Lending money to friends.

@alokijon (665)
Malaysia
February 2, 2012 7:54am CST
There are so many kinds of friends in this world. It is very difficult to live without friends. Most of the times we will need our friends to help us in many ways in our life. There are very good friends and there are also friends who will take advantage of you. Recently one of my friends asked me to lend him some money. At first I didn't feel like to do it because I myself do not have enough money. But after that friend of mine told me his sad story, I lend him some amount of money. The problem is everytime I asked him to pay he said he still do not have money. At last he purposely ignored me. What will you do in this kind of situation? Why people so easy to borrow but very difficult to pay back the money?
1 person likes this
7 responses
@GemmaR (8517)
4 Feb 12
I have lent money to a lot of people in the past and regretted it, as you can pretty much guarantee that they're not going to be able to pay the money back in the time that they're going to tell you that they will. I lent a large amount to a friend once and ended up going into debt because they didn't pay me back in time. I am not prepared to go through this again, and I don't care who the friend is at all. Money will bring out the worst in people, and sometimes you don't even know how bad somebody is going to be with it until it's just too late to go back.
@alokijon (665)
• Malaysia
5 Feb 12
Who doesn't need money in this world right? All of us need money to survive. We are trying very hard to save some money for future use. Then, suddenly our friends some and want to borrow it. The problem is if we don't give we scare that people will think that we are stingy and so on. But if we give, the tendency for them to pay on time is very rare or they might not pay it at all. If they pay also, most of the time the pay it in stages and we are in a hard time to spend it because the amount is very little each time they pay.
• Philippines
2 Feb 12
I'll just pray to the soul of my friend who didn't pay me. I hate those kind of person,I hate them because they doesn't know how to pay their debt. I have a friend he haven't pay me yet. He borrowed the money year 2010 and what year is it now? It's year 2012. Damn! I learned my lesson, I should only borrow to those friend whom I trust the most.
• India
3 Feb 12
just help ur best and loyal friends and lend money to those who can pay tht back not to everyone.....
@youless (112100)
• Guangzhou, China
3 Feb 12
It is sad to hear that. In fact people often say: If you lend the money to your friend, then you will lose your money. If you don't lend the money to your friend, then you not only lose money but also lose your friend. If your friend can't return the money to you, there is no better way. The friendship is already ruined. I hope he can't return the money because of his bad finance situation rather than he doesn't want to pay back for you. When you lent the money to your friend, it is better to expect that this money couldn't be returned. If your friend really returns the money, it is a surprise. Perhaps this can make you feel better. I love China
@megamatt (14292)
• United States
6 Feb 12
I have a very strict no lending rule as it regards to people. And this is not without reason. You're so right about how people find it easy to borrow the money, but paying it back is another matter. Then again, that problem has been widespread but that is rather another debate for another time. I think that lending money to friends is perhaps a foolish thing. And if people take offense to that, I start having severe doubts about this particular friend, about whether they were truly my friend to begin with. There are just times where people tend to think that friendship means that they can take what they want. That is just not the thing. One of the hardest things is to say no to someone, but you kind of have to, because when you lend out money, there is a pretty good chance that you may never see it again.
@kukueye (1759)
• Malaysia
3 Feb 12
PErsonally i don lent money to people or friends, because i myself don have the luxury to lent rent people money since i am broke and only enought to for myself and spending.Friends usually don return money they borrow from friends, so before borrowing to friends test friends with smaller amount first and see the rate of return.IF small amount also hard to get back then better not borrow big amount.
@tatzkie23 (770)
• Philippines
3 Feb 12
Sorry to hear that. Yes you are right, sometimes it's hard to lend money to your friends especially if they don't have the capacity to pay it. To be honest, i've also tried borrowing money from my friends, but i always make sure that i will pay them on time. So far so good, I don't have any debt left. I know it's difficult to lend money to your friends or something, but as a friend, i tend to lend them, but unfortunately some of them didn't pay. I know it sucks, i learned my lessons well.
@kingparker (9673)
• United States
3 Feb 12
I also has friend like that. I tried to help him when he needs money to buy an airplane ticket back to The United States here. He promised me that he will pay me back. After one delay to another, he finally found a job, and he told me to pay me back. Eventually, such promise become a lie. I won't never let him borrow me any money ever again.