People Who Borrow Money

United States
January 10, 2013 3:31pm CST
So something just happened a few minutes ago and of course I would love some opinions on this. In my neighborhood, people love to borrow money from each other. Some will pay back and others keep pushing their luck having the nerve to try to borrow on top of what they already owe...a woman that I really don't associate with borrowed $5 from me about a month and a half ago and just paid me back a few minutes ago..she wasn't hiding from me..she just had a story every time I saw her.. My question to you guys... How long should a person take to pay back money they borrowed from someone else?
9 people like this
34 responses
• United States
10 Jan 13
Well it shouldn't take almost two months to pay someone back a mere five dollars I'll tell you that much. I really don't like borrowing money but when I do I try my best to pay them back as soon as I can. For me it's a matter of pride & trust. I don't want someone to not trust that I will pay them back. I think that's how everyone should feel when borrowing money.
1 person likes this
• Indonesia
11 Jan 13
Money can indeed show whether or not someone is responsible and trustworthy :)
1 person likes this
@rosekiss (30245)
• Eugene, Oregon
10 Jan 13
I don't loan to anyone, as I would be afraid i wuldn't get it back. I have helped my daughter in the past, and she has promised to pay me back, and she has only paid a little at a time, but she says that when she gets her taxes back, she will pay me some more. I won't hold my breath, as she has said it before, and it never happened. If she give me what she owes then fine, and if she doesn't, she knows she bettter not ask me to help her in any way as i will tell her no. It is hard, especially for my own child, as i want to do as much as I can for her, but then, she is married, and working, and she needs to do for herself. I am going to use tough love from now no. Take care, and have a good day.
1 person likes this
• Philippines
11 Jan 13
That's my new year's resolution. Austerity is in the house
1 person likes this
@ZoeJoy (1395)
• United States
10 Jan 13
At the very latest, by next paycheck. So, I would not lend her any money again. If she asks, then offer some food. But I would not give her any money for her to borrow. Usually people will say how long it will take them to give back the money they borrowed. If I borrow $20, I will say, 'I can pay you back by next paycheck' or if I borrow $5, I say, 'I will bring you $5 tomorrow evening' So, I think it is important to get a time commitment at the time of borrowing. So, it doesn't get dragged out. A month and a half is way toooo long for not paying back $5. I would probably let others in your neighborhood know that she does pay back but it takes a long time. I only borrow and lend to people I really trust. Glad you got your $5 back.
• United States
10 Jan 13
I don't really think she can get anything from anybody else here. She got me because I am still somewhat new here. Her son was going off on a neighbor a few weeks back and now that I think about it I think she told the person she borrowed money from that her son would pay them back..she took too long and it was only $5 so she can forget about it from now on...
@WakeUpKitty (8704)
• Netherlands
10 Jan 13
If it comes to small amounts you pay back within a few days. If it's a bit more people should give a reason and also tell you when to pay back. For example as soon as they earn their income at the end of the month. If it's a "big" loan (buying a car or ...) then it's better to write down when to pay what back. BTW personally I find it a big shame if someone takes so long to pay back $5. I would try to pay it back asap. Might be it's the way I am raised but also I do not like to have debts or take other people in trouble. It also means that I expect others to do the same with me. I have very bad experiences if it comes to borrowing money to others so I will never do that again. It's not my problem if people are not able to manage their money. I have very less to spend and have to live with it with my children. I never ask someone else for money, I pay my bills first, save a bit, what is left over is for food, clothes etc. If I don't have the money I do not buy anything or spend some.
1 person likes this
• Indonesia
11 Jan 13
Making do with what you have, that's a good thing WakeUpKitty :)
• United States
10 Jan 13
Depends on that person's circumstances. A person like me, if I borrow and I know I can't get it back to a person in a reasonable time, I'll like that person know before they give me their money. Common courtesy.
@Mavic123456 (18764)
• Thailand
12 Jan 13
if I lend someone money, specially friends or relatives without interest, I have to take that money as give aways or freebies, so that if they did not pay there could be no regret. If they pay, then good for me... if they don't then.. hehehe Karma... it will bring forth to me twice or thrice... to make it easier for to accept that the money is a lost. but lending money it is just like... it could be or could not be returned. whatever
@Asylum (48157)
• Manchester, England
13 Jan 13
This seems a good approach and I tend to operate on the same principle. It is only happened to me a couple of times over recent years that someone has borrowed money and not repaid it, but we are all aware that it can happen.
@Mavic123456 (18764)
• Thailand
13 Jan 13
oh yes, if you don't like to be disappointed. it would be better to think that way.
@deazil (4697)
• United States
13 Jan 13
Uh, Mavic, can I uh, maybe, sort of uh, borrow, say $10? I'll pay you back when, uh maybe, if I can, next month. Hi asylum, I haven't got any money anymore to lend. So nobody asks.
• United States
11 Jan 13
A friend borrowed $700 from me two years ago. I got back $300 and nothing in a year. I am not looking to ever get this back. tim borrow $300 and that was two years ago and he is not going to pay me back. If I were to borrow something it would be paid back the day I get my next check.
• Indonesia
11 Jan 13
My father used to tell me "If you lend people money, don't expect it back. If you borrow money from people, pay them back as soon as you can."
