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Family loans: How to dodge the drama – Business Insider

Financial advisers don’t always agree, but when it comes to
lending money to family, there’s consensus: Tread carefully.

If an adult child needs help buying a first home or has a
promising business idea, a family loan can be a fast and
convenient option. But there’s a risk of drama down the road.

Here are tips for lending and borrowing money among relatives.

PROS AND CONS OF FAMILY LOANS

There are advantages of a family loan for a borrower: no credit
check, low or no interest and flexible payback terms.

It can also be a way to help young adults learn about financial
responsibility, says Walter Pressey, a retired financial industry
executive in Boston who loaned money to…

Read the full article at: http://uk.businessinsider.com/ap-family-loans-how-to-dodge-the-drama-2017-11

Category: GamblingBy Insolvency GuardianDecember 1, 2017

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Family loans: How to dodge the drama – Business Insider

Financial advisers don’t always agree, but when it comes to
lending money to family, there’s consensus: Tread carefully.

If an adult child needs help buying a first home or has a
promising business idea, a family loan can be a fast and
convenient option. But there’s a risk of drama down the road.

Here are tips for lending and borrowing money among relatives.

PROS AND CONS OF FAMILY LOANS

There are advantages of a family loan for a borrower: no credit
check, low or no interest and flexible payback terms.

It can also be a way to help young adults learn about financial
responsibility, says Walter Pressey, a retired financial industry
executive in Boston who loaned money to…

Read the full article at: http://www.businessinsider.com/ap-family-loans-how-to-dodge-the-drama-2017-11

Category: GamblingBy Insolvency GuardianDecember 1, 2017

Post navigation

PreviousPrevious post:Chutes & Ladders—Teva rejigs C-suite amid major restructuring – FierceBiotechNextNext post:Different treatment likely for SMEs facing insolvency – Economic Times

Related Posts

Court wipes punter's $150,000 debt – Racenet
July 15, 2024
Woman sells her two daughters to people traffickers to cover gambling debts – Yahoo News Australia
July 13, 2024
Banned NBA player Jontay Porter admits to $1million gambling scheme and pleads guilty to federal fraud charges – Daily Mail
July 10, 2024
Ex-NBA player Jontay Porter admits to gambling scheme that earned shady bettors $1M – New York Post
July 10, 2024
Ex-Raptors player Jontay Porter pleads guilty in case tied to gambling scandal – CBC Sports
July 10, 2024
Intermediate-aged boy's $16k online gambling debt – Otago Daily Times
July 8, 2024
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