Tuesday, May 24, 2011

Loans and Repayment

Indeed, many times we lend end up chasing after "payment" as borrowers tend to give all sort of excuses when come to repayment. Yes, count ourselves lucky if we can get back some.  No wonder many people refuse to lend at all.

Sirach 29: 1-7
Be kind enough to lend to your neighbor when  he needs help. Your are keeping the Lord's commands if you help him. If he needs something, lend it to him.
And when you are in debt, pay it back as soon as you can. If you meet your obligations, you will always be able to borrow what you need.
Many people treat a loan as something they found and can keep, causing embarrassment to those who helped them. Some people will speak politely, bow and scrape until they get the loan they want, but when the time comes to pay it back, they'll put if off, say that it's inconvenient, and make a lot of worthless excuses. If the lender insists on being paid, he can count himself lucky to get back half. If he doesn't insist, the borrower has robbed him and made an unnecessary enemy. All the lender will get from him are curses, insults and disrespect, but never any gratitude.
Many people refuse to lend at all, not because they are stingy, but because they don't want to be cheated if they can avoid it.

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