Saying no isn’t easy, but it’s better than making the mistake of lending money to friends or family members! These tips on how to say no when someone asks to borrow money will help you kindly, firmly, and gently decline their request.
Loans & Interest
Financial loans between family members can cause conflict, rifts, and debt…and they can also be a show of trust, encouragement, and support! Here’s what you need to know about lending money to your adult child – and how to protect yourself from a financial disaster… Read More »6 Things to Consider Before Lending Money to Your Adult Child
In my article about lending money to a boyfriend, a reader asked for a sample contract for a family loan. Whether you’re lending money to a boyfriend or a family member, you need to get the details of the financial agreement in writing. Here’s what my… Read More »Sample Contract for a Family Loan – Easy Yet Legal
Are you caught between a stepson borrowing money and a wife enabling him? These tips are inspired by a reader who lent his stepson money and can’t seem to get it back… “Help! I have a stepson who is 34 years old,” says Gerry on… Read More »When Your Stepson Won’t Repay the Money He Borrowed
These signs will help you know if it’s smart to loan money to someone you’re close to – a friend, partner, family member, or coworker. I wrote this because a reader said… “People who do not lend money to friends are selfish, period,” says E.… Read More »How to Know When Not to Loan Money to Someone
Sometimes paying off the mortgage early is a good idea, and sometimes your money is better spent elsewhere! Here are six questions to ask before committing yourself to being mortgage-free within the next couple of years …. “With consumer revolving debt balances declining nationwide and… Read More »Is Paying Off the Mortgage Early A Good Idea? It Depends
If you’re debt free thanks to good financial planning (such as debt consolidation), you may now wonder how to repair your credit report. These tips for repairing a bad credit rating are based on a question from a reader who worked with a credit counseling service… Read More »How to Repair a Bad Credit Rating After Paying Credit Card Debt
If you’re a homeowner who has to sell your house at a loss (a short sale), you need to protect yourself with this information! These tips about short sales are from Ethan Ewing, president of Bills.com.
“Many home owners are putting off a sale until prices recover. But some owners must sell at a loss,” says Ewing. “Selling a home for less than the debt on the loan — called a ‘short sale’ — is not desirable, but sometimes it’s necessary for those who face major financial hardship.”
If you’re facing a short sale and want more info, click The Realtor and Home Owner’s Guide to Short Sales: Step by Step. And, read on for Ewing’s tips on selling your house at a loss…Read More »Before You Sell Your House at a Loss – Conducting a Short Sale