Borrowing from Family and Friends

Borrowing from family and friends is the easiest way to get money. An individual consults with one of his friends or family member if they are willing to help him out with monetary value. These are often interest free or given at a minimal interest. Depending on the relationship with the lender, these can also be long-term. The disadvantage is that the inability to pay back on time can strain a relationship between the borrower and the lender.