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Other family members might see favoritism or enabling so seriously think about how going through with the loan will make others feel. If you could invest the money that you lent to friends and family members even through peer-to-peer lending networks like Lending Club and Prosper you could have received interest. 5 Golden Rules For Lending Money To Friends And Family This agreement can also apply to lending money to close friends with an aim of getting back your money with an interest after a certain duration. Lending money to family . Lending money to friends and family can lead to financial problems for you and potentially cause relationship damage. According to the Federal Reserve Board Survey of Consumer Finances loans from family and friends. Conversely lending money to a family member who has a history of poor financial choices could enable more bad behavior. Ask the potential borrower to provide you with a copy of a credit report and. Many lenders wont allow other l

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