Lending Money To Friends And Family: How To Determine When It’s OK

One of my tennis buddies told me a funny story about borrowing money from his parents. He was 28 at the time and asked for a $30,000 loan to buy a condominium. Since his parents had the spare cash and weren’t making much from interest, they figured lending money to him was a win-win situation.

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Lending Money To Friends And Family: How To Determine When It’s OK