Borrowing money between friends

I have lent money to friends on a few occasions. They have to be very close to me and very good friends because I never see that money again. If a friend really needs it and I am able to do it for them I see no problem with it. But honestly you know you're never going to see that money again. And if you do, well that's a great added bonus!

I would never suggest borrowing money from a friend. My sister has lost many friends by her being to kind to lend money and not get it back. The friendships are finished. Though she lent me money once I gave her post dated checks for a year when I did it and always had the money to give back. But she is my best friend and family so I don't think that counts. I would never lend a friend any money. I have three children and limited money, so I know if someone was to ask me for money they would be taking away from my children. A friend would not ask me to do that.

hi there bamakelly.. well, i have a friend who is very fortunate because he has a husband working abroad, i borrowed money to here, just a little amount like 500 pesos, that is equivalent to $10.. i never pay her because i don't have good work and she understand that..actually, she's the one who said that it's ok not paying her what i borrowed.. i'm not taking advantage on her, honestly, i'm ashame of what i've done..but we are still bestfriends and we see each other sometimes and we text everyday.. i love my friend and i know she loves me too..

I think its a really bad idea.I lent my friend a large sum of money over a year ago.she said she would have it back to me in 2 months with interest. Still to this day i have to beg for it back and she always says i'll deposit a check in your account on Friday.last week she said I put it in but when i checked my account on line it was not there.then she still had the nerve to tell me she did put it in.we used to be such good friends and i really trusted her.she knows i need that money back for i am about to lose my home.the sad thing about it is I borrowed against my retirement money and have had many late fees cause of this so I had to close out my account to stop from getting all the late fees plus an early termination charge too.she has her own business plus a working husband with a high paying job and a gorgeous new home with a house full of new everything. New cars lots of good food. i've been biting my tongue not to get mad at her but its getting harder and harder to do. I am also a widow on a fixed income and she just took advantage of my good nature. She dosen't even call me anymore.I always have to call her in hopes to get my money back.pretty sad huh.

I do believe that helping each other is a major ingredient of friendship and helping also includes lending when necessary. It is always good to be able to help a friend when he/she is in need. My friends are like that, they lent me some money even if there is a huge possibility that I may not be able to pay them back. Some even told me to forget that I owe them some amount. These friends proved that money matters can be used to prove their care and to further strengthen our relationship. I think failure to return what was borrowed can break up a friendship only if there's deception in the part of the borrower, lack of understanding in the part of the lender or simply miscommunication. When the borrower fails to pay back in the agreed time but never bothered to talk to the lender, that's disrespect and not good for friendship. Also, when the one who borrowed never returned what he/she owes even if he/she has the means to do so, that's taking for granted the friend that lent money and will not helping any friendship at all. What should have been done here is to have a clear understanding as to the terms of the lending and a good communication whenever those understanding is breached.

Now ur absolutely being paranoid of course it doesnt unless it's close to her heart something very important to her. But otherwise no i dont think so :)) try to trust ur friendship if ur still having doubts talk to him or her. --austin--

I feel that it can unless a friend is willing to just overlook it without caring. I don't like borrowing money or letting people borrow money anymore because I have let family and friends borrow and to me they acted like it was no worry and that they didn't have to pay it back. So I don't borrow or ask to borrow.

borrowing means it is to be returned plain and simply, when you want to give something you say I am giving this to you, but if you say I am lending it to you, it means you want it back, friend or no friend, and a friend that takes advantage of the kindness by not returning the said item is no friend at all and yes it can and has many times broken up friendships.

When I lend money, I always accept the fact that I may not see it again. I just prepare myself from the begining. I think if its an issue to you about getting it back , and you would loose the friendship over it, maybe its just better not to do it at all?

I think borrowing can break up a good friendship especially if the friend is not honest from the get go. I had a friend who said she got behind on her car note and needed to borrow a car payment. I didn't have it to give but I don't think I would of if I did as she implied she was going to get reposessed, turns out it takes abt 3mo's of no payments to get the wheels rolling on repo'n. And it took me a month or two to get repaid for things she wanted I bought on my discount so if it takes 2 mo's to get money for a few clothing items how long do you think it would take for several hundred?!?!?! Now I'd say if it was like under 20 that's not too horrid but if you stiff me on that I'm not lending anything further.

It's never a good idea. Friends should always pay it back, but some work on the idea that if you're their friend you shouldn't need it back. It can cause hard feelings, and eventually break it up. But that's only if both parties don't agree on if it's a gift or loan.

I've never thought lending money to friends was a good idea. It's always an uncomfortable situation if you lend it to them, and it comes to a point when you really need that money you lent them, and you're just not sure if you should ask if they have the money to pay you back for it. I don't mind paying for things, like dinner, or a movie when you're out with a friend. but lending them money like maybe $100, i don't see as a good idea.