Money Lent! Think hard before Lending, with Cost of Living Increasing in mind!!
By SangsTurks
@SangsTurks (1444)
India
June 27, 2008 7:49am CST
Has something like this ever happened to you? That you had lent money to your friends and its been ages since they have returned it back to you. And its not a small amount that you can just let them keep it. I had lent quiet a good amount of money to my friend since she was in need of it but it has been more than a year that she has returned the money back to me yet. While taking the cash she had promised me to return it back in a months time, what i didnt know was her 1 month is equal to a year!! With the cost of living rising it is difficult for me to wait anymore longer for her to return the money. And when i reminded her about the cash she got upset with me!! How much longer did she think i could with for, eternity?? It was not that i was forcing her to give the money right then and there, i just reminded her about it and she made a hill of a mole. It kind of really upset me cause i thought her to be a good friend, and that is why i helped her when she was in need. I thank God that i seen her true colors. She should understand that i have a family now, and that i have to look after more people than myself.
Is it rude to ask for your money back,that you lent? I guess Life teaches you everything.
2 people like this
6 responses
@jaredlp (418)
• United States
27 Jun 08
some general rules
never lend money you need. when u loan money to someone remember you will never see it again. no matter how much they beg andplead and promise to repay they neverwill.
remember you are not insured by the fdic the wells fargo is.
if wells fargo wont loan them the money why should you. they are the pros at this. if they say its to risky, shouldnt you take that into consideration.
they aready showed you they are not able to save up the money in the first place. you had the money cause u saved and prepared. they didnt. why are u rewarding them wiht ur hard on money.
remember always to get a written promisary note stateing payment schedule and interest due... again if wells fargo does it there is a reason for it.
follow these easy rules and u can easily be the savior of many friends and family members in the future. just be prepare to wait in line at the court house if u dont follow step one.
thanks
1 person likes this
@spalladino (17891)
• United States
27 Jun 08
They say that you should never lend money to friends or family that you expect to have returned to you. The issue of owed money has broken up many friendships for the very reason you posted about, the lender gets tired of waiting, asks the borrower about the money and the borrower gets upset. This *friend* is letting the money come between the two of you and has been for the past year, you're only now seeing it because you mentioned it. No, you were not wrong to remind her of the loan, she was wrong to react as she did but your best bet is to forget about ever seeing a penny of that money. I know it's not what you want to hear but I really don't think she'll ever pay you back and this will always be something between the two of you.
@SangsTurks (1444)
• India
27 Jun 08
I guess you are right, i would have to forget about the money and also what happened due to that money. If converted the amount comes upto $1400 which is quiet a large sum of money. Now i really dont know how to face her, i cant be rash with her too. I am really confused as i dont know what to do now,it was my hard earned money and i had give it to her in good faith which i see now is broken. Thank you for writing in to me, i relly appretiate it. Nobody at my home seems to understand why i gave her such a big amount of cash, thank you for understanding and making me understand too!
@ebsharer (5515)
• United States
27 Jun 08
Never lend money if you need it back. When and if you lend money do it because you can do with out it. If you are in a position where you can't afford not to get it back then you shouldn't lend it out.
I have seen many people lend money then not get it back while the person who did the borrowing is out and about buying this and that.
I had a personal experance with it but not with actual money. A couple we knew were evicted from there place and we offered for them to stay with us for a month or so until they got the money to move. Instead of saving they were buying this and that. We weren't giving them money or any thing but our water and electric bills went up because of them being there. We told them it was time to leave when he bought her a diamond necklace.
@nopain (32)
• China
27 Jun 08
i understand what you feeling in this time so much.becuse i have a bad experience as you had ,it is not something which relate with money.last year,my best friend borrowed my digital camera which is new model,expensive,and very valuable for me (it was bought for my birthday's gift by my father).because he wanted to take some beautiful photos in his sister's wedding scene.well,i hesitated to lent the camera to him at first,but,it was very hard to refuse when he asked you eagerly.so i lented the carema for him,but then i realized that how big a mistake i had made and it still trould me a lot!
With an anxious waiting for whole afternoon.the time he came back and i asked him how about camera.well,you guest what he answered for me,the camera was lost!Oh,My. i can not believe it,only an afternoon time for lenting the camera to him. and then he said that he felt sorry for the losing,but he have not had money for replacing it.
Since this thing happened.i really knew that something must have been changed.the friendship is not as good as before and he has always avoid to face me whenever possible.i am really regret what i have done.
@dragon54u (31634)
• United States
27 Jun 08
I lost my best friend of years when I lent her money and she reacted the same as yours did. When I was homeless and broke, she was living in a two bedroom apartment by herself and yet didn't have room for me for a few nights! She wrote to me about ten years ago and asked to be friends again and I never replied to her. Friends like that, I don't need! But we were best of friends for about ten years and it really hurt when she treated me like that.
I've never lent money to a friend again, although I'll gladly give them food and shelter. 
@amenpukhraj (25)
•
28 Jun 08
Well, It happened to my dad, my uncle who wanted big amount to start his bussiness and my dad had lent money to my uncle.My dad never told him to give the money back but one day my dad had been bankruppt and my dad told my uncle to give some money so that we can easily spend our life but he refused to give money back.I remember that day,In my school life i wanted a new school uniform and i told my dad and my dad told me that i couldn't able to purchase your uniform and he was crying, By the grace for GOD now we have each and everything and we can buy everyhting.But that was really a bad experience of my dad life and Now we are being hasitate to beileve to those persons who have a blood relation with us.
