Would you Lend Money to Family or a Friend?
We’ve all heard horror stories around lending money to a family member or friend, only to find out later on that they were not able to pay the lender back and it resulted in a damaged relationship. Despite the wealth of warnings, I am sure that it is something that we will all encounter at some point and the answer won’t be crystal clear.
Whether or not this has happened to you, let’s share and discuss:
- Have you lent money to family or a friend in the past? What was the result?
- If you haven’t lent money in the past, would you, if asked in the future?
- Are there any circumstances that you would or would not? What are they?
- How do you politely decline?