I have only seen this from one side where a loan between family and friends does not work. Why? Because if the person receiving the loan experiences a hardship, loses a job or some unexpected expenses and are not able to pay back the loan, then relationships sour. I do not honestly know if I have heard of a family or friend loaning someone money and it not turn sour. I saw this story about a lending company that is set up to give a loan between family and friends. Have you heard about this? I am curious at to their success rate of families not returning asking to get out of the agreement? This company is named Circle Lending. To find out more about them go to www.circlelending.com.
