Smart Tips to Avoid High Interest Rates with Family Loans 💰

Kelly Phillips Erb, a senior writer for Forbes, joins ‘Forbes Talks’ to discuss avoiding high interest rates using intrafamily loans.<br /><br />0:00 Introduction <br />0:24 What Exactly Is Grandma's Bank?<br />1:41 Inter-family Loans Explained<br />3:33 Potential Risks Lenders Face<br />4:49 Always Have Paperwork Even With Family Members<br />5:40 Kelly Advices Balance And Boundaries In All Things<br />8:03 How Can Inter-family Loans Help The Middle Class?