debtHave you ever borrowed money from a friend or lent some cash to someone you love and care about? When not handled properly, what begins as a simple loan could lead to grave misunderstandings, financial distress, and a lot of hurt and pain for all parties involved. Outlined here are six familiar scenarios you may find (or have found) yourself in, and what your proper course of action should be.

ADVERTISEMENT - CONTINUE READING BELOW
CONTINUE READING BELOW
Recommended Videos

(First published in Good Housekeeping Magazine, Good Money section as "Debt-Iquette" in September 2011; adapted for use in Female Network. Photo by 401K via Flickr Creative Commons)

Personal Loan Calculator
Use this calculator to know how much you'll be paying based on current interests of banks.*
This is required.
This is required.
*Rates can change without prior notice.
Continue
Get the latest updates from Female Network
Subscribe to our Newsletter!
Comments
Trending on Network

Latest Stories

How to Effectively Fade Pimple Marks In Your 30s, According to a Dematologist

The dermatologist also shares tips on how to properly treat different forms of acne!

Apple's Latest Update Warns You If Someone With COVID-19 Is Nearby

Not only is it useful for avoiding potential exposure, it can also help with contact tracing.

This Is How Much the Iconic Engagement Ring From "Crash Landing on You" Costs

Remember this? Both Seo Dan and Se Ri wore the exact same ring—and it costs a fortune!

Will Weddings Be More Expensive After COVID-19?

Wedding planner Rita Neri is taking an in-depth look at the current situation of the events industry.
Load More Stories