Do you need to borrow money? Have you been asked to lend money? Are your family and friends involved? It's good to trust—it's your mom or aunt Millie after all—but, trust us, treat it like a business and create an agreement. Ours is friendly, non-threatening, and will not disrespect the relationship with your good friend or loved one.
What's included in your agreement
Be sure to check out this demonstration to see a sample agreement in use.
Use this loan amortization calculator to quickly and easily determine monthly payments for your loan.
Sisters, Liz and Deborah, discuss using this agreement for a money lending arrangement.
"Creditors have better memories than debtors." — Benjamin Franklin
"It is easier to forgive an enemy than to forgive a friend." — William Blake
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