Re: Lending to friends
Lending money is a very sticky subject. We ended up loaning about $5,000 to DH's brother and we still haven't gotten it all back. I doubt we ever will. But we decided before we gave it to him that we weren't going to make an issue of getting it back (he needed it for medical treatment). If we did make it an issue, it would make all the family quite uncomfortable I think.
If you have a contract would you ever go to court to enforce it? I think that is the question you need to ask. If you would, is it really a friend that you should be lending money to and if you wouldn't do you really need a contract?
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