<prompt> Human: Hi,let me say straight away that I am not yet sure if I will be lending the money. It is a bit of a risky move, I know it and I dont need to be convinced not to do it. Im interested how I should do it, if I go through with it. I fully believe he means to do right by me and I am not risking my livelihood over it. Id be pissed if the money was gone, but I wouldnt have to forego anything Im currently planning on doing. This being said it is still a lot of money to me and in general, were talking about 3k. With that money he plans to pay off his overdraft bank account, so that the overdraft fines no longer accumulate and enables him to save some of that money. The overdraft fines are about 60month and thats just stopping the overdraft from growing not actually paying down anything. If he takes out a loan, due to his bad credit history, hed prolly have to pay about a similar amount of interests as he does now He already checked , so the idea was to give him an interest free loan by the bank of me. If I decline, hell take out a credit and try to pay it down that way.He seems to have done his research which is why he came back to my offer after initially declining it and hes offering 30 payment rates until he gets a better job 1-2 years from now depending on when he graduates. So this is an almost 10 year plan.Right now he has two jobs long term and is a full and long time student. So far, so much about the money. What Id be interested in is: a how to best formulate the agreement between the two of us. How to write down the rates. Should I request extra payment at christmas since I know hes getting christmas benefits then? Should I ask for more?Is it better to fix yearly quotas or monthly? Should I demand that he pay me his christmas benefits if he misses payments that year?Am I overstepping if I ask for a financial plan of his spending for an average month? And the amount he has alotted to save for himself?What is the best way to track all payments made? Im tempted to request that they all be made by transfer as Im prone to forget payments made in cash.and b I want to help him with his spending habits. So some easy tricks to save money would be much appreciated. Well be cooking together once possibly twice a week from now on to save on money usually its take out or microwave meals, which come more expensive than home-made food.  <response>: People who are paid to professionally manage money and credit banks, credit bureaus, etc. have decided your friend is unlikely to pay them back.Youre in no better shape to determine that than they are. Make it a gift. As said elsewhere, nothing you can do will guarantee repayment without a lawsuit. 