No. of Recommendations: 3
The problem is that family members treat loans ambiguously rather than as business arrangements that are expected to be carried out as agree.

And many, many, many of the cases appearing on the People's Court just go to show that it is not worth all that hassle. Documented well or not, the plaintiffs can usually get a judgement. So what? Yeah, on TV the winners of the cases are paid by the show's producers, but in real-life, you still have to try and collect the money from the defendant. Pay me or I'll ruin your credit! HA HA, too late for that!

And my favorite little bit from Judge Milian:

Let's think for a minute, why would one need a co-signer to get a loan?

Because they couldn't get the loan on their own.

And why is that?

Because their credit is bad.

And why is that?

Because they don't make the payments on their other debt.

And you thought things would be different this time because...?



I find it is much better to not do business with family members to begin with. Period.
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