When a friend seeks a financial favor, the instinct to assist is a testament to the strength of your friendship. Yet, navigating monetary exchanges with friends demands a cautious approach to ...

Navigating financial transactions between friends can be a delicate balance. Picture this: a friend asks to borrow money, a situation familiar to many, yet one that can potentially strain ...

You have to spend money to make money, as the old saying goes. But sometimes you have to borrow money to spend money, too. “It’s really the most important legal document that establishes the ...

Small businesses frequently borrow money, or extend credit, in the course of their operations. A promissory note is the document that sets forth the terms of a loan's repayment. A promissory note can ...

Everyone likes to collect the money owed to them. This is why banks use promissory notes when extending you a mortgage or car loan. The promissory note is basically an "I Owe You" with an official ...

Over the years, I’ve heard from dozens of readers who have lent money to friends and family members, only to have become outraged when the deal goes sour. The problem is they write to me after they’ve ...