Do you lend money to your best friend?

@aowaow (1516)
Indonesia
October 21, 2007 9:44pm CST
We don't know when somebody will get the crisis in financial, yes we had that too. And had heard many of them who was a best friend to each other, has broken up because of money concerning. We lend them money, indeed they forgot to pay the debt or they cannot afford it back, then avoid us or scared to see us. Do you lend money to your best friend, even though you know the risk of the relationship will become sour later if the condition like above one? What do you think of this part, when your best friend came to see you and ask nicely for a loan help?
6 people like this
31 responses
@lecanis (16647)
• Murfreesboro, Tennessee
22 Oct 07
Money has always flowed easily and without any form of accounting between my family and that of my best friend. I can't imagine not helping her if she needs anything, or her not helping me. We don't worry about "Is this going to be paid back?" or even keep up with who owes who what, we just give. To be honest, I couldn't tell you if I have given her more money or she has given me more, or any of that sort of think. I can look around me even in my home and see things we bought while out together, and I don't know who bought what. We just don't think about those things.
2 people like this
• United States
23 Oct 07
I would not have a problem lending to my best friend either. I have known her for more than 20 years. I know the kind of person that she is. She always pays back her debts, and is very trustworthy. I know that, if she needed to borrow money, she would get it back to me as soon as she could. If that was going to take a while, we would discuss this up front so that it would not be a surprise.
1 person likes this
• United States
22 Oct 07
I only lend money that I'm okay with losing, and I never keep a strict accounting. If we take a trip together she might buy my dinner, or do a favor for me instead of paying gas money. And I'd do the same for her. So far I've never had a friend need to borrow more than $40 for a tank of gas, so things might be different if the amounts got larger.
1 person likes this
@jeanniemay (1798)
• Philippines
22 Oct 07
Yes, I do! I have several of my friends who have never paid me after borrowing some amount but when my best friend did. She was very careful about paying it though gradually. The connection that we had made her put my trust in her. Financial stability is not always ours. We love when we share our good times.
@CatsandDogs (13963)
• United States
23 Oct 07
Credit Card - Never again will I lend money on my credit card!
I have lent my best friend about $350. on my credit card because she was getting married in a few days and still didn't have the money for her gown so I bought it for her but she was to pay me back as soon as she got the money but it took years for her to pay it all back which meant I had to pay all the interest that accured on the card. I didn't expect for her to take so long but that's how it all turned out but I'll never ever do it again. A hard lesson learned very well. It will never happen ever again. I still love her and we're very close but still it won't happen again.
• India
22 Oct 07
Yes,I'll lend.No matter what amount he/she's asking,but I'll try my best to help him/her.And I won't expect it back.It can be possilbe he/she may forget that,but this doesn't mean that they are fraud.As a best friend I should know their problems too.And If I can't help him,then what kind of friendship I am following?Its just not Give and Take.And if it is there,it's not best friendship.:) -AV
• United States
23 Oct 07
hey first of all why your friend came to u not to others, because u r the best friend and a friend has belife to other that i will get help from my friend, and another thing is if u r best friend u should know friend's problem. so before he/she ask for help u have to go first and help him/her. " a friend in need is a friend indeed " i have borrowed some money from my friend for my uncle, i just called him that could u please do this for me and he said : " yes, and u don't have to tell me please u just have to tell me that do this and do this." thats how my friend is. now he has to go abroad and still he didn't and will not ask me or my uncle for that money. after knowing that he will need money if i don't give him back then i will be a bad friend. so i will return his money before he arrange from someware else. thats how we will maintain our friendship.
@missybal (4490)
• United States
22 Oct 07
I never lend out large sums, and when I lend someone a few bucks I usually don't expect to see it back. If anything I tell people they can pay me back in other ways if I know they would not be able to pay the money back. My Best Friend has needed a twenty here and there and I just tell her she can run me somewhere if I need a ride or help me around the house or something like that. Otherwise I wouldn't get anything out of it. But she's always needed it more then me and I know that she would do the same for me.
