08/11/2019 · Lending money to a family member or friend is a risky proposition, one that could end very badly. You could lose your money and wreck an important ;· Lending money to friend or family is only a good idea if you can afford it and you know you will get your money back. You may just want to help someone you care about avoid high interest charges when loaning from a bank. But you have to put your financial well-being first. If things went wrong, you could end up losing your money and your friendship. Ask yourself if you can afford to lend the money. You need be okay without the money until they have repaid you …15/09/2017 · The best solution when loaning money to a friend. As much as you’d like to leave it to trust and friendship, a formal contract is the way to go. It can save a lot of headaches and misunderstandings. And a written agreement can clearly spell out all the “what ifs” that might blow up down the lending road. If you’re thinking “I can’t Loans are most often interest-free, meaning you lose day. It's not an issue for loans of $100 or even $500, but many people lend $1,000 to $10,000 to friends and family members. If you lend $10,000 and it takes 2 years to be repaid, you'll lose around $500-750 in interest had you put it in the bank. .10 Reasons Why You Should NOT Lend Money to Friends & Family10 Reasons Why You Should NOT Lend Money to Friends & Family10 Reasons Why You Should NOT Lend Money to Friends & FamilyLending to friends? Make sure you get your money back Lend your money and lose your friend. Lending money to a friend brings with it a host of issues that can end up threatening that friendship. A: "John still owes me $200, and he keeps getting angry with me when I …

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