Our friends at Debtfix share their thoughts about lending money to friends and family- how to say no, and what to do when the question gets asked! Their blog article covers ways to navigate this tricky subject!
Their Debt Navigator, George, shares his own experiences including the harsh reality of how lending money changed his relationships.
If this is something you'd like to learn more about, Money Hub also has a comprehensive blog article that includes 6 Essential Must-Know Tips if You Must Lend Money to friends or family.
This was originally posted as an education article on the Money Sweetspot customer portal. If you read this as one of our customers, you would've earned some money off your loan! Do the mahi, get the treats. Find out more.
You are protected by responsible lending laws. Because of these protections, the recommendations given to you about our loan products are not regulated financial advice. This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed. Responsible lending criteria, rates, fees and contract terms apply. For more information visit useful information.
© 2024 Money Sweet Spot Limited