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The risk of lending money to relatives and friends

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You should always think twice about lending money to those with financial woes unless you are willing to forgo the sums just to help them.

You should always think twice about lending money to those with financial woes unless you are willing to forgo the sums just to help them.

PHOTO: PIXABAY

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There is much wisdom in the phrase “neither a borrower nor a lender be”, especially when it comes to giving loans to relatives and friends because relationships will sour if the loan is unpaid.

You should always think twice about lending money to those with financial woes unless you are willing to forgo the sums just to help them.

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