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Old 15.12.2013, 17:24
Odile Odile is offline
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Re: Written statement of borrowing/lending money?

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A family "friend" leant me money to start my business. It not only haunted me, but put me in a very awkward situation with him. Something which I did not want. Jerk.

End result, he received his money, but the friendship is gone, which is a pity, as I cared a great deal for his wife and children.

Better to borrow from a bank, in my opinion.
Seems strange it spoilt your friendship as you repaid your friend?
Most friends and family lend money at 'mate's' rates- unlike the banks which can be extortionate. And very often people borrow money because their credit rating is shot by previous debts (hmmm which should ring alarm bells anyway).
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