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Archive Home > 2008 > December > 04 > Family loans: Keep them formal, documented

Family loans: Keep them formal, documented

By Candice Choi / The Bulletin
December 4, 2008

NEW YORK — Digesting your turkey and sweet potatoes may be tougher this Christmas, when that uncle you rarely hear from pulls you aside to ask for a loan.

So this holiday season, be prepared to protect your money (and the family peace).

Formalizing a loan between family and friends may....

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