Borrowing from friends and family can have serious consequences
If a pal turned to you for financial help, would you lend a hand? If you have the cash it’s hard to say no, but for the sake of your future friendship that may not be such a good idea. Money can be the root of all sorts of relationship evils. It’s the cause of many families or friends fracturing and so any planned financial arrangements need to be treated with extreme caution. Research published today by StepChange debt charity shows one in three people who owe money to loved ones reporting negative effects caused by their financial problems. One in 20 says borrowing from a friend actually led to
