https://www.financeglobe.com/post/should-you-loan-money-to-a-friend/ Personal Finance Tips & Tools Tue, 14 Jun 2016 21:56:19 +0000 hourly 1 https://wordpress.org/?v=6.9 https://www.financeglobe.com/post/should-you-loan-money-to-a-friend/#comment-221 Tue, 14 Jun 2016 21:56:19 +0000 https://www.financeglobe.com/tools/2016/05/31/should-you-loan-money-to-a-friend/#comment-221 I agree very much with this article. Friends or family can be a great option, but you need to be very careful when you mix money with friends and family. It is very important to be very clear about the terms and put everything in writing so no bad blood arises. Family and people’s lives can be ruined if you are not 100% clear about the financial terms. On the positive side, if the business takes off, your friends and family can be along for the ride.

]]> https://www.financeglobe.com/post/should-you-loan-money-to-a-friend/#comment-220 Wed, 01 Jun 2016 12:44:46 +0000 https://www.financeglobe.com/tools/2016/05/31/should-you-loan-money-to-a-friend/#comment-220 My advice, if you want to stay on good solid footing with family and friends, “just say no.” The minute the loan starts to go south your relationship runs a serious risk of going away. It is similar to “co-signing” on loans. Don’t … again, do your self a favor, “just say no.”

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