Lending money out to family members and friends can sometimes look like a genuine attempt to try and help out especially when any one of them is in a sticky situation and you are the one person who is in a position to help. But sometimes, it may not seem to be the best idea especially when it comes to the time of the repayments. Look at these seven reasons why you must never lend money to your friends or family members and make your overall judgment based on these findings.
Just pointing it out there, you are sure to get a lot of mixed opinions from different people when it comes to taking a loan to finance your business. Some people will give cautionary anecdotes on the issue while others only general naysayers. Consider talking to experts like Lendgreen about the availability and access of online loans.