Using parents or family members as lenders is the most risky type of loan method.

Name: Using parents or family members as lenders is the most risky type of loan method.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Loans from family members often come with lower interest rates and more flexible repayment terms compared to traditional bank loans, making them less risky financially. However, they can carry emotional or relational risks if not managed properly.

Using Parents or Family Members as Lenders Is the Most