Money with Mickey 7/9/2020
Mickey Cargile discussed the issue of loaning money out to others
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.
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