Would you lend money to your friend?

@beamer88 (4259)
Philippines
January 30, 2011 3:56am CST
I've been told time and time again that I shouldn't lend money to a friend, or at least avoid lending money, since this may eventually cause friction between the two of you when it's time to pay up. Either you'll get frustrated when you don't receive payment for quite some time already or your friend gets disappointed with you when you ask for the payment. What would you do?
5 people like this
49 responses
@margeryann (1845)
• United States
1 Feb 11
I don't like to lend money to anyone or borrow money from anyone because it is hard enough to afford to live having to pay for myself and lots of times people don't pay you back . Sometimes they expect to but can't. I don't borrow money for the same thing. I'm afraid that I will have problems paying it back and it can cause friction in a relationship because it can cause someone to have problems in paying for there bills because of helping you out or you helping them out can cause the same thing to you and it can be stressful. What bothers me is when people ask to borrow money from me because they ran out of money but they brag all the time of eating out , going to the movies and different fun things and I can't afford to do those things and I feel that if they didn't do so much of those things they wouldn't need to borrow money.
@beamer88 (4259)
• Philippines
27 Jan 12
That also irks me - friends who borrow from you for they ran out of money not because of some pressing needs but because of their sort of lavish lifestyle. And worse, they sometimes get disappointed or even mad if you can't lend them any money. Life is really full of ironies. I'm sorry for this so, so overdue reply.
@LadyDD (515)
• Romania
1 Feb 11
There is a proverb saying that "a friend in need is a friend indeed". I used to lend money to my friends until they proved to be a bad payer back. I always think that the way I want my friends to treat me is the way I have to treat them. In these days of crisis and hard life, I try to be understanding and helping with my friends if they need money. But I also learned the lesson that it is better to avoid borrowing money from friends so that I wouldn't be put in the situation to lend them money because I cannot refuse them!
@beamer88 (4259)
• Philippines
27 Jan 12
I think that does happen a lot. I mean, when you borrow money or things, it's almost always that you'd be put in a situation wherein you become the lender, and you can't refuse it since you sort of owed the person before. And I guess one way to really avoid this is to refrain from borrowing from your friends. Sorry for this very, very late reply.
@CarlHalling (3617)
• United Kingdom
29 Jan 12
Friends? - I don't know...one of these boys is me...the other one I am not sure who it is...
If it was very important to them, and they needed the money desperately, and I had enough money to help them, I feel I would definitely help them. A real friend helps their friend I feel, whether with time or money or whatever else...a real friend never turns their friend away in their hour of need. This is what I believe. Of course...if I was just as poor as them, then I could not help them.
@beamer88 (4259)
• Philippines
31 Jan 12
I guess it really boils down to friendship. A friction might result probably if I'm not really that good a friend. It's just sometimes I feel that it's also a friend's responsibility to pay you back even without you asking for it. I guess I had friends who asked for money and made up excuses when it was time for them to pay up.
• Italy
1 Feb 11
My friend such kind of problems comes in when you dont have really really good friends. I lend money to my friends and they return it to me n due course of time but one thing i want to mention here that when you have intentions to help your friends then just trust them and while lending money to them dont expect that they will return it to you. If you dont have as much financial capability to handle the situation then i would suggest its better to refuse clearly. I agree that lending money can cause disputes in friends but we need to trust and understand the needs of each other while doing such business.
1 person likes this
@beamer88 (4259)
• Philippines
27 Jan 12
That's true. A true friend would find ways to repay his or her debt eventually. When a friction develops between two friends due to money matters, then the foundation of their friendship isn't really that strong. My apologies for the long overdue reply.
@pokumon (644)
• United States
1 Feb 11
I've lent small amounts of money before like 5 bucks. I'm still waiting to be paid back and suspect that they just forgot. I would be hesitant to lend large amounts of money just because I don't have large sums of cash lying around. I trust most of my friends to pay me back so I would lend without hesitation.
1 person likes this
@gelayagui98 (1336)
• Australia
10 Nov 11
Hi beamer, I agree with you, but sometimes we could not avoid not to give money for a friend especially that you see her in a needy situation, others payback others were not. I just wait for them to have initiative to pay me back, I never did in my life that I am the first one to remind them of their obligations. Sometimes if I see their situation, I even give away.
