Should you start a loan agreement between friends?

Would you start a loan agreement between friends?

Lending a friend $20 a few days away from pay-day is not a big deal, but what if a friend asks to borrow a significant amount of money? Or if a parent lends a child money that they can’t afford to give up for good.

TODAY looked at the smart ways to lend to friends and family.

Source: https://www.9saver.com.au/banking/3149/is-lending-your-money-ever-a-good-idea

 

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