What You Need To Know Before Loaning Money To Family and Friends
Close relationships can affect your financial decisions, and sometimes, not for the better. A Bankrate survey found that nearly half of people who helped a loved one financially experienced a “bad” outcome—lost money, a damaged credit score, or harmed relationship. But does mixing family and money have to be so incompatible? Not if you plan accordingly! Perhaps the best way to protect your financial situation and relationships is with ample thought, consideration, and preparation concerning [...]
