Do you or have you ever loaned money to family or friends?

@sudalunts (5523)
United States
October 25, 2008 8:41am CST
If you have, did they pay you back? The basic rule is to expect not to get it back, in order to create conflict between relatives and friends. I used to be everyone's personal bank, I would loan to everyone who needed it. I would get paid back, sometimes not as fast as I would have liked to, but paid back non the less. I had a girlfriend, that I had not heard from in a long time. She called saying that she needed to borrow money in order to move. I was so glad to hear from her, I went to her right away. She wanted $300.00, I was going away, and had the cash on me. I gave it to her with the promise that she would pay it back the next week. That was over ten years ago, I have not heard from her since. I was so hurt that she would use me like that. The money is not the issue, she was my friend, and for her to stiff me like that without even a phone call. She took my money, and that was the last I heard from her. Has anything like this happen to you, and do you loan money to family or friends?
2 people like this
19 responses
@june50 (111)
• China
25 Oct 08
I often give money to my family, if they have money,they will give me back, but I dont mind if they dont return to me. Because they also give me money when I dont have money. I lend money to my friends when they need my help. They will give back to me. I am sorry about what happen to you. Maybe you shouldn't lend money to such people except that they really need your help and you can trust them.
@sudalunts (5523)
• United States
25 Oct 08
Yeah, I learned my lesson from that. The money was not the issue, the issue was that my good friend did not even contact me again after the money was loaned.
• United States
25 Oct 08
Yes I have and i know its not good to do but i have been fortunate, other then in 2 or 3 situations of which they were less than 100 bucks..i have aleays gotten my money back, usually later than they tell me they will pay me, but i get it back none the less..im trying to get away from doing it though cuz i know one day im gonna regret it
1 person likes this
@sudalunts (5523)
• United States
25 Oct 08
I wasn't that concerned with the money, my issue is that my friend didn't even call me not even to tell me a lie about paying back the money. I guess it is true, the best way to get rid of someone out of your life is to loan them money, they will surely disappear
@cutepenguin (6431)
• Canada
26 Oct 08
I have loaned money to a friend - I was paying her back for something, and she mentioned that she needed the money right then because she was very tight. So I offered to lend her some money. She didn't pay me back, but I know it was because she didn't have the money, so I am not bothered by it. (ie. I know that she never went out and bought some expensive thing instead of paying me back, she just had a lot of bills to pay).
@sudalunts (5523)
• United States
26 Oct 08
Yes, I understand your friends situation, I can appreciate that, but for someone to borrow, and then disappear from your life if so selfish and self centered. thanks for responding
@sid556 (30960)
• United States
26 Oct 08
I do agree that when you loan money, you should not loan any that would really bother you if you never got it back. I loaned quite an amount to both my brothers once when I got a settlement. Both made an attempt to pay me back but then have never been able to pay further. They felt bad and both have mentioned it from time to time but I've told them to forget it. It doesn't bother me. I've lent money to friends and aquaintances and even strangers. sometimes I get paid back and others I don't. I don't lend great amounts as I don't have it. I make a mental note that if the person doesn't pay me back...no more loans. As for your "friend", she really wasn't much of a friend to do that to you. I'm sorry you got hurt.
@sudalunts (5523)
• United States
26 Oct 08
Thank you for your sentiments. It wasn't the money that bothered me, because it would neither make me nor break me. It is the fact that she wouldn't even contact me, I would have understood if she did not have it to pay me back, and that is understandable because she needed a loan. I think about her often, wondering where she is etc. But she really did me wrong.
@lilybug (21107)
• United States
25 Oct 08
I am always loaning my sister and my brother money. They always end up paying me back eventually, but not until I get on their case about it usually. I have loaned friends money before and never gotten it back. I am no longer friends with those people, but not because of the money. We just lost touch.
@sudalunts (5523)
• United States
25 Oct 08
Loaning money can be a touchy situation. I do not sweat anyone over money I loaned them, because I usually do not expect to get it back, but I do not like the ducking and dodging.
@grace24 (1050)
• Philippines
25 Oct 08
sometimes this thing create a conflict between you and your loved ones, of course you love and care for them so you will handed them money. yeah..i let them to borrow my money because they promise to give it back and i have trust in them. I usually get my money back but sometimes they are not paying me,they forgot that they borrowed some money in me because im not reminding them to pay me because i want them to pay me in their own. I dont want to remind them always that they've got some debt in me. if i have a friend that is always borrowing money and didn't pay for anything he had borrowed then i will not let him to borrow my money again. This is the point,the money is nothing..it is not the issue in here...friendship is very important..of course you do not think about the money that you have given but it is the friendship that is loss because of that happening. In your situation, you are hurt because she did a bad thing to you for the sake of money. The friendship is ruined,and all of the trust you have for her is gone..
@sudalunts (5523)
• United States
25 Oct 08
Yes, all of my trust is gone for my friend, I have not heard from her in over ten years. She could have at least called me, because I was concerned that she was okay.
• United States
25 Oct 08
I agree that if you're going to loan money to family or friends, not to expect it back. I loaned one of my sons money that he paid back in dribs and drabs, and sometimes by giving me stuff that was supposed to be worth part of what he owed. I don't think I ever got it all back. I'd rather give the money outright as a gift than deal with that again. At least you don't have to watch someone you care about weaseling out of paying you back.
