Should You Lend Money To A Friend Or Not????

@bea_29 (320)
Philippines
July 7, 2008 8:04am CST
if you say no am sure they will be pissed off but if you say yes you are taking a big risk.. either action will lead the relationship into trouble. saying no is tough but what if you really don't have something to lend but they dont believe you... which action will you take?
2 people like this
8 responses
@spalladino (17891)
• United States
7 Jul 08
If you value the friendship and the reason your friend is asking for it...and you can afford it...just give your friend the money. Unpaid loans have ruined so many friendships because a couple of things always happen. The person who owes the money doesn't have it for one reason or another so he avoids you or he gets an attitude if you even hint at asking when you're going to be repaid. For those reasons, I never loan money. If a friend or family member needs help my husband and I will just give them the cash they need if we can afford to.
1 person likes this
• United States
7 Jul 08
I use to loan money money out and also give things to people and except them to pay for it and of course I have been burn many times. I have learn my lesson now! I am just way too nice to people! So I don't do that anymore. But like you said I'll give someone something if I have it and don't need it or don't except anything in return. Too bad there's people out there like that though.
@carolbee (16230)
• United States
7 Jul 08
I did loan money to a friend and it pretty much ruined the friendship. She avoids paying me back on a regular basis and sometimes avoids my emails. I've been friends with her for ovedr 20 years so I thought it was a safe thing to do when she was in need. I was wrong, really wrong. I've been told lies about how and when I will be repaid. Every now and then she will send me a small check but at that rate it will take 10 years to pay it off. I will never do it again, never. I am so sorry that my decision to be a good friend backfired right in my face. Talk about a disappointment! Family is a different matter. If one of our kids was in need, I would definitely help.
1 person likes this
@bea_29 (320)
• Philippines
7 Jul 08
your right.. family matters most. what have you experienced with your friend happens to my sister also. we almost bump to her yesterday and yet she doesn't mind us as if she dont know my sister already.. we are hoping that she will talk to us and ask for an apology and hope to pay it when she have money but we are completely mistaken..
1 person likes this
@Margajoe (4747)
• Germany
7 Jul 08
Hi! Been there done that, and never will again. A year ago i lend 2000,00 euro from my credit card to give to a family across the street. I told them, every month I will need at least 100 back or else I will get into trouble. Guess what? I am in trouble!!! Never again, either I have enough to give and don't expect it back or I will buy them food. I will never again put myself in that position, this position. Take care, Margajoe
@Margajoe (4747)
• Germany
9 Jul 08
Hi! I don't think they were ever planning to pay me back. Two months later, he came to me asking for another 4000!!! The double amount. I did not do that of course. I am in enough trouble as is. And it is not even me that did the borrowing. Take care, Margajoe
@bea_29 (320)
• Philippines
8 Jul 08
wow!! thats a big amount if your going to convert that in pesos.. hope they will repay you in the future..
1 person likes this
@ladym33 (10978)
• United States
8 Jul 08
If it is just like $20.00 or something it is no big deal I will lend it. However, if it is a significant amout of money I would consider the person I am lending it to. I have also been in the position where I did not have the money to lend, and I just said so. If someone is in desperate need and I know they will never be able to pay me back, I might just give them some money. That way there is no hard feelings when they don't give it back. Many people who are desperate enough to ask someone else for money are not often ever able to pay it back, with these kinds of people you just have to be willing to give it. I also will not lend to people more than once, if they have to keep asking to borrow, they are not being responsible with their money and I refuse to keep giving good money to a losing cause.
• Philippines
7 Jul 08
I had this friend for years,i lend her 10,000 pesos without thinking if she will return it or not.I've never thought she would stay away from me after she got the money.She never told me tha she will leave the country,all i know is she will return it back after a few weeks.I had this friend to,she used to own a canteen somewhere in cubao.She borrowed me 4,000.She said she will be paying her electric bills and will be paying me back after she gets her money form a friend too.But as always i am not the type of person that asks someone who lend me to payback,whenever they promised the day will pay me i'll just wait.Now a friend is asking me for money.I could'nt say no but i've been pissed off many times.i refused to and she got angry,i think i dont have a problem with that.I'm working hard to earn my money and 2 friends whom i trusted that failed me is enough.I have nothing to with it anymore.
• United States
7 Jul 08
no it always makes things akward no matter if they pay you back or not
• India
7 Jul 08
well i agree with lizzie. it depends purely on situation. if you know that he/she can pay me back then there's no harm in helping some needy. and if you know that he/she will not pay me back then there's no need of taking risk. and you can say that my all money is already used and even food is not there in house. may be he/she lends you money back....lol. it happened in our country
• United States
7 Jul 08
I never borrow from a friend, I never lend to them. It keep things uncomplicated.