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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…
Credi Pty Ltd is a Financial Technology business, not a marketplace lender. Our mission is to change the way we lend money. We want to empower people to help each other and take control of their financial relationships without creating friction and stress.
Credi is the World’s #1 loan management platform for private lenders.
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.
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.