Hi, I am somewhat confused by what is going on here. What type of loan is he considering? Is this with his partner? Can we determine if you are involved, or in any way responsible being a spouse? In my experience, dealing with business and personal loans ranging from hundreds to millions, the business loans are far more difficult to qualify for. And worse, the quick fix type business loans can be for several points to tens of percentage points above normal bank loans.
Be careful and look at the fine print. There is a 'rule of 72' for quick reference. Take the interest rate and divide 72 by the rate (ie 72 / 6 points = about 12 years for principle to DOUBLE). But at 24% only 3 years.
This might be unnecessary to review, but beware quick fix schemes.
On the emotional level, would hubby be using terms like 'OUR problems' and 'bills WE might have' if on a gut level he was still thinking of you as a couple?
Men don't ask for help just for fun. He is pulling you into his life by asking a favor. What does it hurt to help him with the clothes?
