If a relative asks for a loan, should you do a credit check on him?
Answers:
simple rule of thumb, don't loan any money to a relative (or friend) that you wouldn't be prepared to pass them as a grant
That's up to you, but I would never mix business near line imperturbably. Make them sign a loan agreement next to proper jargon and penalty. If it is your mom or dad...only just furnish them the money...they earn it!
Not if you want it to be a upright relationship. If the loan is sizable, and you are concerned in the region of his/her gift to clear you rear legs, I wouldn't lend the money. When it comes to familial, other consider a loan a potential grant, you may never see the money again, and you enjoy to be OK near that.
do everything as you would do for anyone else , dont do anything which go beyond what they are entitled to, as it may backfire . doing things legal will set free you headache and freindships.
The reality that you are even asking the press channel you must hold some doubts. It is a unpromising conception to mix money and relations.