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.
Help your members help their family.
Bank on Family reduces the awkwardness lending between family and friends by making the credit union the facilitator of a streamlined process.
