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"Loaning or borrowing money from a family member"

  • TheBestLife
    Posted: Apr 16, 2009 08:51 PM
    TheBestLife
    Richmond, VA
    Phil writes a blog for the U.S. News & World Report called The Best Life.

    Have you loaned or borrowed money from a family member because of the recession? Do you have any thoughts or advice for others?

Replies

  • #1
    Proudmary
    Posted: Apr 21, 2009 02:06 PM
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    Proudmary
    Denver, CO
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    Our daughter will attend college this year, but with the high cost of tuition, coupled with the losses in our savings, we have had to face some tough decisions. Do we tell her the college of her dreams is too expensive? Does one of us take a second job? Fortunately her grandparents came to the rescue. They offered to pay the balance of the cost and what we can afford. They will pay the tuition directly, thereby avoiding the dreaded "gift tax", which I read about in your column. In these economic times families need to help each other any way they can. We help our parents with their health challenges, financial planning, taking care of their home, etc. We are so fortunate that we have a family who cares about each other. . I wish the same for the rest of your readers.

  • #2
    cathbell
    Posted: Nov 11, 2014 07:54 AM
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    cathbell
    New York, NY
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    Why not try <a title="Competition in payday industry" href="https://personalmoneynetwork.com/payday-loans/">online loans</a>? Whenever you are borrowing cash, you want to make sure you are getting the best rates possible. This is much easier whenever you get your payday advance online. You only need a couple of minutes to fill out a couple of pieces of data, and the lenders will start bidding. This means you will get the most competitive rates possible!

  • #3
    cathbell
    Posted: Nov 11, 2014 07:55 AM
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    cathbell
    New York, NY
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    Why not try online loans? Whenever you are borrowing cash, you want to make sure you are getting the best rates possible. This is much easier whenever you get your payday advance online. You only need a couple of minutes to fill out a couple of pieces of data, and the lenders will start bidding. This means you will get the most competitive rates possible! https://personalmoneynetwork.com/payday-loans/

  • #4
    poetmars777
    Posted: Apr 26, 2015 06:58 PM
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    poetmars777
    El Dorado Hills, CA
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    Borrowing from family members and friends is actually the best recourse when it comes to immediate financial needs. However, if they are unable to lend you money due to their own financial issues, your last resort will be short term loan providers which can approve your application in a matter of minutes and the money is credited to your bank account in a few hours.

    In Memphis, TN, you can apply for payday loans, cash advance, and car title loans through Quik Lend Cash at www.cartitleloansmemphis.com.

  • #5
    poetmars777
    Posted: Sep 20, 2015 12:42 AM
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    poetmars777
    El Dorado Hills, CA
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    In addition to the site I've listed in the previous post, you may also refer to this:

    USA Checks Cashed & Payday Advance offers payday loans, check cashing, car title loans, DMV registration, MoneyGram wire transfer, prepaid debit cards, and more in San Bernardino, CA and nearby locations including Apple Valley, Carson, Chula Vista, Corona, Costa Mesa, Fontana, Hesperia, Lemon Grove, Moreno Valley, National City, Oceanside, Ontario, Riverside, San Diego, Spring Valley, and Victorville.

    See www.usacheckcashingstore.com/san-bernardino for details.

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