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Home > Videos > Why Not to Help Friends or Relatives to get a Loan - Co-signing a Loan | CNN News18 | EP 71

Why Not to Help Friends or Relatives to get a Loan - Co-signing a Loan | CNN News18 | EP 71

 
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A loan to a relative or a friend is typically unsecured. The terms and conditions are undefined or hazy and demanding payback are troublesome. What's more, if the loan turns sour, the relationship likewise sours. Besides, such a loan is normally interest-free. This implies you lose money.

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