I'm considering whether to lend money to a close friend who's in need. I trust this person, but I'm also aware of the potential risks involved. I'm not sure what to do and would like some advice.
6 answers
ShintoMystic
Wed Jan 15 2025
Lending money to friends and family is a sensitive topic that can have significant financial and relational implications.
SapphireRider
Wed Jan 15 2025
When individuals decide to lend money to their loved ones, they often do so out of kindness and generosity.
Pietro
Wed Jan 15 2025
However, this gesture can sometimes lead to financial problems for the lender, especially if the borrower is unable to repay the loan in a timely manner.
Daniele
Tue Jan 14 2025
In addition to financial issues, lending money to friends and family can also strain relationships.
CryptoLord
Tue Jan 14 2025
To avoid these potential problems, it is crucial to establish clear boundaries for loans to loved ones.