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Money and Finances
Reply to "Parents out of money at 75"
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[quote=Anonymous]Never under any circumstances loan money to family and friends. If the bank won't lend it then its because they dont have the means to pay it back. So you could do it as a gift, or you can help them find a way to use the equity of their house to get by. If I was going to gift the money though, I would pry into their finances some to understand whether its a worthwhile expense or whether im just throwing away money before making the decision.[/quote]
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