Family loans
Search documents
Houston man’s uncle loaned him $10K — but the funds came from fraud. Dave Ramsey says he still owes the money back
Yahoo Finance· 2025-10-30 18:00
Core Points - Eric's uncle was involved in a fraudulent green card scheme that defrauded families out of $1.4 million, which has been shut down by the FBI [1] - Eric borrowed $10,000 from his uncle to secure legal assistance, creating a debt regardless of the uncle's legal troubles [2] - Financial integrity is emphasized as a reason for Eric to repay the loan, independent of his uncle's character [3] Family Loans Complications - Informal borrowing from family or friends can lead to complications, especially without a written agreement or repayment timeline [4] - Approximately 20% of U.S. adults have received financial help from friends or family, indicating the prevalence of such arrangements [4]