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

Lending money to friends and family is almost always a bad idea, as it can be tricky and introduce friction into the relationship. Find out more about other risks you could face.

If all else fails, you may have to decide between ... to friends or family members. However, there are ways to minimize risk.

That’s because a personal loan agreement is a legal contract between you and your lender explaining your loan’s borrowing and repayment conditions. While they aren’t entertaining reads ...

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.