@wwjwcom (237)
• Hubei, China
14 Jan 13
My advice is to avoid lending money to others! I lent some money to a friend three years ago and she promised that she would give back the money in a year.Now I really don't want to ask her for the money since she is my good friend. So you can see that people who lend out the money will find it hard to get back it if they don't return the money themselves.
• India
18 Jan 13
But how can we keep saying no while our friend asks for it ,its very difficult to say no at least for me
@Kane121 (43)
13 Jan 13
I think the best answer is not lending money at all. It is true that we must help our trustful friends in their difficulties. But never help anyone if you have to always bother about it.
@wwjwcom (237)
• Hubei, China
14 Jan 13
Yeah,I agree with what you have said.It will be impossible for a person to borrow money if he doesn't return the money at first.
@kalav56 (11497)
• India
11 Jan 13
First of all, one must not borrow money and thta too from neighbours. Borrowal ruins a relationship.
@Asylum (48157)
• Manchester, England
13 Jan 13
I can fully understand this view, but there are circumstances that would make that difficult. If a good friend or neighbour lost their wallet or purse, would it be better for them to go without food for a week or to ask if it was possible to borrow something to buy a few groceries? I would prefer that they asked me rather than have that problem.
• India
11 Jan 13
$5 is a small amount so she should not have taken so long to return it. I think she had that amount earlier but she just want to extend the days by making excuses and when she is out of excuses then she finally given it. In this way she is creating a problem for herself only as no one will give her money next time. If she had borrowed a large amount then it was understandable to take that much time.
• United States
11 Jan 13
I know for a fact she had it on several occasions but spent it before she could "find me". That's the part that got to me. I am so not hard to find but that's what happens when you deal with unreliable people who don't think. I have a child and could've needed that money but again her credit is no longer valid here...
@jricky1 (6805)
• China
11 Jan 13
I borrow money from my friends and thus i also give help when they need me.I don't push friends to give it back cuz i know how they feel and what kind of person they are.I'm not sure whether this is a time period for this but i indeed cherish good friends.
• United States
11 Jan 13
minus the leaches in my neighborhood, I have a best friend that I know owes me LOTS of money however, I understand her situation and don't make it an issue. I already know that she would do anything for me and our relationship isn't about money. I just wish other people realized that there is a certain protocol to borrowing and lending..
@MaylaJay (350)
10 Jan 13
I believe that as soon as they have the money to give back, they should. If they never give the money back, then the lender should be wise enough to not give money the second time. Especially if the lender can see that the borrower is making poor choices that are eating their money.
• United States
10 Jan 13
Which is exactly why I never stressed her about it. I wanted to see just how far she was going to take it..she kept giving me this story and I never made it an issue..
1 person likes this
@akhil112 (58)
• India
13 Jan 13
She paid you back right,maybe she didnt had the money and the sum was not that big its 5 dollars rit.Anyway you got your money back. The period you should wait can depend upon the money you lend,if the sum is huge just slip that money matter in between your casual conversation (only before the other person starts to leave you otherwise it would be awkward)and if the sum is small you dont have to worry rit,also u should consider the person to whom u lend (should be trustworthy ).
@Asylum (48157)
• Manchester, England
13 Jan 13
There will always be people who will borrow money from time to time, which is fine as long as they remember to pay it back at the time claimed or at least call to explain that it is not possible yet. I have a neighbour who often has a problem budgeting for bills etcetera so borrows money fairly often. I have no problem with this because he is a good friend and always makes the effort to epay on time, even posting it through the letterbox if I am out. If there is a problem then he either knocks on my door or telephones me to explain the situation, so I am quite happy with that. There was a neighbour who's garden overlooked mine and we were quite friendly, who knocked on my door claiming he had been mugged and had no money for food until the following week, so I lent him £30. I have never seen him since and believe that he has probably moved home.
• Philippines
13 Jan 13
They should as soon as they have the money. Sometimes when a friend owes you a few box you are very shy to ask them to pay. A few box won't hurt your pocket. But how can you trust someone if you can't trust them with just a few box? trying to get a point..:-)
• China
13 Jan 13
I had also meet this condition.Someone of my friends borrowed me 5 yuan when he meet a emergency condition and didn't take enough money,I loaned him. But he forgot this thing in a few days later.I embrassed to remind him because that It really isnt worth mentioning for 5 yuan.Actually,I can borrow him 5 yuan too. But it is not a good solution.
@ksktika (271)
• United States
12 Jan 13
From my experience and point of views, if you feel sorry to somebody and you can afford it, just give the money or you never lend the money at all.
@SIMPLYD (88313)
• Philippines
12 Jan 13
I only loan money to people i know who have the capacity to return what is borrowed. But when he/she missed the time she/he told me to pay back, i give consideration and time. But when i think he/she has no intention, i confront her/him and tell her outright that he/she can never borrow again, no matter what.
• United States
11 Jan 13
I think when someone agrees to lend any amount of money to another, they should set guidelines and expectations for payback. This would eliminate the waiting period for payment, excuses, lies, etc. I have learned some valuable lessons-- foremost being not to lend money to someone. I had a friend that I helped many times, it took almost a year for repayment, once that was done, I have learned to say no when it comes to anything more than $20..