Both have unique features that borrowers may want to take advantage of this year. Here's what to consider now.

Borrowing money from family is awkward enough ... But the next day, Palm's mother took her to the bank to get the money. Palm, now 71, and her parents never outlined when or how she would pay ...

While borrowing money from friends and family can be a lower ... explain why it’s important for you to get access to the cash now. Your friends and family are under no obligation to lend you ...

Borrowing money can be uncomfortable enough on its own, but asking to borrow from family can lead to some tense situations if you're not careful.