Likewise, dont borrow more than you can afford to pay back. Pay Back Promptly. Work out a schedule with payments that you can afford and be conscientious about making those payments on time. Include Interest. Loaning money isnt free.
When cash loans jackson tn friend lends you 200, thats 200 they no longer have in their bank account. So its only fair to pay them back at least as much interest as they would have earned by leaving that money in the bank. Put It in Writing. Have a written agreement that outlines your timeline for paying off the loan and the interest you will pay.
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