Taking a loan from family is risky for both lender and borrower, CNBC finds
April 03, 2019 at 07:00 AM EDT
When given a choice between maxing out a credit card or taking a loan from a family member, lower-income households and people of color are more likely to turn to their relatives, according to the CNBC Invest in You and Acorns Savings Survey. How to lend and borrow responsibly from family.