It is not actually out of place for people to be in dire need of cash and money to fund a project, business, settle health bills, buy car, mortgage or any other things. When situation like this occurs, people think of borrowing from a relative, financial banks or some direct lenders. Loans are nothing new to people in Canada and every banks offers a set of loans to qualified individuals after agreeing to every terms. However, with so many years of lending money from banks, some people are well overwhelmed by inability to pay back loans while their credit score is getting lower by the day. So many have insisted that they must save well to avoid wallowing in unending indebtedness. Amidst of all these, a question, ‘what is the best borrowing ideas of 2018?’ came to mind. Is It possible for people to borrow and get loans in the best ways? Can anyone be smarter than the lending system of the financial banks? The explanation below about the best ways to borrow proffers good answers to the questions. 1. Ask Families and Friends This could be one of the best ways to borrow currently as it does not require any credit score check, high interest rate or using a property or an asset as collateral. Lending some cash from your relatives is a good ideal but you must not ruin the confidence repose in you by failing to repay. 2. Be Careful with Credit Cards It is often said by most financial experts that credit cards plunge people into financial mess and debts than ever noticed. This assertion is very true because a credit card makes it very easy for anyone to borrow cash at any time of the day. Be careful not to rely on your credit card as a source of loan when you need to borrow money. Credit cards are suicidal because many banks charge a very high interest rate and fees annually and this makes some individuals incapacitated to even rise above the credit card debts. 3. Be Careful with Payday loans As much as credit cards is capable of ruining a person’s financial status if not managed properly, a payday loan can as well be deadly. It comes very fast and handy for many people seeking for fast and quick loan but the fees and charges to be paid by people that apply for it is damn too high. Be careful with Payday loan because it is easily tied to your salary and the lending banks will always have their cash back with some unrealistic charges by month end. 4. Consider Long Term Loans Long term loans mainly come as another type of loan where borrowers pay so much as interest but the period with which the loan last is a succour to anyone to cope with. Long term loans always exceed 5 years to up to 35 years and it is a good borrowing idea because you would have even repaid fully before the period lapses.