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Prepare yourself while lending money to friends

Prepare yourself while lending money to friends

Thursday, March 9, 2017, 12:43 PM

If you are planning to lend money to your friend, check if you are financially capable of doing so. It is very important to first assess your own financial position. Do not disturb your own financial obligations such as EMIs, rent, insurance premiums, bills and children's tuition fees. Before you lend, make sure to discuss terms and conditions of your loan.
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