DAVE & DUJANOVIC

Lending money, how to navigate a tough conversation

Oct 18, 2022, 11:15 AM | Updated: Feb 23, 2023, 1:17 pm

pay gap...

FILE: 3 out of 5 money lenders face negative consequences. (Stock image, Canva)

(Stock image, Canva)

SALT LAKE CITY — A new study by Bankrate found that nearly three in five people who have lent money suffered negative consequences as a result.
 
The study surveyed Americans who had lent money to a friend or family member. More often than not, the loan resulted in lost money, a damaged credit score or harmed relationship.

 

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Lending money, how to navigate a tough conversation