I had spent all my savings on my marriage and out of nowhere my business broke.
The year was 2014, my wife always dreamed of having a princess wedding party and I did not give any efforts and money to provide this to her.
A saving loan
At that time, I was a partner of a company that was doing well, had some money invested and great prospects for the future.
Three months after my marriage, my company, which sold a system of logistics control of the Post Office for some large e-commerces, saw the Post Office restructure its entire operation and make it unfeasible.
And it was more or less like that in my first year of marriage. No penny saved, with big debts and unemployed.
The first step to regain financial control of my life was to return to the market. Having a fixed salary would help me a lot in this restart.
The problem was that almost all of my salary was to pay high interest with credit card debt, overdraft and loans that I had contracted.
Out of debt and without credit in the market, my hope was to turn to a friend.
I made a plan, showing that with my salary I could pay you a certain amount for 5 months and a certain amount of interest.
Not even close would be what I paid the banks, but for him, would yield much more than savings, for example.
It was fundamental to show this friend that I had the ability to pay, that I did a plan and that for him would be a good financial investment. Besides helping me a lot, he could get more profit than investments like CDB, Savings and Selic, for example.
At that moment, no bank would help me. Although I had the resources to pay off a loan, to have had a good track record as a consumer, and to have had credit in times when I did not need it, when I needed it the most, I was a red card for banks.
Fortunately, the loan that this friend gave me, can rebalance my accounts and reestablish my financial life, get rid of expensive debts and get out of that terrible phase.
How I re-used this experience
About two years later, another friend called me to be a partner in an app he was developing, something totally innovative and that allowed friends to lend money to each other, charging interest legally and still taking the main drag on the business that is that boring part of: “what if my friend does not pay? I’m going to need to charge and this will end the friendship. ” The App automatically charges, reminds your friend of the ticket payment dates and that he will pay more interest if he delays a payment.
At the time I remembered the situation I had gone through, and how much that loan was savior in mine. Embarking on the project would be the way to go against a banking system that offers you an umbrella on sunny days and strip in the rain and also help to foster this type of investment, which can be a great deal for both the lender, both for those who need it.
If you are going through something similar like I did, it is important to understand how to rebalance your accounts, and perhaps a loan between friends and relatives can be your salvation as was mine. Ask a loan to a friend by Financial Lender is very simple, try it.