@beamer88 (4259)
• Philippines
23 Nov 11
You're right. If you're friend is really in need, it's hard not to lend him or her money. It's just awkward for me when put in a situation wherein I have to ask for the payment. It's okay if the amount is small, but when it's a big one, I need to remind my friend about it.
@MsTickle (25180)
• Australia
9 Feb 11
I try to live by the maxim...Neither a borrower nor a lender be... I think if a friend asks for a loan of money and you say yes, you should consider it a gift, not a loan. You should never expect to get back the money you loan to a friend.
@beamer88 (4259)
• Philippines
27 Nov 11
Hi. I know this is a long-overdue response. I really had forgotten that I had not acknowledged a lot of the comments to this post. But I totally agree with you that we should consider a loan to a friend as some sort of a gift. We'll avoid any friction if this is our mindset.
@padu19 (1441)
• India
1 Feb 11
Well, I completely believe that it may bring out friction. Some people are possessive about money. They value it so much that they can stand it to be in some other person's hands. There's nothing strange about it. Also, why would someone not like to save his/her own hard earned money? However, when it comes to me, I would not prefer borrowing. But I would definitely lend to my closest pals, if they require. But, there are some people who lend money and quite after a few days they start pestering the person asking to return the money. I feel, it is better not to lend, if you can not understand the reason why the money was lent from you!!!
@beamer88 (4259)
• Philippines
28 Feb 12
I think you're right about that. We should always bear in mind the reason why our friends asked us for money. My closest friends as much as possible would rather get a loan from a colleague than from one of our friends. It's only when the need for it is very crucial that they approach one of us. I'd do the same thing too. I mean, if I am to borrow, I would only approach a friend if it was an emergency, and I would pay him back the soonest.
@tash01 (2030)
• Jamaica
10 Nov 11
Yes i have always lend my friend money,Some of them i don't lend.Some when they barrow they never pay back,and i have a few that always pay back. So those are the one i always lend,but for the ones that don't give back i don't lend.
@beamer88 (4259)
• Philippines
23 Nov 11
But how would we know if a friend would pay you back when we lend them money? That's a problem of mine, actually. I lend my friends money thinking that they'd pay me back. But some don't and it's when I remind them of their loan that friction between us happens.
• Pamplona, Spain
13 Feb 11
Hiya beamer, Personally I would only lend to someone I knew not really being bothered if they can pay me back or not. I would of course like to be paid back but if they canĀ“t I would let it go. I can only lend money if I have enough at the time that is another thing. So sometimes I cannot give them what I have not got.
@beamer88 (4259)
• Philippines
24 Nov 11
I think that's key here. Not to expect to be paid if we lend money to our friends. This would avoid any friction when it comes to paying part. Sorry for the very long acknowledgment to your response. I honestly didn't noticed that I've forgotten to comment back until just recently.
@bounce58 (17387)
• Canada
8 Nov 11
I wouldn't lend money to a friend too. If he or she really needs it, I would give him or her money, but I wouldn't expect anything back. It would just save me the trouble, and the friendship if I don't ask for it. Now, if he or she is a real friend, then he or she would make sure that it gets paid back. The onus is on the friend.
@beamer88 (4259)
• Philippines
23 Nov 11
I know that when we loan money to a friend, we just have to wait for him or her to pay us back without asking for it. Asking for repayment may cause some friction to your friendship. But if it's a very significant amount, I think the onus will be on me :)
@aeiou78 (3445)
• Malaysia
7 Feb 11
In my past experience, I shall not lend money to any of my friend unless he or she really needs a money to rescue someone's life. If I really have to lend the money in this circumstance, then I shall not expect to collect back my money anymore. Just treat it as a donation for the charity. If a friend of mine approach me to ask for the money, I shall tell him or her straight away for not asking the money if he or she appreciate of our friendship. Lending money to a friend will spoil the good friendship.
@beamer88 (4259)
• Philippines
2 Dec 11
It's hard to tell a friend off when that friend is asking for money, but I when I think about it, it's probably a good way of protecting your friendship. Maybe I'll help him find money instead. By the way, my apologies for this overdue response :)
• Croatia (Hrvatska)
31 Jan 11
hi..what i learnd from loanin money to friends is that it is a small price to pay to meet person as it is ;/
@beamer88 (4259)
• Philippines
31 Jan 11
But what if the amount of money you loaned to your friend is quite substantial? :)
• Philippines
9 Nov 11
Yes if she really needs it then why not. Money is just money. We have to share our blessings to others. It's better to be a giver than to be a receiver. Just thank God that you are not in the same situation like your friend. It's not easy to bring down your pride and ask for money.
