Are you willing to lend money to a relative? If so how much is the threshold?
The benefit of having a family is that everybody expect one to help in times of needs, be it financial or emotional. Are you open to lend money to your relatives, and if so how much is the threshold? Will you let them sign a note? What are the terms if any?
Yes, i am willing to lend money to a relative. The threshold depends on how much I can afford to lend and the attitude/character of the person that I am going to lend money to.
No, I don't have enough myself so that I can comfortably loan money out. If it was a small amount, maybe a few hundred dollars for one of my children-yes. But otherwise, I don't have it to loan.
No note, just a talk about it and repayment terms.
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