Should I lend money this time?who can tell me what should I do?

@ann101 (519)
China
May 27, 2010 10:06pm CST
One of my husband's best friends want to lend money from us,and it's not a small amount.We have lent money to several people in the past years,including my classmate,his relatives and colleague,and the sum almost takes half of our earnings!But until now no one pay back the money and even tell us when he or she will be able to.To be frank,I don't want to lend money again,but he is the best friend of my husband,I find it difficult to refuse him.How should do,to lend to comfort my heart now but leave worry in the future(who knows when he will pay back)?or refuse directly because we only married for a few years and don't have lots of money? God and mylotters,help me!
2 responses
@leighm88 (97)
29 May 10
To be honest, if I was you I would just tell your husbands friend that you do not have that kind of money to give him. I would never dream of asking my friends for money, and I think it's a bit unfair of him to ask you for a large sum of money. If I was you I would also tell the people that owe you money that you are struggling a bit and could really do with the money back. Good Luck! :-D
@ann101 (519)
• China
29 May 10
I decide not to lend money this time and put my small savings in the bank for a year term.Then if anyone lend again,I can say my money's sleeping in the bank now.Anyway,I am not a rich one ,and I have to save a little money for our familyand my old parents in case of emergency.God is the saviour,not me!
@nanayangel (7839)
• Philippines
28 May 10
Hi there Ann 101! I think that in this kind of transaction, there should be transparency no matter who the person borrowing money is. The thing is it's not a small amount of money as you said, you and your husband worked hard for it and you deserve to know when he will pay you back no matter who's borrowing. I think that you should all talk, over dinner or lunch and tell him that you are willing to lend him money but you need to know when he will pay you back because you will also need it for the future. I suggest that you lend him since he's not the one who borrowed and haven't pay you back, right? Maybe you should give him a chance. You just need transparency.
@ann101 (519)
• China
28 May 10
It's a good idea but I have got unexpected result in the past.When I lent money to my classmate I didn't ask her and it's she told me that she would pay back after 6 months.But now half of 6 years has past,she has not remind even one time.My husband got the same result.If I have borrowed money from others,I would felt disturbing and tried my best to pay back asap.But not all the people has the same idea.If you have been lied,it's hard to believe once again.