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Photo by Toa Heftiba on Unsplash Photo by Toa Heftiba on Unsplash. Did you know that more than half of people have seen a friendship end because of money owed? You might think helping your broke friend is the right thing to do, but doing so could totally ruin your relationship. If you need some convincing, here are six reasons why lending money to friends or family is a bad idea. 1) You’re a last resort. They’re likely coming to you because they can’t get a loan from a bank. That means traditional lenders consider them to be too high risk to lend money to -- and that’s even after considering all the potential interest they could make on the loan. Most loans to friends and family have a very... Full story

1 December