This agreement is typically used for more complex payment agreements and often offers the lender greater protection, such as borrower guarantees and borrower guarantees and agreements. In addition, a lender can usually accelerate credit in the event of an event of default, that is, when the borrower misses a payment or goes bankrupt, the lender can immediately make the full amount of the loan, plus any interest due and payable. Lend money to family and friends – When it comes to loans, most refer to loans to banks, credit unions, mortgages, and financial aid, but hardly do people consider getting a credit agreement for their friends and family because they are exactly – friends and family…