Money with Mickey 7/9/2020

Mickey Cargile discussed the issue of loaning money out to others
Published: Jul. 9, 2020 at 10:46 AM CDT
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In today’s challenging environment, you may be asked for a loan. But is loaning money ever a good idea?

CBS7 News Financial Expert, Mickey Cargile with Cargile Investment Management, joined Wake Up West Texas to look into this issue.

Below are the questions that Mickey answered:

Q1: Should we consider loans to friends and relatives when asked?

Q2: If we do make the loan, how should we proceed?

Q3: Would it be better to co-sign than to loan outright?

Q4: Is there a better way to help someone than making a loan?

Mickey Cargile has been providing financial advice and guidance for 39 years and brings his expertise to Wake Up West Texas every Thursday at 6:15 a.m.

Copyright 2020 KOSA. All rights reserved.