Discover the best practices for smart lending and borrowing.
Research Thoroughly
Always do your research before lending or borrowing to avoid pitfalls.
Understand Terms
Clearly review interest rates, payment schedules, and potential penalties.
Build Relationships
Maintain open communication with lenders or borrowers for mutual trust.
Fair Negotiations
Negotiate terms that benefit both parties and ensure transparency.
Document Everything
Keep all agreements, communications, and receipts properly recorded.
Protect Privacy
Secure personal information and take measures to prevent data breaches.