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Personal loan
Why you should not lend money to family members.
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[QUOTE="Etini, post: 278213, member: 90141"] This subject is kind of tricky but you have to be real about it. Is it advisable to give out loans to close family members? I would say a big No. Certain relationships are so delicate and money as powerful as it is can destroy these relationships for life. I think that it is better to give an amount of money you can afford to your family members than give them a loan with the hope of repayment. Two things would likely happen in these circumstances. One is that you might lose the money if anything happens and they can't pay back the loan. This is because you might be constrained to go full length to get back the money. Another thing that would likely happen is that you would lose the relationship if you go all out to get back your money. Any way it goes, the outcome is always bitter. It should be avoided altogether. [/QUOTE]
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Why you should not lend money to family members.
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