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How can I protect myself if I make personal loans to relatives?

Anonymous

∙ 15y ago

Updated: 9/10/2019

You have to make sure they are reliable to pay you back and if they don't this might lead to a civil suit.

Wiki User

∙ 15y ago

What else can I help you with?

Related Questions

Do you do personal loans?

No. info@elitegroupfinance.com does personal loans.

Can you provide some examples of personal loans?

Some examples of personal loans include installment loans, lines of credit, and payday loans.

What is the scam on personal loans now?

There are many scams existing to do with personal loans

What kinds of loans does the Tesco Bank offer?

Tesco Bank offers several types of loans. These are car loans, mortgages (home loans), and personal loans. Personal loans can be secured or unsecured.

Are their websites where one can get personal injury loans?

There is a variety of websites where people can get personal injury loans. Upon searching for the term personal injury loans, google states that there are loans such as disaster laons.

What kind of loans does Halifax offer?

Halifax offers a variety of loans to its clients. They offer both personal and commercial loans. A sampling of the loans that they offer are: Residential Mortgage Loans, Home Equity Loans, Auto Loans, Personal Loans, & Commercial Loans.

How do I protect myself from paying brother's debts after death?

You will never be responsible for his debts unless you co-signed on loans or debts. If you are the executor of his estate, then you must pay his debts out of the estate.

What types of loans can be taken from Abbey Mortgages?

These are the 2 loans that can be taken out from Abbey Mortgages: Standard Abbey Personal Loans,Green Abbey Personal Loans

Is it possible to obtain personal loans that do not require repayment?

No, it is not possible to obtain personal loans that do not require repayment. All loans, including personal loans, must be repaid according to the terms agreed upon with the lender.

Does Lombard Direct make personal loans?

Lombard Direct is a UK based loan service. Lombard Direct no longer issue personal loans. Lombard Direct stopped issuing personal loans in 2009. Lombard gives loans out for financing previous loans or for business loans.

How do you use personal loans to save tax?

tax have exemption on the interest rates on personal loans.

Are personal loans unsecured?

Yes, personal loans are typically unsecured, meaning they do not require collateral.

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