Is it really a bad idea lending to family and friends?

lending to family and friends

We’ve always been told never to lend money unless you’re willing to lose it, however, WeFinance’s Willy Chu writes of the positive aspects of lending to family and friends.

Within his article, Chu mentions the shift in attitudes in the US in regards to attitudes about transparency in regards to personal information such as finances and debt.

A recent study by Nielsen highlighted the increasing number of younger generations being more willing to lend to family and friends.

Read the article in full by clicking here!

Credit: Willy Chu




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.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

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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