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Funding a business
Is it wise to lend money to your siblings and relatives?
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[QUOTE="Yusra3, post: 341728, member: 31907"] Lending money to family can misbe type of issue to family relationships if handled improperly. Payment erasure also has its upside. However, it is recommended to pay the money only when you can manage it as a donation without any needs for a payback. If you have opted to lend, let it be treated as a business deal - the steps to take are a formal contract between both of you like the payment schedule and interest rate. An element of trust and agreement on frontiers is part of the key to avoid getting over tired. On the other hand, completely missed repayment may affect the friendly character by destroying those personal bonds. [/QUOTE]
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Is it wise to lend money to your siblings and relatives?
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