@beamer88 (4259)
• Philippines
23 Nov 11
You're right, but sometimes when it's a big amount, I need to ask for repayment. I mean, I also have my own financial obligations.
@jpso138 (7851)
• Philippines
30 Jan 11
I do lend money to my friends. After all, that is what friends are for. Helping each other. Although you seem to have a point out there. Sometimes, when you lend someone some money and they do not pay, then there is that friction. But well, if they do not pay, then perhaps they are not really such a good friend right?
@beamer88 (4259)
• Philippines
31 Jan 11
Well, money can really bring out the true nature of a person.
@_sketch_ (5742)
• United States
30 Jan 11
My best friends and I are always lending eachother money, but mostly just in small amounts. We are really close and so we don't really worry about it much. We trust eachother and know that our friend will pay us back when they can. These friends and a few family members are the only people I could see myself lending a big amount to or accepting a loan from. With other people, I could definitely see a problem developing and that's why I won't do it. If I do borrow money to people, I don't ever expect them to pay me back. That way, if they don't pay me back for any reason, I won't be surprised, angry, or hurt about it.
@beamer88 (4259)
• Philippines
31 Jan 11
I think everything really boils down to trust. And you're very lucky to have best friends like them.
@thanks1961 (7035)
• India
30 Jan 11
Hi dear, Money is the worst thing which spoils the relation if not handled carefully. Especially, lending. Taking and giving or money to friends would lead to unwanted consequences. But by keeping in tact, we can resolve the problem to an extent. I used to give money to few (in higher volumes) and finally got disappointed when they didn't returned (I lost it). Also, I took the help also from others (due to this) and still I am continuing. The best part what I can do is that I will return in time and I never tried to pull or push with the money deals, whatever I took or expected to give any body. But all are in between with known and good friends only. I never prefer to ask others who are not having a better contacts. Also, reluctant to ask anybody for a help, if feel that they won't help. However, I am particular to give back the same within the date or prior to the date what I supposed to give back. Even I have helped a lot of people by extending money help out of which many are still not yet returned or paid back. It is experience. Thank-s
@beamer88 (4259)
• Philippines
31 Jan 11
Yes, indeed. All money matters should really be handled carefully.
• Philippines
30 Jan 11
hi there. we got the same problem. it's okay to lend money to a friend, if that friend of yours is trustworthy to be paying you. like for instance, that friend of yours had already lent money from you in the past, and he payed you in time then he's quite worthy to be lent your money. otherwise when you know the person to be irresponsible, then you shouldn't. i have encountered things like this couple of times already. most of the time, when a friend lends money from you, you should be the one to be approaching them to claim for the payment. it's the oddest thing i knew. sometimes i wonder if they just want you to forget about the money they lent from you or they're just waiting for you to approach them first? LOL. since then, i never want to lend my money to anybody else anymore, even for my friends. the hardest part is that if they do not pay you, and you've got to approach them first. LOL. i hate that. it would surely ruin your friendship and trust.
@beamer88 (4259)
• Philippines
31 Jan 11
Actually, that has also happened to a lot of my friends. They told me that what irritated them was the fact that they were the ones who had to ask for the payment.
• Philippines
30 Jan 11
I am only lending money to my friends whom I know will pay me and honest. I trust people who are paying back early because I can see that they are respecting me as a friend. Honest friends will make my relationship with them better and improved. I am not lending money to some friends whom I know, will just trick me. Most of them will say that they will pay on or before the due date. But when the due date of their debt is near, they will run and hide from me. That is what I really hate.
@beamer88 (4259)
• Philippines
31 Jan 11
Yes, I agree with you on that. And friends who hide from their obligations are no friends at all.
@murtaza45 (173)
• India
30 Jan 11
i am friends to lend the money give me support that to money as to possible for money to in the time.so i have for this time apporturnity give time for moeney some possible for money.
@beamer88 (4259)
• Philippines
31 Jan 11
Thanks, my friend, for your insight.