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Before Lending Money

MoneyWise

Christian talk radio with Rob West

October 16, 2018

It happens to everyone sooner or later. Youre just minding your own business not bothering anyone, when a family member or friend asks you to borrow money. Your answer could have lasting consequences.Today, Rob West and Steve Moore discuss some practical considerations before you decide to take on the title lender.Next, they answer your questions at (800) 525-7000 and [email protected] about the following: -My mother is 85. She has an annuity that has matured. Her financial advisor told her to put the $45,000 back into an annuity. I dont think that sounds right considering her age. Does it sound right to you? -You give a lot of advice on how to keep your credit in good standing. What about people who have already made mistakes? How do we fix it? -I just moved into a rent-to-own house. The owner is doing asking me for extra money and is making me uncomfortable. Do you have any advice? -Im 67. I was recently told that I could use part of my minimum distribution to pay my tithe. What do you think? Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

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