Legal Question in Credit and Debt Law in United Kingdom
lending money
I am taking out a loan for a friend in financial difficulty he has a policy which matures next year and will pay it back then What can I do to safeguard my money?
Asked on 3/11/07, 7:32 am
1 Answer from Attorneys
Andrew Dutton
Legal -Zone
Re: lending money
In these circumstances it is absolutely essential that you have a proper written loan agreement. Loans to friends can cause many problems and the position can only be helped by a proper agreement.
We have available a suitable loan agreement package from our website in the documents and agreements section.
Andrew Dutton
www.legal-zone.co.uk
Answered on 3/15/07, 1:18 pm
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