Reply #19: My own two bits, maybe discuss some collateral [View All]

[CabalPowered]

If your friendship is to a point that he can ask you for a loan in that range, then I would think that he could reciprocate by offering something for collateral. I understand that it's not a question of repayment, but an arrangement such as this should be a two-way street, even if it is between friends. Chances are, he doesn't have anything that could act as collateral and you could use it as one reason for not loaning him the money.

:shrug: