A personal loan agreement is a contract between a lender and borrower spelling out the terms of a loan. Having one is usually ...

If all else fails, you may have to decide between ... to friends or family members. However, there are ways to minimize risk. Agreeing on repayment upfront and drafting up a written loan agreement ...

While borrowing money from friends ... personal relationships to their own financial needs. If they say no to your request, they don’t owe you an explanation. Often, when loans go bad between ...

Loans between friends and family members is common ... a cashier’s check or money order is best. Personal checks can bounce, and if it does it will only make the situation worse.

Sarah Li Cain has more than 7 years of experience as a writer, personal finance expert ... Charging interest on loans, even to family and friends, could mean that you’ll need to pay taxes ...