UTANG Chronicles (How to assess whether you will lend people money) Part 1

Last week I received a facebook message from a friend asking tips on how do to deal with people asking for money.
I told my friend to meet somewhere so we can catch up and  answer his queries

meme

So here’s what I told my friend.

FRIEND: How do you deal with Utangs? I mean people asking you money?

ME: First, I analyze  the person who’s asking for a loan. 2nd I Ask myself first.
Do I have the capacity to lend in the first place?”

This is a very important question. If you have spare money but will use that money in the future for something, then don’t lend that money at all. Why?

Here’s a very common story among lenders:

A friend was visited by his neighbor asking to lend some money. My friend has spare money but he will use that money for the tuition fee of his son in 2 months time.

He told this to his neighbor and promised that he will pay back the money a week before the enrollment of his son.

My friend convinced, lent his money to his neighbor.

A week before the enrollment of his son, his neighbor is still is a no show up and worse “mukhang tinataguan pa sya”

My friend decided to go to his friend’s house to ask for the money.

Guess what his neighbors told him
“E wala pa akong pera, kita mo naman, walang wala kami. ano gagawin ko? kung may pera ako magbabayad ako”

Ung friend ko pa ngayon ang lumabas na masama. Ngayon wala syang pang bayad sa tuition fee ng anak nya at sya ngayon ang kailangang mangutang ng money sa iba para pang tuition fee ng anak nya.

Nasira ang friendship nila, hndi pa sya nababayaran hanggang ngayon at sya  pa ang nagipit.

I am not saying  that this situation always happen, what I’m saying is that this is a common situation and this is happening.

So before lending money make sure that you really have some spare cash and will not use it in the future and have some criteria to follow and asses if you will lend that person your hard earned money.

Here are my criterias to follow before lending money:

1. Reputation

  • Pala-utang ba sya or madami ba syang pinagkaka-utangan at hindi binabayaran?
    • If that person is a known “mangungutang” at lahat na yata ng kapitbahay mo e nautangan na nyan at hindi pa bnabayaran, why would you lend money to that person?
  • Pala-sugal ba sya?
    • If pautangin mo yan,  para mo na din kinukunsinte ung pagsusugal nya
  • May bisyo ba?
    • Have you heard this line “Wala na ngang makain, may pang bisyo pa
      • Wag pautangin ang mga ganito, you are tolerating his vices and don’t expect for any payment if you lend that person your hard earned money
  • Nanghiram na ba sayo ng pera and nagbayad ba? on time ba magbayad?
    • If nangutang na sayo dati, at hindi pa nga nababayaran ang utang nya and that person is again asking you some money. Why would you lend your money again?
  • at syempre – Nagbabayad ba sya ng Utang?

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2. Capacity to pay

  • Very important na i-asses mo to. Kaya nga Hiram e, hndi Hingi at lalong hindi donation.
  • May work ba at may pang bayad ang mang-hihiram sayo ng pera?
  • Kung walang work at walang source of income, ano pa ang aasahan mo na mababayaran ang hiniram sayo? hindi yan nanghihiram, nanghihingi yan and I assure you pag nakita ka nyan, liliko at magtatago yan
  • If you want to help the person, give some and help the person. Ung ready kang hindi na maibalik sayo.

3. Why does the person need money?

  • baka naman pang bili lang ng gadget yan?
  • gagamitin ba sa magandang paraan?
  • One day millionaire attitude ba?

If the person qualified to all Criterias, don’t forget to to ask , Kailan babayaran?

Wag mahiyang magtanong, Ikaw ang inuutangan ikaw pa mahihiya. Minsan nakakatawa tong isipin pero ganito ang ugali nating mga Pinoy.

utang

Nahihiyang magtanong at nahihiyang maningil. Hard earned money mo un. Ikaw mismo sa sarili mo nagtitipid para makapag ipon tapos may taong mangungutang sayo at hndi babayaran.

This may seem funny pero Common problem sa pinoy ang inuutangan. Infact madaming forums na ito ang topic. See this:

http://www.pinoyexchange.com/forums/showthread.php?t=27625 Screen Shot 2015-01-16 at 1.17.46 PM

Question:

Naranasan mo na ba na may nangutang sayo and then suddenly makita mo facebook post na naglalaboy sa mall at bumili ng bagong gadget?

The Question might seem funny, pero look my blog reader’s experience..


 

Screen Shot 2015-01-22 at 12.24.50 PM

Screen Shot 2015-01-21 at 11.12.39 PM

Screen Shot 2015-01-21 at 11.14.26 PM

Screen Shot 2015-01-21 at 11.12.49 PM

Screen Shot 2015-01-21 at 11.13.02 PM

Screen Shot 2015-01-22 at 12.23.32 PM


 

Mahirap ung situation na ganyan, may mga tao na magaling mag-ala-teleserye, lahat ng drama sasabihin sayo makahiram lang, suddenly makikita mo magpo-post sa facebook at bumili pa ng gadget?


from my friend’s blog:

“We are in the same page when it comes to helping people in need and we learned to harden our heart when lazy people are asking for funds.”from http://bywilmz.blogspot.com

Hindi masamang tumulong. Mahilig tumulong ang mga Filipino, “Bayanihan” just runs in our blood, pero we need to know if we are really helping, or are we just tolerating laziness?

I would just like to highlight over and over again.

Hindi masamang tumulong, pero ang tanong:

Talaga bang nakaka tulong ka, or kinukunsinte mo lng ang maling ugali ng ibang tao?

ADDITIONAL TIPS:

  • When u lend money make sure it is money you are willing to lose if they don’t pay you back
  •  Have something in writing especially if it is a big amount. Treat it as a business transaction and include interests if necessary as well as timelines.

