2.19.20 Loaning money to friends; Outrageous hospital bills; Cancer rates declining

The Clark Howard Podcast · Feb 19, 2020 · 38m

Bankrate did a survey on outcomes from lending to family or friends, cosigning for them or giving them your credit card. 4 out of 10 lenders to family and friends report they didn't get paid back. Someone comes to the bank of family or friend because they can't get the money elsewhere, so that borrower is ultra-high risk. There are times we'll give out of obligation or love. Clark's 2 part rule for lending to family or friends: One time only IF you can afford it. And, look at it as a gift, not a loan.

Clark's been tilting at windmills lately consulting with the hospital industry about billing…