Relationship Drama: Loaning Money to Another Man
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1.1M viewsMay 9, 2023
TikTokprofessor_rose
Just like loaning money to a friend or relative, cosigning a loan isn’t a good idea. It’s a request for big-time trouble. So, if the bank denies your friend or family member from getting a loan because they think they aren't likely to repay, don’t you think there’s a pretty good chance the bank is right? Spoiler: They are, and that means you need to tell them no. Because when they don't make their payments (shocker), you’ll be on the hook for them, and your credit will be affected.😬 | Ramsey So
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Just like loaning money to a friend or relative, cosigning a loan isn’t …
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Can lending money ruin a friendship? We’ve all experienced loaning someone money and finding an immediate distancing in the relationship. You change the dynamic of relationships when you loan loved ones money. Hundreds of times, I’ve seen relationships strained and sometimes destroyed. We all have, but we continue to believe the myth that a loan to a loved one is a blessing. It isn’t—it’s a curse. Don’t put that burden on any relationship you care about. #friendships #loanmoney #lendmoney #givem
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