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4
votes
2answers
157 views

Is it impossible to get a home loan with a poor credit history after a divorce?

I am a very recently divorced single mom. I own my small farm which we cannot live at due to my ex-husband's continued harassment. I have the farm for sale but so far all interested parties want/need ...
7
votes
1answer
343 views

Any Canadian tax shelter for lending to friends or family?

I am considering helping friends or family out of credit card debt, which is costing them ~18% per year by giving them a loan at more like ~3% (kind of like consolidated credit/debt). Is there ...
8
votes
3answers
1k views

Is person-person lending/borrowing protected by law?

Suppose that individual A lends his money to individual B. In order for A to be protected, what does he need to do? Is his lending protected by law? (I would prefer to hear the general case, but if ...
13
votes
9answers
3k views

What precautions should I take when lending money to a friend?

I'm thinking of helping out a friend by lending him some money (~ $10k). I totally trust him, but I still have a feeling that I should have a contract or something similar. Are there standard ...
3
votes
3answers
226 views

Peer-to-Peer Lending (Prosper, Lending Club)

I've been debating the idea of doing peer-to-peer lending. I saw this question and am curious: What kind of success/failures have people seen from P2P lending? Some sites require their users to ...
6
votes
2answers
186 views

Do US banks lend your money to foreign banks during the weekend while you cannot make withdrawals?

I was told by an economics teacher once that banks take advantage of the weekend being closed to deposit on hand cash in foreign banks, specifically Mexican and South American banks. The lending bank ...