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Lesson #126-How to handle loans from family and friends

Lesson #126-How to handle loans from family and friends

The most difficult loan to handle is the one from family and friends
Why we borrow from family and friends
The dangers in doing them
Why it is important to have to clear communication when lending to or borrowing from family and friends
Quote of the lesson

When I hear stories of people getting out of debt,
the debt that gives them the most trouble is often a loan from a family
member or friend. Giving or receiving loans from relatives or friends
sounds like a good idea, but if you aren’t careful they can easily turn
into a nightmare and easily lead to a ruin relationship.
Now most
of you know I don [...]

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