Asking Interest From Lent Money, Is It Still Help?

Philippines
September 4, 2011 7:17pm CST
There are people who just made lending money as business... you could right away borrow money from them but they are putting extra percentage on the capital amount once you'll pay it on the agreed date. Is it still consider as help?
5 responses
@bounce58 (17387)
• Canada
15 Jan 12
I don't think you could still consider that as helping. That's already a business who targets people in need as his/her market. Although the financial exchange could help the person in need, the interest aspect kills the spirit of helping.
@JodeneB (177)
• United States
5 Sep 11
I believe that it is still help because in this situation, both parties win. They both get something out of the deal. another way of thinking about it is that if the lender didn't lend, than the borrower can not get or do what he/she wants. I don't believe thought that the lender needs to have a high rate of interest. there is no need to gauge the borrower or take advantage of them!
@ShepherdSpy (8544)
• Omagh, Northern Ireland
5 Sep 11
Depends on what you mean by "Help"...and whether you're borrowing from an established financial institution with an office,a website,and a call centre...or from someone with large friends dragging baseball bats who make surprise house calls...
@blink182m (182)
• Philippines
5 Sep 11
Asking interest from the money he/she is still help, well if the money they lent is for business purpose. And if the money they lent is just to buy something then that money they lent won't be of help to them.
@trent714 (73)
• India
5 Sep 11
Yeah lending money is a good business but its high risky too.Its too difficult to collect money from the borrowers.