Tips on responsible lending to loved ones, including setting clear expectations and communication.

From Yahoo Finance: 2025-04-05 06:44:00

Lending money to friends or family can be risky. Make sure you can afford it and set clear expectations. Consider creating a written agreement with details like interest rates, repayment terms, and consequences for non-payment. Communication is key to avoid misunderstandings. Remember, saying ‘no’ is also an option to protect your financial security.



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