Had a pretty cool experience recently—needed some quick cash for a small business thing, banks were dragging their feet, so ended up borrowing from a friend. Paid back already, no hassle, no crazy paperwork. Curious if anyone else had luck with informal loans like this?
Glad it worked out smoothly for you. I've done something similar once, but honestly, it made me pretty nervous. A couple years back, I borrowed a small amount from my cousin to cover some unexpected car repairs. Like you said, no paperwork or hassle, but I couldn't shake the feeling of pressure until I'd paid him back. Even though he was totally chill about it, I kept worrying about what would happen if something went wrong and I couldn't repay on time. Thankfully, everything turned out fine, but since then I've been cautious about mixing money and friendships or family. Still, it's great to hear positive stories like yours—makes me think maybe I was just overthinking things a bit...
Haha, totally get that feeling—been there myself. Borrowed a bit from my buddy once for a busted fridge (warm beer crisis, anyone?), and even though he laughed it off, I stressed until payday. Curious, did your cousin ever borrow back from you later?
Borrowing from friends can work, sure, but honestly, mixing money and friendships is risky. Lent my roommate cash once for car repairs—he paid back fine, but things felt awkward after. Banks might be impersonal, but at least they don't make dinner conversations weird...
I've done informal loans a few times, and honestly, setting clear expectations upfront really helps. Like, agree on repayment dates and amounts beforehand—keeps things chill and avoids awkwardness later. Worked well for me so far.
