What Could Happen If You Lend Money to Family or Friends

lending-money-to-a-friend

Have you ever wished you could show your family or friends that you are someone onto whom they can put their trust? Would you like to know that you are able to give them a hand, when in need? Well, believe it or not, there is no better feeling than the one when you help someone. Still, believe it or not, money seems to quite destroy a relationship. These being said, in case you are looking forward to knowing more concerning the subject, make sure to stick with us and keep an eye onto the following lines in order to see what could happen if you lend money to family or friends!

You Probably Won’t See Them Back

Well, well, we are family, aren’t we? It means that you remember the moment when your brother helped you with something, or your parents paid for new clothes when going to school. These being said, you probably understand that you gave them these money and you will not get them back since, you know… they are a payment for something that happened in the past and something you didn’t know, back then, that you will start paying for. When it comes to friends, well, if they ask you, it means that they do not go for a bank for that – so they do not have deadlines or commissions or anything else. So you should not think of them as a loan, but as something that are not at all coming to you (at least not too soon).

Think of Making a Contract

I know there are friends and family to you. Still, if you won’t see that money back, there will be some bad things going on. In this case, you should get into terms. Go to a notary and sign everything, both you and your friends and family, to make sure you see your money back. These people might say that ok, you are definitely crazy and desperate, but let me tell you something – I have friends who have been played by their own families. So, in case you wish to avoid this from happening, make sure to develop those terms and get the things done before it is too late. By this way, you will be all set up for when the day comes. So, what are you still waiting for?

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