| Autor: |
Shenkman, Jonathan I. (AUTHOR) |
| Předmět: |
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| Zdroj: |
Wall Street Journal - Online Edition. 10/21/2024, pN.PAG-N.PAG. 1p. |
| Abstrakt: |
The article discusses the complexities of lending money to friends and family, emphasizing the importance of treating it like a bank loan to avoid emotional entanglements. It suggests making the arrangement official with a signed contract outlining terms, conducting due diligence on the borrower's financial situation, setting an appropriate interest rate, establishing a repayment plan, and considering incentives to encourage positive behavior. The article also advises knowing when to say no if the borrower does not agree to the terms. Ultimately, following this framework can protect the lender and provide a responsible path for the borrower's financial recovery. [Extracted from the article] |
| Databáze: |
Regional Business News |
| Externí odkaz: |
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