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Giving Loans to Family & Friends Should Be Thought Out

Career and Finance

Giving Loans to Family & Friends Should Be Thought Out

  • Lend only what you can afford without borrowing and expect to never see it again.
  • Never co-sign a loan. If the bank won’t lend, neither should you.
  • Do not put your own finances at risk to help a loved one. Sympathy, emotional support and being there as a friend are worth more than money.
  • If you have already made a loan and haven’t been paid back, and you value the relationship with the person, let it go. Who knows, maybe you’ll get a nice surprise when you least expect it.
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