Study says It found that 71% of Americans have lent money to friends without being repaid, and nearly 40% would consider ending a friendship over unpaid debts.
A significant portion, about 75%, would do so for amounts as small as $500.
The report also revealed that asking a friend to repay a loan is among the most uncomfortable social situations, second only to forgetting someone’s name.
It encourages people to muster the courage to request repayment through mobile banking options, reinforcing the idea that true friends should honor their debts.
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