- May 25, 2002
- Professional Status
- Certified Residential Appraiser
What's the toughest money question? It's the one that can't be solved with a calculator, or even by a smart accountant.
In fact, you may need the combined insights of a family therapist, psychologist and financial planner to find the answer when someone asks: "I need money. Can you help?" You want to help. But should you? And if so, how and how much?
With millions struggling to hang on to their homes, and lenders tightening their standards, more people than ever are approaching family and friends for cash.
Here, the wisdom of experts on how to reply to some typical requests: