Cryptocurrency Q&A Why should you never lend money to a friend?

Why should you never lend money to a friend?

KatanaSwordsmanship KatanaSwordsmanship Thu Jan 23 2025 | 7 answers 1318
Lending money to friends can lead to uncomfortable situations. It may strain the friendship if the borrower defaults or faces repayment difficulties. Additionally, it can cause financial stress and legal complications, making it wiser to avoid such transactions. Why should you never lend money to a friend?

7 answers

Leonardo Leonardo Sat Jan 25 2025
The mere act of rejecting a loan can pose a risk to the bond between individuals.

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noah_doe_writer noah_doe_writer Sat Jan 25 2025
On the other hand, agreeing to lend money carries its own set of risks.

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Martina Martina Sat Jan 25 2025
Refusing a loan request can be a delicate situation.

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Alessandro Alessandro Sat Jan 25 2025
There is the chance that the borrowed funds may never be repaid.

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EmilyJohnson EmilyJohnson Sat Jan 25 2025
This scenario can lead to the development of animosity and resentment.

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