Thanks for the straight talk. Nothing like a little honesty to help light a fire under someone. Documenting the payment plan is a great idea.

I wish I had considered many of these points before lending money to a friend. A few years ago, a longtime friend had trouble with drugs, alcohol, and, ahem, ladies of the night. I loaned him tens of thousands to cover his rapidly accumulated debt. I'm happy to report that he has put his life back together now -…

I wish I had considered many of these points before lending money to a friend. A few years ago, a longtime friend had trouble with drugs, alcohol, and, ahem, ladies of the night. I loaned him tens of thousands to cover his rapidly accumulated debt. I'm happy to report that he has put his life back together now -…