Mixing Money with Friends?

The article below asks the question of how to respond to a friend asking for money or a loan? This is always a tricky subject to deal with as i'm sure most people wouldn't be comfortable lending any great amount to a friend. There's always the concern that they will fail to pay back the money which in turn could ruin the friendship. If you do find yourself in a position of loaning money to a friend this article has some great tips to ensure you do it right and have it well documented.

Have a read before you go ahead with any loaning , whether it be to help them out of trouble or to invest in a business venture they have going to make sure you know where you stand!

Friendship and Money Not Always a Great Mix
"While Shakespeare's "The Merchant of Venice" recounts the downfalls of lending money to a friend, a loan to a friend does not always have to result in the loss of both the friend and the money. Nowadays, a layoff, health crisis, divorce, death of a spouse or new business venture might result in a friend asking for money, so the question becomes, how do you respond?." ABC News

# World News, Loans