LogFAQs > #964972793

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TopicLending Money Question
Lopen
05/12/22 2:37:03 AM
#1:


Do they need to sign something for moderately large amounts?



Hypothetical Scenario:

Lending a non-trivial amount of money (let's say $4000)

Person you're lending to is someone you trust completely. A very close friend, family member, or long time lover.

Amount of money lent is not a huge blow to you. Less than 5% of your savings and an amount you would recover just by working your current job in 1-2 months.

Person you're lending to is able to comfortably pay it back within 2 months based on what you know they earn and their current expenses, and tell you they will.

Do you require them to sign something or do you just take their word for it?

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