Be careful Investing with Personal Money in Borrower's Business

Just Sharing... This article is based on my own experience. But not only me, but a number of friends and acquaintances have also experienced a similar story. A person borrows funds not from a financial institution but from a private individual. But in the end, the kindness of the loan was repaid by cutting off communication because it was billed.  Several months I tried to ask when it can be returned. In addition to the urgent need, there is a need that must be covered.  However, I have never agreed with the phrase "the one who borrows is fiercer than the one who gives", must 1000 percent nod his head. Yes, now I am a victim.  The most annoying and emotional thing was that my number was blocked. Two operator cards that have been loyal to accompany me for more than 10 years on my cellphone, suddenly only tick 1 on the borrower's WA. His profile photo is gone and only one way is a series of SMS and WA messages from me.  What is he doing and where, like the lyrics of the song Kerispatih, I really don't know. What's important as long as my money back. Because I've never had a bad experience there is a lie between a private borrower and a lender, it's quite painful.  I then tried to change the card. Thank you for successfully communicating. But there is no guarantee of certainty when it will be returned.  Even one minute after finishing talking, the number was also blocked. Alamakk ... I stroked my chest while swallowing saliva but anger exploded in my soul. It feels so tight.  It doesn't make sense, then try using a friend's cellphone number. Please call there. Thank goodness his adopted son. But didn't talk and the conversation was cut off again. Then ... yep your guess is right. My friend's number was also blocked.  This is what's interesting. The friend saved the borrower's two numbers on his cellphone by giving a name to each card, namely Borrow Money Ngga Reversed and the other Borrow Money Blocked Number.  I know about these names when I try to enter an application that may already be known, namely G*TCO*TA* or T***CA*L by idly tracking down the borrower's cellphone number. And it's quite surprising for me because it's not that extreme, hehe.  Recognizing financial leaks through private borrower tricks and the downsides I have worked in the credit lending industry for a long time. Even so, why can be cheated or cheated when the person borrows personal money and not money from the office where he works.  The first reason is because they trust the person. This customer has been known for many years. He usually credits between 50 million and 80 million. And never late. Scratch it... Scratch it. So how can I not believe him.  The second reason , my team and I used to handle the application from scratch. Starting from surveys, business photos, photos of residences and all other documents.  The relationship is no longer like a customer and a financial employee, but is like brother and sister or family because they are so close and close.  The third reason is that he offers cooperation in the business segment he manages himself, which has proven to be resilient during the pandemic and will continue to exist, which is needed by many residents.  "I need capital, later we will share the results. A few percent for there, a few percent for me," said his offer almost a year ago.  I happen to have some funds in my savings account. With the reasons above, I believe that if you add the percentage of profit sharing compared to the deposit interest, which is not much, I finally just hoa hoa . Cuzz transfer.  But I gave conditions only for six months. After that, return the funds. But the ending is annoying. My number is blocked and no money is returned.  The funds invested in him were not used as business capital according to the discussions and agreements, instead they were invested in other parties which eventually ended in a standstill.  Even though if he was honest at the beginning, I wouldn't give it to him, because he understands that the place where he takes money from me has a high traffic jam ratio. Even the profiles of prospective customers who work in these sectors are included in the criteria that are usually rejected in the office because of the high probability of traffic jams.  I clearly do not accept and feel cheated. One more thing that needs to be careful with borrowers of this model is that they are still diligent in paying their installments or installments at the bank or in finance, but for personal money loans they will procrastinate. That's one trick.  They are aware that if they are in arrears or not replaced, they will not be recorded in BI Checking or in SLIK. R iwayat credit will be listed as a good debtor. This is their advantage that they can be prioritized if they are re-submitted by a financial institution.  Even though they may have debts to individuals but they are ignored or delayed.  They also understand that it will be difficult for each person to deal with the bank or finance  if they report and transfer their installments in exchange for the money borrowed.  It is very complicated  and it seems impossible. Moreover, they pay in installments via ATM or digital payments without having to go to a branch office because they are automatically entered into the system.  Even if you work at that financial institution, you do not have the right or access to transfer the installments and transfer them to you instead. You can be in SP because you relate office matters to personal matters.  When communication was cut off because it was blocked, I went straight to his house. And the person even dodged the reason, "Even official financing institutions can still have their customers in arrears and shouldn't be rude to DC (Debt Collector), when only individuals can't." I really have to be patient with this one. Really a lesson.  The fourth reason, can be trapped because they have not had previous experience of being cheated. Of course you will be more careful if you have experienced it.  Before this incident, someone had borrowed it but it went smoothly. So , this is also a lesson, to be more careful with offers of cooperation, especially with the lure of sharing  capital and sharing profits.  It should also be understood that there are a number of people who dare to spin other people's money borrowed from other businesses in order to get big profits.  Worse, they are dishonest up front because they are aware that victims may refuse to give if they know where the funds will be invested. Btw , even though this article is sharing  a negative experience, there are still many good and righteous people out there who could come and offer cooperation to the readers.  Choose wisely and analyze carefully. Because financial education not only teaches how to manage funds but also how to fortify money so it doesn't leak in vain. If necessary, ask for a guarantee or collateral. Be the same as borrowing at a financial institution. Whether there is interest or no interest is a matter between the giver and the borrower.  Because when it comes to lending to other people with personal funds, sometimes the most expected thing is to return it on time. Better yet, it has been reversed before being billed.  Don't let someone's kindness be betrayed because of the problem of borrowing money. If today there is an application that can detect a person's identity through the name on the cellphone number, will it not be "polluted" in quotes if it is known to others. It's really a shame if one day the borrower applies for a job, and the HRD checks the identity of the applicant through such an application. The application may be skipped  or considered to have bad behavior in social circles.  So keep your trust and stay careful fortifying your savings. Because of wrong relationships with people, not more financially stable but can leak in vain.  Also read: " Detecting the Smell of Money Laundering through Credit Applications "  Regards,