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This tag is a generic tag to be used when asking a question on Loans / lending. If there is a specific question the other related tags like home-loan, student-loans, etc should be used.

31 votes

Should I charge my children interest when they borrow money?

As far as charging interest on your loans, go for it! Charge them 5% or something small. … Just don't do it on the existing loans or that will come across as changing your initial "contract" again, and perhaps once they've proven themselves to be reliable borrowers they can once again earn the …
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