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Here are threehealthy money boundariesthat she suggested setting with your family.
Besides the awkwardness involved, conflicts can arise if you have trouble repaying your relative.
According to Cruze, these risks make asking loved ones for loans unwise.
I would say no.'
Like borrowing, lending can damage healthy family relationships and create awkwardness for the people involved.
Plus, bigger problems arise when the borrower makes poor financial decisions that prevent repaying you.
This often happens when the borrower hascredit or income issues.
The fact that the person needed to get a cosigner already suggests the default risk is high.
The alternative of giving generously can also apply to this situation.
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