@arkaf61 (10881)
• Canada
22 Oct 07
Well, I'm kind of divided in this one. I know what the risk is and I don't want to ruin a good friendship. ON the other hand if I can I would like to help out a friend in need. Personally what we do depends a lot on what we have or don't have. If our life is going well and we have some saved money and a friend needs a small amount - anything below $1000 - we will lend it but we will kind of think of it as a gift. Something that we could afford to loose if our friend can't pay us back. ON the other hand if our life is complicated and we will need that money or it will make a big difference if our friend can't pay us back, then we don't. WE haven't had any problems so far. Most money we lend is paid back as soon as our friends can pay it and only once or twice did it happen differently. At that time, our friend told us that it was impossible to pay us back at that time, but that they will do their best to do so. Unfortunately their life is still complicated and we didn't get it back yet. I don't feel upset because I had already thought about it as a gift more than just lending. ONe day they might pay us back, in which case it will be great, or not but we will know why. IN case that someone does not even tell us that there is a problem I don't necessarily break the friendship because of that. I will just explain to them that I am afraid I will not be able to lend them anything anymore.
@vokey9472 (1486)
• United States
22 Oct 07
My firm rule about loaning money to anyone, friend or family, is this: Never loan any money to anyone that you cannot afford to just give away. Why? Because if someone is asking you for a loan, they don't have the money to pay you back in the first place. Money is such a volatile thing. People get divorced over money. Wars have been fought over money. Murders have been committed over money. It is just money. If I cannot afford to just give the person the money, I say no. It isn't worth losing a friendship over. It isn't worth causing bad feelings in the family. So, there you have it. I will give you the money if I can afford it otherwise, I cannot help you. If I get paid back, great. If I never see the money again, well, I gave it without the expectaion of getting it back.
@r4mpage (29)
• United States
22 Oct 07
ya i would help out my best friend i know i can trust him and know that i am gonna get that money back
@angemac23 (2003)
• Canada
22 Oct 07
I only lend to someone who I know can 100% pay me back. I dont care how down and out someone is, if they are not intending to pay me back, than they are out of luck with me. I am just making ends meet myself and I cant afford to give money away unless it will be coming back to me!
• China
23 Oct 07
To be honest,this condition is which I don't want to come up against,first,I got a job one month ago,I can hardly support myself,second,I have the experience to lend money to my friends,some would pay off in time,but others I have no futher information about my money.So I Don't know if I should trust them....a hot potato
22 Oct 07
i actually did that, i borrowed money from my best friend, i had explained to my friend that i will not be able to pay back untill i am able to, so that she was aware there was no time limit on the loan, it was only a small loan but when she needed it back it was no stopping her, she became vicious and a friend that i never knew! i felt that even though i had apologised about 10 times she still insulted me and making me feel guilty about not paying her back the money. anyway i have leant my lesson! never again!
• India
22 Oct 07
to tell u my grandpa has fooled us for large amount of money so my kind suggestion to u is go ahead to help ur friend but make sure he has kept something valuable on gurantee!! hope this calms u?? love & take care
@carolbee (16230)
• United States
22 Oct 07
Yes I did loan money to a close friend and it's been a major disaster trying to recover even a small portion. I'll never do it again as this has taught me a valid lesson. I was suppose to be paid a certain amount each time she was paid. That hasn't happened and doubt in the future anything will change. She's been avoiding me, which is understandable. This is a 20 yr. plus friendship and I really did believe she was having a hard time and I could help. My heart was in the right place. Her heart has been elsewhere such as shopping, eating out and simply buying gifts for others. I'm hurt but will move on. Nothing like being put on a back burner when it comes to a good friendship because of a simple loan.
@TerryZ (22076)
• United States
22 Oct 07
Oh sure Ive lent money to my best friend. I think its the right thing to do. Because you never know when you might need some help. And as long as I can afford to do it.
22 Oct 07
Both my best friend and I have, over the years, lent each other money and we have never had a cross word about it. He borrowed quite a large sum from me a few years ago and not only did he pay it all back, he also bought me a lovely pair of earrings as a thank you. I recently had to borrow some money from him so I could get an emergency repair done to my house, and his attitude was "that's what friends are for" and I repaid him the other week and also treated him to a meal.
@azimsay (543)
• India
22 Oct 07
If your friend is very faithful you can give lend money.Think very long a time and give money,and ask friend will friend give that money back early.
@dilmeet (55)
• India
22 Oct 07
Its happen with me many times and still i am lending money to my friends. Although one time one of my friend reply me onasking to pay back my money ' i will return when i have you not favour me its only friendship' and still i am lending money to my friends. I feel i am stupid to still helpting but i can't say no to my friends if i can help them i feel proud to help them.
• China
22 Oct 07
i have had this kind of situation,my best friend paid back very soon each time she borrowed money from me.my mum had once lend 20 thounsands to her best friend,and never has the money back!it shows what kind of a freind he/she is.