A recent survey by Abbey Loans suggests that we are a nation of ‘friend lenders’. The survey revealed that asking to borrow money from our friends is generally our first port of call, if we need an extra £50 to see us through to the end of the month - in fact about 36% have admitted to helping out their friends financial shortcomings now and again.
The average amount we loan to friends each year is £116. Beware though - some relationships can falter if the loan isn’t paid back or there is some discrepancy about the amount, this accounts for 28% of those asked.
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