to lend or not to lend what do you advise?

I dont think its bad luck to lend money to people, people that lends money dont tend to forget that the money they borowed. it's just that at that point they want to hang on to the money probably because they've not spent it yet on what yhey intend to use it on. Or if they used it on business they like, they'll want the money to come in full i.e both the capital and the anticipated income before they release any borrowed money with them. So all these processes takes time, and along the line they tend to forget that the initial money the stated the business with was borrowed

Don't let him borrow. The same thing has happended to me I let my aunt borrow $150 back in August she has only paid me $15 out of that.

Spiderlizards responce is a great one,I never though of this,bugger...lol.I use to be free in loaning monies,these days I have learnt we sometimes do not do the person whom is seeking the loan any favours.And yes it certainly can backfire on one!Random acts of kindness serves both the giver and the reciever equally.

I never lend money, but I have not problem giving money. I never expect money that I give to someone to be repayed. That way i dont have to worry about something small like that hurt a friendship that I have. I think that it is a pretty good principal to live by. If you want to give someone some money do it, but never lend. And in your situation, if you really do want the money back, and you feel that the person may not pay your back. They do not lend them the money at all.

Do a collateral when you do loans. I had a friend where when I borrow his stuff he would hold on to one of my stuff. When I return the borrowed item to him he returned my item to me.

So many times when things get messed up in my life, it revolves around money. I moved to a new apartment and my daughter and her husband helped me out. Within a few days, my daughter stopped talking to me. I asked my younger daughter what was wrong, and evidently my son-in-law felt I didn't pay enough for the moving truck he rented. He used the truck all weekend for his personal needs. Moving my things was only a minor part in the rental. Totally exasperated, I spoke openly with my daughter. I was angry and confontational. I asked her "Is this what this is about? Is this about money? Tell me how much money you need to make this situation go away? I love you too much to lose you. Ask your husband how much money he wants and I'll write him a check right now." And I meant it. I wasn't trying to cheat anyone. My daughter wouldn't take the money from me, but I got my point across. Money makes trouble. I've loaned my money to people who never paid me back. I've given money because I want to. I try to ignore money as much as I can, and let it flow in and out of my lfe naturally. Listen to what your instincts are telling you. If you're not comfortable doing loaning money, don't do it. You don't have to justify your reasons for not loaning money. You are taking too much of a risk. It seems you're in a bit of a pinch yourself; you need your money. It's okay not to lend money to a friend. People often find a different solution if the people they ask can't help.

I would just explain gently that, through lending money previously and not getting it back, you are now unable to find the resources to lend him what he wants to borrow. After all, if you made enemies from friends, through not lending them money, then you can't call them "friends". A good friend will understand. You have to make a stand before they all break you completely, but do it as gently as you can, in the hope that they are friend enough to understand. Brightest Blessings.

I really don't think I would lend it either if I could not afford to lose it. They may be a good frind but you may never see your money again. I know this from experience. If you are scared to lend, then I suggest you don't. You have to think about yourself first.

We don't ask anyone for money so we don't think anyone should ask us for money. I think if it was someone I really trusted and they needed the money then we would give them a small loan but for people like my step sister we would never loan her any money. If we need money we always use the bank for our loans.

Well, I have bad experiences lending money too. Some were paid but still others remain unpaid. Some were even close friends. Well, it's not bad luck to lend as long as you know that will come back to you. Better make a good written agreement and coming from your good judgment, see if you will be making a good favor for doing so. Good luck to you!

I am a generous person. If I have excess money, and someone who is in need asks for my help, I easily lend. But up to what amount I can lend only. I don't give too much.

Well lending in a nice way as long as the excuse is genuine why not.

First, it depends on the amount. Second, you need to know that persons track record, does he keep his word. If your response is yes, then lend him the money. If you are as concerned as you stated in your question, such as...scared..something is telling you not to loan him the money. Another answer to lending money is, have him sign an agreement, IOU, loan contract, with a date of repayment, all the necessary information or have that person give you something of value equal to the amount you loan him, value for value... If they react negatively, well., explain your past experience with loaning money out and that you are not in a financial position to be liberal witn your money, and as much as you would like to loan him the money, you need reassurance of being repaid. I'm sure that if he is a good friend he will understand! Rememeber friendship works both ways.

You may think that this sounds ridiculous but I'm serious. Never ever loan anything. Always give whenever you can. If you don't have it to give then say that. No hard feelings. But Loaning will do just what you said it has done. People never get out of debt, can't pay you back, won't look you in the face, won't come around. WhAT???? DRAMA!! Remember it is always better to give than to receive! And God Will Bless you!!!! Thanks

If you are broke,say that you don't have money to lend.I sometimes lend/give money to those who need it and sometimes they don't pay me but it's ok as long as I helped someone in need and that makes me feel great.Besides they only ask for a couple of coins (Php).

I say...stick to your principles. I actually have that same kind of thinking and even tho I can afford to lose a certain amount, It does hurt a bit when someone doesn't bother to pay you back. Affording it just makes it easier to forgive and move on. If I could not afford to miss the money and I wasn't 110% sure that the person would pay me back, I would tell the person that I really didn't have it to lend. It doesn't sound as if you are that sure so don't lend it.

Its nice that you care enough about your friends to want to help them out when they are stuck, but sometimes it is a big risk. If they do not pay you back then your friendship is threatened but also if you say no then that can come between you. I think its ok to help out if you know they are really stuck and will definately pay you back but I would only lend small amounts that you can easily afford and not large amounts. But if you think that your friend may not repay you then I would try and just say that you cannot afford that you have other bills to pay.

Loaning money is the best way to turn a friend into an enemy. Don't do it.

I seldom lend money to anyone but have learned that if I do just consider it a gift and if I cannot afford to do that i just say sorry I am broke right now. that way you keep your friends because money can sure upset a friendship real quickly.

Hi.. its better decision to not to give anybody.U gave and feel sad when they dont repay or you may cruse them,instead of that dont give money and be friendly with them. Money will spoil all good relationship.better to be careful in handling with money