Let's talk about usury

2,000 Views | 35 Replies | Last: 6 yr ago by BusterAg
Solo Tetherball Champ
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Quote:

Guys, the concept here is simple. If your brother asked you for a reasonable loan to help him through a tough situation, don't be a dirtbag and charge him interest.

Don't loan to family. Either give it as a gift, or don't do it. Playing collections officer to a family member can disrupt a lot of relationships, because most likely the rest of the family will get involved.
BusterAg
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AG
There is something to be said about allowing your brother to save face.

If he wants to call it a loan, that's great. If he can pay me back, great.

The same concept of generousness still applies.
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