A personal loan agreement is a contract between a lender and borrower spelling out the terms of a loan. Having one is usually a good idea whether you're lending money to family or friends or borrowing from them. It's a way to ensure that both parties understand their obligations. Additiona...
The concept of a family loan may sound fancy, but it simply represents a lending agreement between family members that involves no bank or traditional lender. A family loan can be for any reason. However, you will need to be aware of the tax, gift and estate implic...
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