Borrowing Money From a Friend or Family Member

Advantages:

  • No fees for attorneys or company programs.
  • You keep control over your finances.
  • You could incur little or no interest charges.
  • There are no forms to complete or having your credit checked.

Disadvantages:

  • If you still have trouble keeping up with the payments you could find yourself in more financial difficulty.
  • You could damage your relationship with your friend or relative if you are late or default on making a payment.

Call (888) 213-8678 to speak with one of our trained credit counsellors at Consolidated Credit Counseling Services of Canada, Inc. for assistance in this area.

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Get Help

Having issues with your unsecured debt?

Click Here to find out your options to get back on track by filling out a budget analysis or by calling (888) 213-8678 and speaking to a Trained Credit Counsellor.

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Do you have any questions about your personal finances? We have experts waiting to help you.

Click here to submit your question, or call (888) 213-8678 to speak live with one of our trained credit counsellors.

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