Reported 3 days ago
A friend in financial distress has asked to borrow $5,800 to avoid foreclosure on his home, but there are complications due to a mortgage with his ex-wife's name still on it. The advice stresses the risks of lending money to friends, as many do not repay loans, and it suggests considering the loan a gift if offered. In this situation, potential legal issues and the friend's past financial behavior raise questions about the viability of helping him.
Source: YAHOO