7 Questions to Ask before Lending Your Friends Money ...


There are several questions to ask before lending money. If a friend needs financial help, you might be quick to jump in and offer assistance. This is especially true if you have additional cash. But sometimes, lending money can trigger problems with the borrower. To avoid any issues, here are seven questions to ask before lending money to friends.

1. What’s the Money for?

One of the most important questions to ask before lending money – what's the money for? Don't feel awkward about asking this question. If the person is bold enough to ask for cash, he or she should be prepared to answer this question. Besides, as the person lending the money, you have a right to know how the other person plans to use the funds.

Does Your Friend Have a Bad Money Reputation?
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