The pros and cons for borrowing from BOMAD

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

 

 

 

Credi.com allows you manage the issues presented in this article, our platform makes using BOMAD safe, manageable and protects relationships in the process.

 

 

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

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Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

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