Lending money to a friend? There's a 43% chance you won't see that money again...
Everyone goes into peer-to-peer lending transactions with a positive state of mind, but the reality is not all informal loans get paid back. This is not only unhelpful to the borrower but puts a strain on the relationship. Bank on Family will increase repayment rates for lenders, build borrowers credit, and create loyal members with healthy financial behaviors. Â
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Help your members help their family.Â
Bank on Family reduces the awkwardness lending between family and friends by making the credit union the facilitator of a streamlined process.Â