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Old 14.12.2013, 12:13
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HIAO HIAO is offline
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Re: Written statement of borrowing/lending money?

I've lent a times to one of my family, back when I was less trusting and he was less careful.

We documented everything, especially what would be repaid and when. I insisted on standing order.

Having it documented didn't make me feel any more likely to get it back. I always assumed I'd never see a penny and wrote it off.

I didn't see a written agreement as enforceable. Although, they did make sure our memories did not fade.

It went against the grain to document lending to family, but it was really the most pragmatic way.
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