Would you?

[Katewinters]

Would you ever lend a friend money?

I'm not talking a sp but a very dear friend.

I was having a little chat over brunch today about this!

I think I would if it was awful circumstance and they were in a pinch.

 

[TiffanySt.J]

if it was a very close friend i have known for years, or like considered family of course I would. Even if they never paid me back i would learn a lesson in the end, but i have lended out money in the past and always got it back.

 

[toughb]

Would you ever lend a friend money?

I'm not talking a sp but a very dear friend.

I was having a little chat over brunch today about this!

I think I would if it was awful circumstance and they were in a pinch.

I've been told that I'm a generous guy but lend money; not a chance. Fast way to become enemies.

 

[gcostanza]

Would you ever lend a friend money?

I'm not talking a sp but a very dear friend.

I was having a little chat over brunch today about this!

I think I would if it was awful circumstance and they were in a pinch.

Will lending them the money affect the way you live?

If they never repaid you, would it affect your relationship with the person?

 

[Katewinters]

Will lending them the money affect the way you live?

If they never repaid you, would it affect your relationship with the person?

Oh no, just to state, no one had asked to borrow money from me!

Just a little conversation with a friend I had today over brunch and i found it interesting enough to pose as a question,
So I thought it would be interesting to see everyone else renounce!

 

[poker123]

I have three different friends that all owe me 4 figures from money I've lent them. All of them have owed me that $ for at least 4 months. I've resolved to not lend anyone else money unless it was an absolutely urgent situation. Even good friends will find a way to take advantage of you (intentionally or not) if they decide they need the money enough.

 

[hairyfucker]

I am fortunate to be fully employed with a sizable income and net worth and I have made many loans in the past but two come to mind.

I lent a large sum to a friend and wrote up an agreement. He followed the agreement for almost a year and then started to slow down repayment. I did not want to ruin our friendship by pushing and decided that if he valued our friendship he would eventually make it right. Ultimately he kept the slow down and then smaller and smaller repayments then finally stopping. All in all he paid back about 75%. I was not happy but accepted the result. Our friendship survived.

I also lent money to my sister. She paid me back in full but I still dislike her.

Moral to the story: if all is not perfect someone has to give in.

Currently, I push back any lending request as much as possible and if they press I discuss with them what the money is really for and then usually offer a amount that I believe will accomplish their needs. Normally this is smaller than the amount being requested. I view it as a gift and look forward to repayment but do not plan on it.

I would put loaning to friends and family in the same category as gambling if you are expecting repayment.

 

[GPIDEAL]

It depends on a) how much b) risk of default c) type of friendship.

The bigger the amount, the more business-like the granting of the loan should be.

 

[Narg]

Depends on the amount. If a friend is short at the end of the evening on the food/drinks bill, I just cover the missing amount without comment. If the same "friend" starts to do this more and more often, I will eventually refuse.

On the other hand, if a friend needs a sizeable loan (more than a couple grand or more) I ask for collateral. I am prefectly capable of registering a mortgage on your home, a lien on your property or a GSA on your business.

 

[TeasePlease]

I am fortunate to be fully employed with a sizable income and net worth and I have made many loans in the past but two come to mind.

I lent a large sum to a friend and wrote up an agreement. He followed the agreement for almost a year and then started to slow down repayment. I did not want to ruin our friendship by pushing and decided that if he valued our friendship he would eventually make it right. Ultimately he kept the slow down and then smaller and smaller repayments then finally stopping. All in all he paid back about 75%. I was not happy but accepted the result. Our friendship survived.

I will lend if a friend is in need, but I treat the money as a gift and don't actually expect repayment. But, it burns me when people take advantage of that. I'd be ok if a friend came back to me and said that he/she couldn't repay me. I'd say don't worry about it. But, if they just duck and hide, I get pissed It's just a matter of respect.

I suppose I consider lending money to be a privilege of friendship, and repayment is simply in the form of being a friend......

 

[thumper18474]

Done it many times...to my true friends...no questions asked
Conversations always went like.....
Hey ...I'm in a jam...I need "$$$$"..
Me: no problem when ..?
End of discussion.....have I got it back ...sometimes yes...sometimes no......never is discussed.

I choose my friends ..the same way I choose the lady(s)... I see....VERY CAREFULLY

 

[Frosty]

I will never ever lend large sums to a friend. One or 2 bucks here and there, but 3 or 4 or up figures. You'll never see that money back again.

 

[Katewinters]

You see for me, if your my friend. You need help. No questions asked, if I got burned I get burned but I did the right thing. I can always earn money.

 

[Born2Star]

I don't lend money. I only give money. And I only give to the limit that I can afford.

 

[johnbeverley]

A while ago, I met someone. She was in difficulty. Lent her some money for air ticket because she has to go home to visit her sick parents. When she was with her parents, she had more difficulty. Lent her more money. Never got the money back. Actually, she has disappeared. She can run but she cannot hide. The only person she cannot hide from is herself. The whole thing was a big scam.

 

[freestuff]

When I agree to lend money to a close friend/family member then I just treat it as a gift.

 

[rex_baner]

Matters how much. I never give anyone a large amount of cash because they tend to forget or never seem to have it to give back ever. Then they get hostile when you ask for it back or question on when you can expect it and finally they just avoid you because they dont want to pay you back. 500 was my max and never seen it back to this day. Lesson learned.

 

[poker123]

There's a difference between lending money and giving money. If you need money lent to you, yeah I expect to get paid back. It's pretty scummy to not pay someone back money they lent to you. If you can't pay it back, don't ask to get money 'lent' to you. Be honest. Say you need some money for x reason. Don't ask to 'borrow' if you have no intentions of paying back.

 

[wangbang]

I'd never lend anyone money but I would buy them lunch or dinner if in need. Have few friends likely to need a hand but when one did get down on his luck I had him do my kitchen and dining room floors (his line of work). His time was well paid for with no further obligations.

 

[red]

Would you ever lend a friend money?

I'm not talking a sp but a very dear friend.

I was having a little chat over brunch today about this!

I think I would if it was awful circumstance and they were in a pinch.

no. once you do they wont be friends anymore. if they need it and you can spare it give it to them.