Well the number one risk is that the person you lend it to can't pay you back or stole your money. Other risks is you can struggle to get all your money back. After you lend it stuff can go wrong and then you need the money now you don't have it!
If your credit is good, a bank will lend you money. If your credit is bad, then only a very close personal friend, who is willing to take a risk, will lend you money.
Bob Hope, American comedian
It is fairly common for parents to lend money to their children to buy a house, especially in situations where the children may not qualify for a traditional mortgage or need help with a down payment.
Banks do not create money, they only use the money from saving accounts and lend it to people. When they lend the interest from the loan is profit for the bank.
For one time deal, no. As an income or business you need a broker license.
To license & supervise banks & hold commercial banks reserves & lend money to them.
money, intelligence, time, and friends to lend a hand.
Then the person that lend the car can go to jail
no
Well the number one risk is that the person you lend it to can't pay you back or stole your money. Other risks is you can struggle to get all your money back. After you lend it stuff can go wrong and then you need the money now you don't have it!
Money lenders and banks.
If your credit is good, a bank will lend you money. If your credit is bad, then only a very close personal friend, who is willing to take a risk, will lend you money.
Bob Hope, American comedian
It is fairly common for parents to lend money to their children to buy a house, especially in situations where the children may not qualify for a traditional mortgage or need help with a down payment.
Money, patience and a drivers license.
Yes, you need a business license to sell firewood in California. All people selling items to make money need a business license.