Lending Money to Friends and Family? Let Them Sign a Legal Form
Nowadays, the economy is not doing well as it used to be before. You may have thoughts of quitting on life. You may have overheard people talking about financial difficulties. Financia...
problems seem to haunt everybody. You see people going to lending companies
to get financial aid. Some people’s credit card balances have skyrocketed.
Indeed, times are getting rougher and tougher these days.
do you do, when a friend or a family member needs financial help? What
if they sought to ask you for help? You do have the money. But how willing
are you to help?
the long run, lending money to a friend or a family member opens up
a lot of new possibilities that you may not be in favor of. It leaves
you feeling confused whether you should lend them the money or not.
If you lend an amount, your relationship with the person is not at risk.
If you choose not to, your money is yours but the relationship status
is in danger. Whichever option or decision you choose or make, it would
all result to a catastrophe.
relationships have been destroyed because of financial problems. When
a friend or family member woes you money, your interactions between
each other would change. A person who owes you money runs errands for
you and does whatever it is that pleases you just because she owes you
the same manner, you have the tendency to take advantage of the fact
the he or she owes you. You might impose a lot of thing on this person
because you feel bossy towards him/her. You readily expect that he/she
would be doing everything to please you.
the more, if your friend or family member is unable to pay, the relationship
would be stained forever. Because the borrower is your friend or a family
member, you’ve got to expect the worst scenario; you will never be
paid back. If it’s just a small amount, it’s nothing. But if it’s
a large sum of money, it’s a big problem. It might even lead you to
become the worst enemies of all time.
and family members would take advantage of your closeness. They think
it’s alright not to pay you back because of friendship and family
ties. On your part, you would rather murmur about your heartaches and
disappointments on your own, than risk the relationship. Because you
would not ask for the payment, they would again think it’s alright
to keep on borrowing money from you because you never say a thing about
might also be encouraging them to make this a habit – it’s alright
to borrow money from other people.
really is hard to choose which action you are going to take, whether
or not to lend money to them. If you choose to do so or not, it always
ends to something undesirable.
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James is an expert in writing about legal forms and documents that may help you when your in the search of the right legal document. He writes many articles about forms ranging from, power of attorney forms, landlord tenant forms, and almost any legal form that your searching for.