Have you ever made a huge loan to a friend or partner who wouldn't pay it back?

I suppose if you have something in writing, you can take it to court and see if you can get a judgment against the person. Documentation is everything in that case. In the meantime, I think it is like lending books, etc. I am not too surprised if things are not returned or paid back. In the long run I made a decision to lend and if it is noncollectable I believe I need to forget it and move on. It is always pleasantly surprising when someone proves me wrong and returns what they said they would.

Actually yes i have. I borrowed a friend of mine a thousand bucks one time because he needed bail and a lawyer. He ended up getting the lawyer and out of jail on my buck and then went through court and all that and once bills started piling up he never paid me back. Of course i moved away and we hardly talk anymore but every once in a while i hang it over his head and he knows it too. It's just too bad that he only paid me like $400 bucks back but only like $50 at a time here and there and it's like he just gave up even though i kept buggin him. Oh well lesson learned i don't borrow money out anymore unless i know they've got it somewhere else.

Hi, I have been down that road before. I lent some money to a relative of my roommate/housemate and trying to get him to pay it is like pulling teeth. It has been many years and I now accept is as a loss and I will never lend him money again. He is so stupid though, I lent him the money because he has a sick daughter but since he as done this to me if he is ever in need again I will not help. He burnt that bridge.

I had a similar experience, but I guess the amount I lent my friend was not that big, about $100. She kept on saying she'll pay it. Well, it's been 5 years and she hasn't paid me back even if I asked her politely many times in the past, now she isn't even communicating with me. I just let it pass but always put in my head that it will never happen again. I agree with the first poster, if there was a written agreement regarding the loan which states the terms of payment, then you could get legal expertise to solve this. If you don't reach a settlement, then this would have to go to court and sue him or her. You could do that only if you have exhausted all means of getting your money back from the person, more like a last resort.

For me friendship is more important than money.I'm in college and have many true friends.I provide them help finacially,emotionally and by any other way I can. As far as money is concerned I provide my friend with money with no agreements of giving back,this is true friendship as I think. Money is just like hands dust yesterday is was with someone else,today money is ours,tommorow it will be gone.But friends will stay foreever.

Oh! I recently spared Rs.5000 to one of my uncles and unfortuantely he met with an accident a couple of days after the transaction. Now I need the money but it would be too mean of me to ask him about it at this point of time. And those huge chuks of salary that i had lent to my husband has never come back, thought it was given on a condition that he will be giving them all back :|

In the past I have made a huge loan to my partner (he is now an ex) and he pretty much took advantage of me. He never paid me back and kept asking me to help him out and if I didn't he would have to move away. He played to my feelings for him which was horrible. I cut my loses and ended things with him and now am working on getting my credit back on track.

I let her borrow P1000 pesos (that's approximately 20 dollars in US) that's huge enough for a student like me and she never returned it to me. I still see her and she's my classmate but I won't let her loan some money from me again because she can't be trusted with money.

I have lent a friend some money - but am not expecting it back in the near future. I might hold it against her if she decided not to pay me at all - I think that would prove a lack of character in our friendship. I believe that lending money to friends/families/partners is a delicate matter. I would rather avoid it as much as I could because money-related issues often affect relationships negatively. Thanks for the response on my discussion!

Hello my friend PeacefulWmn9 Ji, As per my and my hubby's policy, we never encourage taking and as well as giving loans. It does not matter, in today's world, we have never taken and given. We go with banks. Among friends/partners creates un-pleasent and un-avoidable situations, when default arises. We taste bitter. One should try and limit with in resources. Plan in such a way But for taht one has to look down and not UP (comparing others and trying to be at par with them, beyond one's resources.) May God bless You and have a great time.

No I really prefer not to be evolved in that because I don't want my friendship to be affected.. .I prefer to avoid that..

i have been boring all the time for loaned money,the amout of money is neither more nor less than,my friend haven't been paied off it for 5 years,anyway,we broken up totally,i called her this morning and want to tell her that we are still friend,but she didn't talk back,i dont know why it would be happend,i bethink when i loaned to her,i really with generous nature love to help her,why??what kind of magic for money??

yes i have and it is very disappointing that i have to be always asking that she pay me when in fact i gave her the cash with her one request only. but i always was on the lookout (a training, lol!). had her sign an IOU. i had to ask too many times and when i felt that she had no plans of paying back, i went to the local authorities. here, before going to the courts, there is the local mediator (we call it the barangay captain). if it is not settled there, then the case could be forwarded to the courts.

Yes,I have. It was when I was going to college and a so-called friend of mine needed $255 dollars to fix his car he had at the time. Well, I loan him the money,which came from my student grant I was getting for school. Just like they always say "I'll pay you back when I get paid". He didn't have a job but he was getting money from his scholarship which he didn't share with me. My suggestion to you is always treat a loan to someone just as a bank does. Get it in writing and make them sign the paper. Now if you are in a situation now that someone will not pay you back a loan that they agreed to pay back, you can take them to small claims court and try to settle it that way. I may cost you more money,but you will definitely get answer on the loan.

I have lots of experience about that, I let my friend borrowed my money but some of the time they didn't show off after that. But I didn't do anything. It's just money. I can have another amount and it's up to their conscience if they'll pay me or not.

I have a experience like that also they are my friends until now they don't pay me. I'm still waiting for their payment