@sudalunts (5523)
• United States
25 Oct 08
Yeah, I really do not expect it back, it would be nice to get it back though. My thing with my friend, is she took the money and ran.
• Philippines
26 Oct 08
yeah, i did. i know that at times they can't pay you off from what they owe you but just like what you said i don't expect any payment from them for it will just cause conflict and misunderstandings especially with relatives. what hurts the most is withdrawing what you have saved for and have it borrowed and if they can't pay you back it would seem that your hard earned money went nowhere, especially seeing them with money but still they forgot paying you back.
• China
26 Oct 08
I will loaned money to my friends if they need my help .some people they dont pay you back maybe forget it .So if my friend dont pay me back after a long time ,i will remind him and he will pay me back.
@JOIEMARVIC (2335)
• Philippines
26 Oct 08
Good thing nothing like that ever happened to me.That was definetely a big amount.I guess it is the consequences of loaning money.When loaning,we loan not only money but also our trust.Too bad you ex-girlfriend was the one who did that to you.But take it as a blessing.What if you two became a couple got married and she even took a higher amount from you.Atleast you were able to know that she is not worthy of you.BUt you seem to have no grudges on her.I salute you because of that.Just keep on moving on with your life and just throw that inceident to experience.Have a nice day!
@ljq897 (77)
• China
26 Oct 08
Yeah,i had loaned seven desks to my uncle one years ago,but those desks could come back again since they left me alone .As for as me ,i had to buy some new desks in order to sit me down when my family have meals.Dont be worry about it ,we could live happy though someone took something from us,such as money,desks.
@iamcdy (1119)
• Philippines
25 Oct 08
Yes I have but to some relatives and friends. sometimes, I feel awkward to ask to give it back even if I needed the money even though it was past the time it was promised to be returned. Like, a friend asked me if I could lend her some money. That was mid August this year. She said she needs the money for her job application. She promised to return it to me by September First, which made me felt glad because at least I have some money for my birthday. It is already October and I haven't heard a thing from her again. I did not dare to ask her because I always thought that I may hurt her feelings or be inconsiderate. I don't know, but I always feel uneasy when someone borrows money from me ever since. Maybe because I am not used to borrowing money from others, even from my family especially when I started to have my own job. I am afraid of being in debt. Hopefully, my friend will return the money before Christmas and I was glad to know from a common friend that she got the job she applied for.
@sudalunts (5523)
• United States
25 Oct 08
I am like you, it is hard for me to ask for MY back from someone I loaned it to. I usually do not ask, because I feel like I am taking something from them, even though it is my own money.
• India
26 Oct 08
No i have never loaned any money.But i have lent money to my parents sometimes.But i never ask them to return it back.
26 Oct 08
A few months back my mother in law needed a loan of £300 to pay a loan payment. With the promise she would give us it back the next week we agreed. As i said this was 3 months ago and we still haven't recieved the money back. We wouldn't mind if she was having money difficulties but she goes out all the time and is moving in with her well off boyfriendo pay and needs to pay no rent of mortgage. I don't think we'll ever see that money again.
@Ithink (9980)
• United States
26 Oct 08
I have let people borrow money and will again. Certain ones I know I will get paid back from, others are a guessing game and yet others I know when that money hits their hands it is the last time I will see it in my hands. LOL! Why do I do it then? Cause they are my friends and family and if I can help in a time of need and can spare the money I will. Glad to say almost all pay me back or I probably wouldnt be able to afford to lend it out. lol
• United States
25 Oct 08
No, I don't loan money to people. I would never ask anyone for a loan, so no one should ask me for one. The only person I have given a decent amount of money to is my mother, and it really wasn't a loan. If I have the money to give someone who really needs it, I will. I don't know how they could feel comfortable accepting it. I don't like people giving me money or other items. I wouldn't even accept it.
@taripres (1499)
• United States
26 Oct 08
HAHA, all depends on which one, never again! My younger brother, a few females and my ex wife! There are even some old ones in the equation, but I don't associate with them anymore, due to the money issue! Cross me, I'll getcha..lol! Taripre$
• Singapore
26 Oct 08
Hi sudalunts, yes i have loaned money to my friends before however my family has never ask to loan money from me before. When i lend money to my friend, i dont expect go get it back because i know its easy to borrow money from someone but its difficult to return. I had never gotten back money i borrowed to my friend and hence i try not to loan money to anyone nowadays.
• United States
25 Oct 08
First off, loaning money to friends or family is a very bad idea. It creates tension. Although you may feel like you are doing a good thing, you are risking a relationship in the process. In the past, I borrowed money from a family member and could not get that loan out of my head whenever I saw them. I actually avoided seeing them because I felt so badly about the situation. I paid them quicker than we planned, but I still struggle with the fact that I had to ask them for money in the first place. I actually let my brother borrow money too, and he didn't pay me back for many months. I finally demanded that he pay me back. We haven't really talked since then. Instead of loaning money, give the money as a gift. Most likely, they'll pay it back when they get the money. If you do loan money, don't expect to get paid back and be willing to risk the relationship.