Fred Harteis News Articles - With banks stingier in the credit they're offering to borrowers, families are finding that it pays to cut traditional financial institutions out of the equation. While the bulk of interpersonal lending is informal and hard to track, there's clearly a lot of money moving around. At Virgin Money, an online company that facilitates such loans, volume has more than doubled in two years, to $425 million.
Perhaps you're considering helping an adult child buy a first home, aiding a sibling who is struggling with debt, or supporting a relative who's lost a job. Those ... more »