Cryptocurrency Q&A Is it wise to lend money to a friend?

Is it wise to lend money to a friend?

Thu Jan 09 2025 | 6 answers 1422
I'm considering lending money to a friend who needs it, but I'm not sure if it's a good idea. I want to know if it's generally wise to lend money to friends, or if it could potentially cause problems in the relationship. Is it wise to lend money to a friend?

6 answers

Sat Jan 11 2025
The consensus among the experts we consulted was clear.

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Sat Jan 11 2025
They advised against lending money to others.

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Sat Jan 11 2025
If one has spare funds and wishes to assist someone, it is recommended to give it as a gift.

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Sat Jan 11 2025
This approach eliminates the concern of whether the borrower will repay the loan.

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Fri Jan 10 2025
It also removes the stress of dealing with the repercussions of unpaid debts.

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