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8 people who lent money to friends share what happened next

GOBankingRates Logo By Cameron Huddleston of GOBankingRates | Slide 1 of 17: In the immortal words of William Shakespeare, “Neither a borrower nor a lender be; For loan oft loses both itself and friend.” This line is from Shakespeare’s play “Hamlet,” and it’s a warning not to lend or borrow money from friends because you could lose both.
It’s true that lending money to a friend can be a bad idea. But helping out someone in need doesn’t always mean you can kiss your money and your friendship goodbye – especially if you take precautions to ensure you’re paid back. Keep reading to learn what happened when people helped their friends financially and what they learned from their experiences.

Lending money to friends? Here's what could happen

In the immortal words of William Shakespeare, “Neither a borrower nor a lender be; For loan oft loses both itself and friend.” This line is from Shakespeare’s play “Hamlet,” and it’s a warning not to lend or borrow money from friends because you could lose both.

It’s true that lending money to a friend can be a bad idea. But helping out someone in need doesn’t always mean you can kiss your money and your friendship goodbye – especially if you take precautions to ensure you’re paid back. Keep reading to learn what happened when people helped their friends financially and what they learned from their experiences.

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