<\/p>\n
Many people are now borrowing from family and friends due to the current economic crisis.\u00a0\u00a0 <\/span>This new phenomenon known as social lending has increased significantly over the past year. However, many fail to document the loan.\u00a0 <\/span>This in turn leads to disputes later on regarding the money borrowed.\u00a0\u00a0 <\/span>Experts now recommend using a third party intermediary that specializes in managing social loans.\u00a0 <\/span>One of these companies is Virgin Money USA http:\/\/www.virginmoneyus.com\/<\/a>.<\/p>\n The company makes it easy and affordable to facilitate the transaction.\u00a0 <\/span>This will save many the heart ache and headache associated with lending money to friends and family.\u00a0 <\/span>Here\u2019s how it works:<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Find someone that you would like to borrow money from and create a proposal.<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Make contact with Virgin money to manage the loan.<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Select interest rate and repayment terms.<\/p>\n Another good reason to use a service such as Virgin Money is that the company follows up and takes immediate action if the borrower is delinquent.\u00a0\u00a0 <\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Many people are now borrowing from family and friends due to the current economic crisis.\u00a0\u00a0 This new phenomenon known as social lending has increased significantly over the past year. However, many fail to document the loan.\u00a0 This in turn … Continue reading