Do you lend? Think about the possible consequences

Rescuing friends with money, you should be aware of the possible consequences of such an action – kindness can be punished, and even criminally. Experts warn.

It would seem that by helping your friends survive financial difficulties, you are doing a good deed. But you need to know some nuances in order not to get into an unpleasant situation. For example, warns financial analyst Vitaly Kalugin, lending at interest can easily fall under the article on illegal enrichment.

Expert explains journalists of RIA “FederalPress” that in some cases a person can be attracted under the relevant article of the Criminal Code:

“A loan agreement is a normal legal relationship. But to lend money right and left on a systematic basis, at high interest rates, is usury. There is article 171 of the Criminal Code of the Russian Federation “Illegal business”, they can be attracted under it.”

Lenders who charge too high interest rates are most at risk. If a person lends money to someone, this is, first of all, help, not business, the financier recalled. But systematically giving people money at high interest rates, you can attract the attention of law enforcement officers and become a defendant in the article “illegal business”. Loans must be given at a reasonable rate and with a mandatory receipt, in which you indicate important points on the issuance of funds – this will help save money in the event of a possible conflict with the borrower, says Kalugin:

“A receipt must always be taken, because even the closest friends or relatives can easily quarrel over a debt of 100-200 dollars or euros.”

You can, of course, without a receipt, the expert notes, if you are ready for the fact that the debt may not be returned. However, it’s up to you.

By the way, do you know what “good” and “bad” credit are? The first allows you to get rich – we are talking, for example, about a loan for a business or buying real estate. Experts refer to consumer loans as “bad” – for the purchase of household appliances, cars, etc. Such loans are quite capable of dragging into the “debt hole”.

Now for the lawyer’s advice:

Source link