Will you lend money to your friends?

March 24, 2007 8:58am CST
After I had bad experience lending money to friends and never get back the money.I tell myself not to lend anyone anymore.Is it alright to have this type of mentality hehe.N I always had hard time chasing back my money.Really sick and tired of it
1 person likes this
9 responses
@crazy_me (588)
• Philippines
20 Apr 07
I also have some bad experiences about lending money to friends. Some friends tend to forget that they owe you cash. So now I do not lend money easily. If I have extra cash and there is an emergency, I would lend him/her money. But if I believe he/she would just use the money on some trivial things, then I would have to say "NO".
@a_ce_e (1422)
• Philippines
14 Apr 07
will i lend money to my friends? well, if i can afford how much my friend will be needing, and i make sure that it is my extra. Once i lend them i treat that not as a loan but money to give and forget. If they pay it back, well that's good, if not..it's alright. If i can afford to share then why not.
@melanie652 (2524)
• United States
10 Apr 07
I've been burned by friends that I loaned money to and never got it back. That happened 25-30 years ago and I haven't loaned money to a friend since. It's been my experience it's easier for a friend to walk away from the friendship than to pay the money back. Sadly I've watched our kids learn this same lesson. They're in their late teens and early 20's now. They got burned and won't loan money to their friends anymore either.
@lols189 (4742)
26 Mar 07
i have had problems like this before with a couple of friends. i never recieved the money back from these friends i lent it too so i just take it as i lost it. i am still friends with these people now but i dont lend anything to them anymore
@Anakata2007 (1786)
• Canada
26 Mar 07
It's best not to mix friendship and money. I never lend money to friends. If a friend was in need, I would prefer to GIVE them a bit of money.
@aso322 (75)
• United States
26 Mar 07
No, probably not. I've had way too many bad experiences. It's not worth fighting over.
• Singapore
24 Mar 07
I think firstly, I need to know the reason for the loan. I mean, it doesn't really make sense if Bill Gates come ask me money for lunch. If I am really able, and his need is really greater than mine, depending on our friendship, I may lend it to him. But when you lend money to someone, you should always accept that it will be gone for good. Half the time, the money will indeed be gone for good. So if you are not prepared to simply lose the entire amount, refuse the loan. The money is yours and only you yourself can decide to part with it. It's your hard-earned money after all.
@efreddy (250)
• Belgium
25 Mar 07
In our regio they say when you lend money to a friend,you loose your money and your friend. It's nice to help a friend when you can help,but lend money isn't the right way.
@allbert (88)
• China
25 Mar 07
Believe most of your frieds are good,people who don't give back your money isn't your friends.real friends won't cheat you.please be in your mind!