Do you have any advices to add? Do you have any experiences to share? Please share and subscribe to www.nolanlazaro.com

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23 Comments
  • Rem Lucio
    Posted at 21:46h, 24 January Reply

    Sometimes it’s hard to lend money to people because I’m the who feels shy to ask them to pay me back hahaha!

    • Administrator
      Posted at 16:03h, 25 January Reply

      hehehe!! very true, normal tlga sating mga Pinoy ang nahihiyang maningil, baliktad, ung mga nang utang hndi nahihiyang hindi magbayad 😀

  • Ten
    Posted at 22:05h, 24 January Reply

    Well said!

  • Otakore Literantadodist
    Posted at 23:51h, 24 January Reply

    May naranasan ako, umuutang pa-bente-bente lang. Siyempre, naglabas naman ako, kasi bente lang eh. Parehas kaming office guy at alam ko… bente lang yun eh. Babayaran niya yun. Hanggang sa makalimutan ko na yung inutang niyang bente kasi ni’la”LANG” ko lang eh.

    Natauhan ako na buwan-buwan umuutang siya ng bente at kung kokompyutin lahat-lahat may isang-daan rin yun. Malaking pera rin sa akin yung 100. At dahil dun, di ko na siya gaanong pinapansin, pinang-do-DOTA lang niya yung bente ko.

    • Administrator
      Posted at 16:06h, 25 January Reply

      Otakore,

      hehe. You made me laugh, Pang dota inuutang pa? considering offie guy pa un. Good thing natauhan ka like you said 🙂

  • Ma. Clarice Lao - Itumay
    Posted at 14:29h, 25 January Reply

    This is a funny and so true. I love it!
    I had an officemate who borrowed money kasi she does not have lunch daw.
    Then, I saw her drinking frappe from Starbucks. Yun daw lunch nya kasi she needs stickers. Kaloka!

    • Administrator
      Posted at 16:07h, 25 January Reply

      Hi Clarice! thank you, glad you liked the article.
      by the way, so aiming ung friend mo to get the starbucks journal? 😀 ang galing, inutang pa sayo hehhe 😀

  • Chef Jay
    Posted at 23:40h, 25 January Reply

    Great pieces of advice. My general rule has been, don’t give out money that you can’t stomach to lose. So I have a cap on giving loans, that’s 500 per person! To be pain within the week!

    • Administrator
      Posted at 12:34h, 26 January Reply

      Thank you Chef Jay!!
      Welcome to Super OFW Investor blog!

  • Ernalou Del Rosario
    Posted at 11:43h, 26 January Reply

    This is such an amusing article.

    In my case, I haven’t been put naman in a lot of situations like this pero I have heard so many stories about it when I was still in the corporate.

    One instance lang was when an old friend (who I haven’t really talked to for a long time) borrowed money because she was about to give birth. My rule is that in cases like these (emergencies and there is really a NEED for money from the other party), you lend them but don’t expect na it will be returned na. Hehe.

    • Administrator
      Posted at 12:37h, 26 January Reply

      HI Ernalou! Welcome to Super OFW Investor blog!
      hehe glad your amused 😀
      Thanks for sharing our story.. btw, i was wondering dun sa story mo.. nabayaran kba ng friend mo? 🙂

  • Gracia AmorTheBlogger
    Posted at 19:31h, 26 January Reply

    Great advice! The memes / photos are very funny yet very realistic! Thank you for sharing.

    • Administrator
      Posted at 19:58h, 26 January Reply

      thanks as well Gracia!
      welcome to SuperOFW Investor blog
      -Nolan

  • Jojo Vito
    Posted at 23:49h, 26 January Reply

    I just follow 1 simple rule when lending money to people whom I doubt will pay me back: Just lend something that I can afford to “give away” even of the person won’t pay me. That is if I have money, if I don’t have, then sorry.

  • Raquel
    Posted at 09:22h, 27 January Reply

    Oh my goodness. I hate to admit this but sometimes I deal with these kinds of people, and it’s hard to get the money back. Now I have a guide to tell me how to avoid them.

    • Administrator
      Posted at 10:04h, 27 January Reply

      HI Raquel, use the guide well, hehe
      Update us here if it works for you 🙂

  • andrew
    Posted at 11:16h, 27 January Reply

    LOL! seriously..this really happens! all of the above are all fact..literally, my in laws use to be a good samaritan and lend some to those who are in need, apparently some of them didn’t or did not want to pay at least half of it.

    • Administrator
      Posted at 14:00h, 27 January Reply

      HI Andrew.. thanks you liked the article and be able to relate to it. We really have to learn about lending money..I will write more about utang on the part 2 of this article 🙂

  • Jess
    Posted at 13:36h, 27 January Reply

    Great advice!

  • Yvonne Bertoldo
    Posted at 16:54h, 27 January Reply

    Great article. So true!

  • Sawing Palad
    Posted at 21:18h, 06 February Reply

    Great Article. Experienced this 2 years ago. Dec 2012. Until now di pa din nagbabayad kahit may 2 business at work sa Japan. Di namin lubos maisip na lolokohin nya kami kasi naranasan nya din maghirap. After itag sa isang FB post, nagdeactivate ng account. Halatang guilty. Di biro ung amount of money na kinuha. Pension and Hard earned money and savings. Atleast now, i learned my lessons, in a hard way though. Karma na lang pampalubag loob. Konnichiwa Normie G-lv-z D-m-ngo

    • Administrator
      Posted at 15:41h, 07 February Reply

      HI Sawing Palad!
      I’m really sad to hear about your story.
      I really hope mahiya ung dati mong friend at magbayad ng hniram nyang money..

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