View Single Post
  #1  
Old 12-17-2005, 01:19 AM
Eihli Eihli is offline
Senior Member
 
Join Date: Aug 2003
Posts: 363
Default under what conditions should you charge interest on money loaned...

...to friends?
for the past few months i've had a constant %5-%10 of my bankroll loaned out to my friends without interest. any time any of my friends needs money they come to me and it's not a problem because they always pay me back, but it's a bit of an annoyance not having that money on hand. is grattitude and appreciation enough of a gain on the money loaned out? if there was no grattitude or appreciation, would it be ok to charge interest? or is the #1 solution to not loan money out at all? p.s. i don't know how willing some of my friends would be to loan me money if i needed it and they had it.
Reply With Quote