Released: July 22, 2012

Friends, loans and consequences

Source: Michelle Singletary, The Washington Post

You’ve probably heard many of the cautions about lending money to people you know. As Benjamin Franklin put it, “Creditors have better memories than debtors.” In William Shakespeare’s “Hamlet,” Polonius advises his son Laertes, “Neither a borrower nor a lender be, for loan oft loses both itself and friend.”

Read Full Article: Friends, loans and consequences