do you lend friends money?

@jhl930 (3601)
United States
February 26, 2009 5:09pm CST
i have always heard that you shouldn't loan friends money because it can ruin a friendship but i was also thinking that if you don't try and help your friend out, are you being a good friend to them, sitting there watching them suffer, when you know that all you have to do is loan them a little bit of money and that will help them with their problem, but i also see how it could ruin a friendship because if they don't repay the money back that could get them on your bad side, so to say...so what do you all think, do you lend your friends money or not? i would like to take this time to thank everyone that has taken the time out of your day to come by and look at my discussion adn hopefully answer, thanks once again for spending your time trying to help me!
3 people like this
36 responses
• United States
26 Feb 09
I will usually lend money to a friend whenever I can, unless they build up payments and I never get any money back. Than I will either say that I don't have any money or that I can't lend them anymore until they pay me some back. I know who my reliable frineds are and I am always good about giving back lent money. I think that it is very important to be able to trust people to do what they say they will.
1 person likes this
• United States
26 Feb 09
I don't lend anyone much money, but I will lend some people a little bit of money. A ton has real potential to ruin a relationship, though.
1 person likes this
@icegermany (2524)
• India
27 Feb 09
till now i never had friends who had borrowed any money from me and even i had never taken any money from any of my friends. i really dont believe in borrowing and lending money to any one but then we never no when any person can have a need and may feel helpless and this time may come to us also, so i think we need to help eachother if not by the whole amount atleast a little how much ever we can.
@delkar (1712)
• Romania
27 Feb 09
well, you are so right, but in my case, until now, all my friends gave me the money back as soon as they had. Sure that sometimes they lied, because they didn`t have any money at all. Just one "friend" was cheating me, because he camed at my door asking me $20 to go out with his girlfriend. I knowed that girl ,because i was the cupidon for them, and i`ve lent him that money, and until then , there are more than 2 years, and he never comed with the money. But sure, that happened just because i was kind, because he wasn`t really a friend of mine. We were friends just for 1-2 months. It was my mistake, and for that, i payed. But we are not even say hello now, just because of that. It`s not real the money, but it`s his atitude...
@itsme_cha (504)
• United States
27 Feb 09
yes i do lend money to my friends, but not very often as i dont want to have a problem dealing with how my friend will gonna pay me, because there some people that they good by their words but when it come of paying you back they make it a little harder so i dont wanna have any problem with my friends specially friendship as i wanna a have good friendship with my friends. happy posting!!!
27 Feb 09
In my opinion,you can only lend money to these friends who you trust or the ones you are sure that they will return the money to you.This is the best choice.
• United States
27 Feb 09
I use to and now I don't friends take advantage of it just like family. They act like they don't have to repay or take longer than expected to pay you.
@Starwulf (43)
• United States
27 Feb 09
The problem that people have when lending to friends is, they expect them to follow through on terms not discussed. Here's is what usually happens: Hey can you loan me some money, friend replies sure. Then the friend gets upset because they are not being paid back as fast, or at all, when it was never discussed. If you loan money to a friend, make sure talk to them about how fast you expect the money to be repaid, are you charging interest and how much. Work out the detail before any money changes hands. Then remind you friend when a payment is expected and if they get upset, remind them they agreed to the terms. If all else fails, you can 1) never lend them any money again, 2) stop being a friend to them, but only after you let them know its because you loaned them money on good faith they didn't repay. Don't make it hard on yourself. Learn to communicate.
@ersmommy1 (12588)
• United States
27 Feb 09
I have lent money, yes. Some have paid it back, some have not. I don't do it much anymore. It can ruin relationships. And it has. So it is just not worth it.
@kiran8 (15348)
• Mangalore, India
27 Feb 09
I too have heard about this..Never to lend money to someone close to you. There is some truth in that saying, because it really can spoil relationships if the money is not returned on time for some reason or the other. But as you rightly point out what are friends for? if not help each other in times of need. I would help my friend if the need arose and keep my fingers crossed LOL
• India
27 Feb 09
Yes i do lend money to my firends. I don't belive that by lending money alone itself ruin friendship until the person who borrow money keeps up faith. I do lend money but if he doesnot keeps up promise or loose faith from me i do not lend them. Infact i lend money to the people who are trust worthy.
