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After the last fiasco I had lending a friend money.. no don't do it.
If you must, get them to sign paper and let them know that you're not lending the money as a friend. Make him/her put down some form of collateral even if its not worth all that much, sentimental things are ideal. Write down payment dates on pieces of paper etc.
I've lost a good friendship because he couldn't keep up on payments, and he thought i'd let it slide cause I was a friend. It doesn't work that way...
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