I lent seven figures of 0 interest money to my cousin when he was in desperate need. But first, I made sure we had an agreement in place. It only cost us βΉ100 for bond paper, βΉ500 for notary fees, and 15 minutes of our time simple as that.
I donβt understand why people do such stupid things and lend money to idiots without any agreement.
#Rule1: If someone makes excuses, cracks jokes, tries to guilt trip you, or refuses to sign an agreement, they have no intention of ever paying you back.