The pros and cons for borrowing from BOMAD

Amelia Murray from the Telegraph goes into detail about the risks and benefits of using BOMAD.

She looks into the aspects many wouldn’t consider when lending from family and friends such as an affordability test, the idea of going bust, interest rates, hidden costs, miss-selling loans and finally if a child gets married.

Credit: Amelia Murray

Source: www.telegraph.co.uk

Tim K. Dean, Credi Founder | Commentator & Expert on Family Lending, Bank of Mum & Dad and Neo-Credit Scores is available for media interviews and appearances. More…

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