Lending a family member money

Published: 22nd September, 2014

If I lend a family member money, and they don’t pay me back – what can I do?

The larger the amount the more careful you need to be to record the circumstances in which you want the money re-paid. Without a record of the loan, it will be difficult to take any further action to enforce. If you’re lending money, be sensible and think of it as a commercial transaction, and consider whether it’s worth pursuing overdue debts.

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