We receive many letters from readers who, to put it simply, have been cheated by friends, former friends, neighbours and even family members who borrow more or less money from them. In many cases, the mistakes made when borrowing cash are decisive for subsequent problems in recovering the cash. Often lenders limit themselves to verbal assurances, not taking care of proper security of loan repayment. It is not worth taking the word for it Through the loan agreement, the lender undertakes to transfer a certain amount of money or items marked only by species to the borrower, and the borrower…
