Is It A Mistake To Lend Money To Family Or Friends?

In a financial pinch, turning to friends and family for a little financial help seems like a good option. After all, what could go wrong?

Plenty.

Many people have horror stories about personal loans destroying and ending relationships. It would be challenging to find anyone who hasn’t seen the effects of what money transactions between family and friends can do to relationships.

Let’s take a look at why lending money to family or friends is not a good idea. And what to do if you decide to…