2007-02-27 14:36:33 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
It is best to borrow from the bank as opposed to a friend. Why? The bank is business, and will handle it all as business. A friend, will tolerate too much of putting off the payments. Plus, if it's a large sum of money, and something comes up unexpectedly on their side, where they need the money right now, and you don't have it to give back, like in a big emergency, you are not going to feel very good about yourself, and plus, you are taking a risk of ending the friendship over money. Not worth it. Friendship is worth a lot more than money can buy.
2007-02-27 14:43:20 · answer #1 · answered by SAK 6 · 2⤊ 0⤋
NO! NO! NO! When you borrow from a real person, it changes the dynamics of the relationship & puts you into debt to someone you care about. BLEK! BLEK! When you borrow from a bank, you get to pay interest to line Citibank's ever-expanding proverbial pockets & it puts you in debt. Either way, you're in debt. I have done both in my younger & stupider days. Neither was worth it. If you can't afford it, just don't do it or get a 2nd job until you CAN afford it!
2007-02-27 22:47:00 · answer #2 · answered by Tom's Mom 4 · 1⤊ 0⤋
Borrow from a bank...save your friendship!
2007-02-27 22:45:02 · answer #3 · answered by auntiefuzzzie 2 · 0⤊ 0⤋
Please borrow from the bank save your friendship if you don,t you lose your friend good luck
2007-02-28 00:35:58 · answer #4 · answered by pattibcacl 6 · 1⤊ 0⤋
the difference is the percent
2007-02-27 22:53:28 · answer #5 · answered by r1114@sbcglobal.net 4 · 0⤊ 0⤋