Do you think it is good idea to borrow money from friends?

India
February 8, 2007 11:00pm CST
Do you think it is good idea to borrow money from friends?why or why not?
2 people like this
17 responses
@jerinm (220)
• India
9 Feb 07
Its not a good idea to borrow money frm friends unless u r able to return it asap. Else it will put a strain in the relationship
1 person likes this
@chertsy (3805)
• United States
9 Feb 07
The worst thing you can do is loan anything to friends. First thing that goes wrong, and you will might as well kiss that money good bye. But that's just my opinion. Other people have different views of doing things.
@lecanis (16664)
• Murfreesboro, Tennessee
9 Feb 07
I guess that depends on the level of friendship we're talking about. When I say "friends" I'm generally refering to the people that I am closest to, not just people I hang out with. I would trust my friends with my life, and more than that, with my child's life.
• United States
9 Feb 07
No, I don't think it's a good idea. It will inevitably create a rift in the friendship. If the one friend doesn't pay the other back in a timely manner it could cause a lot of tension and anger. The general rule of thumb is to never do business with your friends or relatives. Too many things can happen that will just ruin your relationships.
• India
9 Feb 07
atn q 4 ur rspn
@anup12 (4181)
• India
28 Feb 07
If anf only if you wnat him to trun into enemy do that.I think money lending is the thing which we should always avoid in friendship.I think instead we can gift something,that is better.
@jal1948 (1360)
• India
28 Feb 07
it is never a good idea to borrow money from anybody including your friends,live within your means,is the motto,sometimes in an emergency one needs to borrow, then make sure you make a repayment commitment and honour the same,
@priya123s (320)
• India
28 Feb 07
it is good and bad . as if your friend is good he will wait for delay in returning money if he is not tolerant than you may loose friendship.
@kritipen (4085)
• United States
22 Feb 07
I dont think i is a good idea to borrow money from friends.I have know frienships break due to money. There are instances when the friend who borrows money is unable to pay back and the other friend who lent the money develops a negative feeling towards his friend and as a result the friendship will come to an end.
• Canada
12 Feb 07
i think it depends how good of friends you are. if you really trust the person i think it's ok. i just recently borrowed $300 from my best friends and they know me well enigh that i won't run away with it and i'll pay them back. i needed a car and that's why i borrowed it. they didn't even want me to write them out a payment plan but i did anyway so they can feel safe. they still didn't want to keep the piece of paper.
@gigisexy (220)
• Philippines
9 Feb 07
It depends on what kind of frienship do you have..just a family friend,best riends or you can call a true friend through thick and thin????There are a lot of ways and approach dealing w/ money.For me i have a lot of friends you can call but friends who are really true friends you dont have to mention you want to borrow money from her she or he have always the feelings to give her help when needed w/out asking in return..the idea of borrowing money will not exist it is offered..You should know whom to ask...
@hartnsoul (558)
• Philippines
9 Feb 07
I think it is OK if its is done only one time. As much as possible. These kinds of things can cause a lot of trouble to test friendship when someone doesn't pay up. Or if the "friend" is a chronic borrower.
• Philippines
9 Feb 07
For me, it actually depends on the situation i am in. If i really need the money i will consider borrowing from my friend but of course pay it at once. Before borrowing any amount from him/her, i will still ask her if she has extra money for me to borrow and if its really ok for him/her to lend that money. Whats important is that you are capable in paying that person on the said date you promise to avoid future problems. There will always be a time when that person will also ask favor from me.so i guess its better to help.
@jerpogz13 (283)
• Antarctica
9 Feb 07
yes,why not!if shes really need it,shes my friend afterall i want to help her in any problems that i think i can help
@aroraasr (428)
• India
9 Feb 07
Never borrow money from your friends and relatives as money causes frictions between friends and relatives. So if one wants to remain friends forever, never do any monetary transaction.
• India
9 Feb 07
Yes.. one can borrow maney from friends because they know you. But remmember to return in time otherwise for a small amount of money you can loose a valuable friendship.
@lecanis (16664)
• Murfreesboro, Tennessee
9 Feb 07
I think it is something not to be done lightly. Borrowing money from your friends can become a problem within the friendship. The friend can wind up feeling used or become angry if you can't pay them when expected. However, in times of great need I think you should be able to count on your friends. Which could include borrowing money. If you are very clear about why you need the money, when you plan to repay, and that it's not the reason you value the friendship, I think it can work. I have both loaned money to friends and borrowed from them. So far it's been a good thing in all cases, because it was approached with the right attitude. I won't loan money that I know I will need soon, because I don't want to be angry with someone who couldn't pay me back. If I loan money to someone, I expect an effort to be made to pay it back, but if it isn't possible, I accept it. I'd never lend money I can't afford to lose. As for borrowing, I only do it when I have to, and I make sure to give updates to the person loaning me the money. Even if I can't pay it all right away, I make sure to give some when I have it, and explain why I can't pay it. I don't make extravagent purchases if I owe someone money.
@erique (467)
• Indonesia
9 Feb 07
it depend on the situation. if the condition is bad or your financial is really in trouble, i think it's not gonna big problem. Of course, you have to see your friend's financial too, if she / he has the same problem or don't have enough money to borrow you rather you do not to borrow.
@Zo0mZo0m (1357)
• United States
9 Feb 07
If you want to turn your friendship into a war zone then loan your friend the money. Change loan to gift then you'll keep a friendship.