Tender, Loving Credit
Protect yourself from the stress of lending money to loved ones.
In short, mixing money and friendship can be hell, sort of like dating the boss. Which is not to say that it can’t be done. Blair lent each of his two brothers more than $10,000 at different times, with no formal arrangement at all, and he got every bit back. Liz L.,who used the Circlelending solution after years of tension with her indebted dad, rescued both her credit cards and the relationship. Another woman who loaned her poverty-stricken lover a tidy sum, never expecting to see the money again, got a check in the mail a year after their breakup. “It was like found money,” she says happily. “It reminded me what a really great guy he was.”
Just don’t be a financial fool for love. You may think you’re immune to pettiness, but nobody, as far as I know, has found a vaccine for resentment.
Discussion
The best thing to do is to avoid all of these mess is to save and stop using credit cards. These are jackals, crunching on the bones of the poor and middle class. Save for things. There's a lot of urging for legislation that will restrict credit cards and their shenanigans and a proposed new law is that no one can get a credit card under the age of 18, and those under 21 need a cosigner over that age. It makes sense – a young man just doesn't have anything in the world these days, and it gets harder all the time. Just don't use credit cards – they cause bankruptcy, and do you really need all the useless plastic junk that you'd buy with a credit card?
