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Is it really a bad idea 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

Source: www.quora.com

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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Sign up and become one of the thousands of people and business around the world using Credi to protect them selves with robust loan documentation and management today.