Article preview: When you think about borrowing money, the lender of first resort is usually a bank, building society or credit union. But what about borrowing money from friends and family? According to new research, the amount of money borrowed from this less-traditional source has fallen significantly since last year. The new How Britain Lives research from Lloyds Bank found that there is a 58% decrease in borrowing and a 52% decrease in lending, since March 2019.
Borrowing from friends and family falls
This 597-word blog post looks at new research from Lloyds Bank which found that 58% less borrowing from friends and family has taken place during the last year. Written on 1st August 2020.
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