Life is getting more and more expensive every day, and new taxes are pressing us every day. It is no wonder that a large part of the citizens, even those with regular incomes, cannot spend a month and eventually be a plus. The situation is such that each of us has been at least once in a situation where he has been forced to borrow money. Whether it was through the bank, through credit institutions, or through family and friends. However, it is not always pleasant, but sometimes inevitable.
Before embarking on borrowing money, it is best to set out a few simple rules to avoid any nasty issues later. Especially if the money is borrowed from family members or friends. Loans in Zagreb are one of the most sought after borrowing options.
Borrowing money requires certain conditions
If money is borrowed from family or friends, it is recommended that you treat this type of money lending in the same way as a loan from a bank or other financial institution. It is best to make a contract and indicate in writing when you borrowed money, what is the amount of money involved, the agreed repayment plan and the interest rate at which you will repay the agreed money.
Before signing a contract, you can seek the advice of a lawyer or financial professional to keep you clean before committing to something like this. While it may sound too formal, given that it is family and friends, the money has brought discord to many families. Better stick to that old folk – “clean bill, long love”.
Borrowing money will change some things
Borrowing money can change everything, whether it is you who is borrowing money or lending to a friend, it should be borne in mind that this will greatly change your relationship. Before you decide on that step, make arrangements with the other party to keep it between you.
You don’t want others to know it and then an awkward situation arises. Because that is what disrupts interpersonal relationships, as is the fact that someone you have lent money to spends the same on luxury. Therefore, it is necessary to define in time what the borrowing of money is.
What if the other party does not repay the borrowed money?
When signing a contract with the borrower, you should talk openly about the consequences of not returning the borrowed money on a regular basis. If the other party is not returning the money, try to see what the matter is and can you agree on a different repayment plan.
If that doesn’t work, you can always refer to the contract you signed before borrowing money. With this in mind, the contract must be certified by a notary public.
Don’t be afraid to say “No” to borrowing money
Borrowing money not only has financial consequences but also emotional consequences. Therefore, if you do not feel ready or do not want to compromise your friendship with someone, simply say “No”. It’s not easy at all, but it’s better to cut the situation first before it gets annoying.
Borrowing money from banks and credit institutions
If you do not want to disrupt family relationships, it is best to borrow money from banks and credit institutions licensed by the Croatian National Bank.
Borrowing money is safe with them because there are no small letters there, and before borrowing money, a contract is signed, which clearly states all the terms of the loan, from the amount, repayment plan and interest rate. The contract can be checked by lawyers before signing, so both parties know what they are up to. There is no room for doubt.