If you have loaned money to a friend, family member, or acquaintance and they haven’t paid you back, you’re not alone. Many people generously offer financial assistance to someone close to them, trusting that they will eventually be paid back, but then unexpectedly encounter difficulty when the loan comes due. Collecting money from someone you know can be a delicate situation. There are unique considerations involved when a personal loan involves someone (and mutual acquaintances) that are part of your life. You certainly want to collect what you’re owed, but you want to limit any hard feelings and lingering resentment. … ( Read Full Article… )
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