Document Your Loan

Last year in Canada approximately 21 million Canadians either lent or borrowed money from friends or family members, but only 17% actually put the loan in writing. Close to 54% of the undocumented loans were not paid back. It has been proven that if a loan is documented, the likelihood of repayment is significantly higher. Through this process we aim to lessen the default rate to under 5%.

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Best Solutions To A Current Opportunity or Dilemma Concerning Borrowing Money From Friends and Family

Thursday, January 28th, 2010 | Uncategorized | admin

Contemplate Several Alternatives and then Ask These Questions and go for the first answer. Mentally preparing to take a loan from friends and family or bringing on investment involves and requires mental peace with your decision.

In my heart what do I really want to do … emotionally … what do I really want to do?
Which option best supports my long term mental and spiritual well being?
Which option would generate the least guilt?
Which option offers the greatest opportunity? This could be on opportunities for Love, Money, advancement or Growth.
If I choose what I most want to do would I be hurting anyone else – and if so can I live with that?
If I risk going for what I most want and fail what is the worst that will happen?
What is the best that could happen?
Is the potential loss greater than the possible gain?
What option would generate the best Karma if the universe really operates as a credit and debit system?
What will happen if I don’t choose at all?

Borrowing money from friends and family is a challenge mentally, consider these thoughts and hopefully they help you visualize what needs to be done. If you are going to ask for a loan, you must document your loan, www.documentyourloan.com.

The is copyright of Knowledge Brokers Internationa, Bill Gibson. For permission to use or duplicate this content, contact Bill@kbitraining.com.

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