Things to consider before lending money to family or friends
Apr 22, 2022
3 minutes
BY LETITIA WATSON
Send suggestions for topics and requests for info to yourmoney@you.co.za. We may answer your questions in this column but won’t reply personally.
IF A family member or friend approaches you for a loan, there’s a good chance their credit record isn’t sound enough for them to be approved for a loan from the bank. Of course it might also be that they’ve found themselves in a temporary fix and do have the means to repay the loan.
Either way, you should read this before lending money to
You’re reading a preview, subscribe to read more.
Start your free 30 days