If you lend money to a friend and the promised date of payment is over.....

this is my situation for 2 years now, a friend of mine borrowed money from me and promise to pay me after 1 month but until now she did not pay me.

Hello lynboobsy11, yes I might just try to remind them especially if it is long due and I needed the money.

Lyn, I had touched the same issue in one of my discussions and I received very interesting replies. For me...it is really a problem to ask someone to return my money...on the other hand I cannot refuse my friends ...if they ask for loan. I am still not able to find any suitable answer for this issue. It would depend upon situation to situation.

For me it depends on how much I lend a person. If it is just a couple of dollars, then I don't worry about it. But if it's more, then I respectfully remind them, and let them know that I need the repayment. There is nothing wrong with this. If they cannot pay, or do not pay, then refuse to lend them money in the future. It does not have to affect your friendship--just tell them that you cannot spare it or afford to lend it to them.

I think definitely you should be careful with lending out money. However, if at one moment or another a friend or family member pulls as your heart strings and you feel obliged to assist them monetarily and you both make an agreement then it needs to be kept. There are ways to approach people so that it doesn't ruin the relationship outside of the financial committement you both have made. Think of what's been going on with their life. It all depends on what you lent them money for. Are they out of a job and you helped with a bill or did you lend them spending money. Either way you definitely need to talk to them, but make sure you don't do it when you are upset about it because they could make things worse.

Yes, I would definitely ask for the money when it has passed the time of repayment. After all we work hard for what we get. To help a friend in need is indeed a good thing, but not to return the timely help is indeed bad enough. It shows how irresponsible a person can be to break the trust one has placed in the other. We all have plans to utilize the money we earn, but to sacrifice that and help another is a real beautiful aspect in our life...so I would approach this friend and remind hime / her to payback what he / she has borrowed.

i am just like you. most of the time, i don't remind them about the money they borrowed from me. i just wait until they pay me back. what hurts most if that they pretend that they forget that they borrowed me anything... as if, nothing happened at all. there are times when i really feel bad about it since no matter what the amount is, it's still money. plus the fact they promised to pay me back should be done. i guess i should not be like this anymore and fight for what they promised me for. i mean, i deserve the payment, right?

That would be a real bad situation for me itself...

First of all there should not be transaction of money with friend, unless it is very much essential. If friend is late in paying, we will remind him. This reminder may heart him so avoid to lend money to friend and same for you also. Some friend really forget to return and some wait for reminder. Untill we remind, they do not bother to pay.

i think if i would have in your place i am really shy to ask once i give the money .but there may be chances those freinds make a habbit of buying money from people and since it is not a hard earned money they may spend that money unnecessarily.it is better while giving money one may ask to them whether it is for any necessary purpose or if they are buying money just for meeting some luxurey better not to give .coz u are allowing the person to damage his life.but once after giving the money it is hard for me to ask for that money

Hi, lynboobsy11. Sometimes, it happens on me. To some extent, we're alike. I also feel ashamed to ask them to pay it back. I just wait till they remember it and pay back to me. Therefore, we should know well of him/her when he/she borrow from us. Do not lent it to those who always wait for the due date or the last minute if possible. Have a nice day! :)

Well, if it's a small amount for you, then maybe you can let it go. But if they borrow amounts that really put a dent in your finances, I suggest that you start making sure that they pay up. There are polite ways to do it. If you keep on waiting for them to bring it up, you might not get paid at all. Also keep in mind, that because you're so nice about it, some people may try to take advantage, or take for granted that you need cash too.

Hi, We lend money when we strongly feel that the borrower needs it. We also usually know the ones that will return and those who will, and we still lend. Money comes and goes and friends are forever. So I would only lend what I am prepared to give away. It is sometimes easier to "lend" than to give alms.