09/07/2021
Maury Povich with the truth bomb! π£
We know from personal experience, that loans with family and friends are most likely to be paid back late, or never at all β this makes us sad π₯ , but also means, a parent will be less likely to give you a loan.
So, as a child/borrower, how can you overcome this?
Itβs simple - you need to reassure the lender that you can meet your repayments πͺ.
We recommend two things:
1. Use the PayMyParents budget calculator to show the lender you can afford to meet the repayments.
2. Explain to the lender that, through the PayMyParents system, the loan is legally documented, repayments are automated and they can view the progress of the loan at any time
More information π https://paymyparents.com/