@dismalgrin (2604)
• United States
27 Feb 09
I don't lend people money... but I do help out in other ways. A friend of mine really needed a crib matteress when she found out she was pregnant with her second. Her oldest was still using his matteress on his toddler bed and she just couldn't afford a new matteress for the baby. My toddler was refusing to sleep in her toddler bed and was just crawling into bed with her big sister. So, I gave her mine. She felt so bad about just taking it as a gift that she gave me a giftcard for $5.00 to our xmart. I also give people the clothes my youngest 2 outgrow. My oldest passes her clothes down to her little sister so, I have to wait till the younger one outgrows them before I can give them away. I will also give some of my food to a friend if they are in need. But, I rarely ever have money for myself so I don't think it would be the wisest thing to loan it to a friend. I've loaned to my younger siblings before and they aren't too good about paying back... so we go for a period of time with them being afraid to come around because they know they owe me, and me being a little tiffed because I know they now have a job and can pay me back. Haha.
• India
27 Feb 09
hi, your opinion is very good. good friendship never breaks with any reasons. good friends means they can understand every thing. but, there may be a chance of breaking the friendship with money but a good friendship never fails. i can also lends money and they can also does the same. i think this is very good process and it is meaningful to friendship.
@jb71080 (10)
• United States
27 Feb 09
Well let me tell you this...it really does come down to the amount of money that you are lending your friend. I mean, if they need like $100 to pay someone back or whatever, I say go for it. Just as long as its money that you wouldn't mind missing. Here is a little story. My friend was moving into a new apartment and it was her first. She really didn't have ANYTHING but what she had from college which was the basics. At this point, being one of her best friends, I lent her money...on a credit card. we should go shopping for things that she would need and I would put it on my card. Then she got into some money issues and I helped her out with that (pet issues, car issues etc) By the time everything was said and done, she owed me almost $7000! At this point it was said that she would give me $100 every Thurday to pay me back and since it was the credit card, I would add $50 for every month it wasn't paid. Well, then it got to the point where we would rarely see each other and it was tough to get the money on a weekly basis. We then decided that she would just get direct deposit and I would be attached to her account so I could just go to my local ATM and take the money. Well this was a little while ago and she still hasn't paid it off. And well, it has gotten to the point that I WANT the money NOW and she can't give it to me. She has about $5000 to pay off and I told her that if she could give me $4000 right now, I would consider it paid. She can't, and I haven't talked to her since...
@max1950 (2306)
• United States
27 Feb 09
i used to but not for the last 10 years or so im still 20+ thousand in the hole from friends that always seem to forget to pay or have excuses. now when someone ask's i tell em their 10 years and a day late. i just helped a friends son pay for rehab i knew i shouldn't but the kid seemed to be getting straight but he got up and left and im in the hole again, but this time "i'm holding his rolex" as collateral, he's got another month them im taking it to the first sleezy pawn shop i find and get my money back, he can have the rest i just want whats mine.
@benny128 (3615)
27 Feb 09
no only people i will lend money too is family, I will help my friends in any way I can other than financial as too much of a risk lending friends money.
• China
27 Feb 09
hi ,my friend ,here i want to share my opinion,every coin has 2 sides,so i think we can't say can or can't.i used to lend money to my friend ,best friend ,i know him very much ,and i know he is good guy,after i lend him money ,i never talk about the money i lend in front of him,after he had money ,he back to me and thanks me. i think if you understand you friend and he really has problem ,if not much money ,so pls help them and maybe one day,when you happen to have difficulties ,your friend will help you too. but remembe don't lend the money to your friend who you don't know him/her very much. and if you unfortunetely cheated by your friend for one time ,pls don't frustrated,just think you did a good things and leave him/her far away.
• United States
27 Feb 09
I lend my friends money when I can spare it. They always let me borrow their stuff, so I figured it only seemed fair if I lend them some money every once in a while, right?
• United States
27 Feb 09
If I have the money to spare then sure I may give up a little cash but I also keep in the back of my head I probably won't get it back. If your friend is suffering thats a good sign that it may either take awhile before you get your money back if at all. I haven't had the best experience when it came to money, rent, etc. with friends so I try to leave that out if its a good friendship. Usually when money is involved with anyone whether its a business, friendship, relationship it can turn ugly very quick. Its always good to help out when you can but think and make sure you are able to do so yourself. You may end up in his shoes one day and need a friend and that person may not be able to repay you or help you when you need it.
@kquiming (2997)
• Philippines
27 Feb 09
i think there's some truth in what you read , because of the endless possible things that could happen that will ruin the friendship..u know what i mean? but i do lend money to friends, only in small amounts though, so that if ever they don't pay or if i forgot about it in the first place, it wouldnt be a big deal. no problem. not a loss. hope my opinion is right.. just my thoughts anyway...