
If your partner wants money from you, it’s good you just give it to them and never expect it back.
However, it shouldn’t always be a large sum of money.