Shakespeare might not be at the top of the list of people to take financial advice from. Yet his guidance of "neither a borrower nor a lender be" is pretty sound when it comes to monetary agreements between family and friends, experts say.
Last year, a survey from CreditCards.com of 2,304 adults revealed that 59% of those who had lent money or paid a group expense with the expectation of getting it back found the exchange had resulted in something "bad". Four in 10 lenders said they never got their money back at all, while a further 26% said it resulted in damaged relationships.
