What will you do when people doesn't return the money you lended?

@ajithlal (14716)
India
March 24, 2009 4:12am CST
Sometimes we can't ask our friends the money back they have rented believing that they will return very soon. Sometimes we will be very shortage of money and when we ask them the money back, they will say they will return very soon and never does. What will you do if you ever been in this situation? Will you give the money once again after getting back the money after much much later than the person promised to return?
8 people like this
33 responses
@Darkwing (21583)
26 Mar 09
I don't lend money out any more, purely and simply for that very reason. If I have enough money, I will give it to them, as at least I know where I stand. If they give it back, it's a bonus, but one can't always afford to keep lending out money, so I make it a policy not to. Brightest Blessings.
1 person likes this
@Darkwing (21583)
27 Mar 09
Yes, that's a good policy. You know yourself after recent events, that you need to save for a rainy day wherever possible, and you always need to keep an amount for yourself to fall back on. Only give it when you can afford to keep your own amount secure.
1 person likes this
@ajithlal (14716)
• India
30 Mar 12
I also think we should save money for the rainy day like the ants save their food. I think it is a good idea to save money.
@ajithlal (14716)
• India
27 Mar 09
I also think we should not lend money for unnecessary things and should lend only for urgent basis.
1 person likes this
@mtdewgurl74 (18151)
• United States
24 Mar 09
If a person needed the money and it was loaned out it is easier sometimes to get it back in a payment forn then all at once because they amy still be having problems with money. I feel that you should be upfront about it with them because it will just cause problems in the end. I know my hubby had to borrow money at the end of January to pay bills and we still haven't been able to pay back what we owe which is $130 and I hate that we are unable to pay at this time. Bills keep dragging us under a bit where he was out of work since Mid October and we are getting caught up. He will pay it back though I am sure. I doubt the loaner thought it would take so long to get their money back but I have talked and explained to them the situation which is all we can do at this point. They told us to pay back a little at a time because a little was better then none and to pay when we have some extra. I hate borrowing and I am not likely to do it anytime soon again.
1 person likes this
@mtdewgurl74 (18151)
• United States
31 Mar 12
Thanks! We paid back..and now we are on the other end....My husbands brother borrowed over $500 dollars from us almost a year ago and hasn't even tried to pay back a penny..although he keeps saying he will. I'm thinking he just wants us to forget about it...well we could if it was under a $100 but over $500 that is just o much to forget about. Especially when we have doctor bills adding up since my husband found out he has cancer..
1 person likes this
@ajithlal (14716)
• India
30 Mar 12
I also think something is better than nothing.
@ajithlal (14716)
• India
15 Apr 13
I think it is good to try to save money and I hope you get enough money for yourself. I hope he pays you back.
@oyenkai (4394)
• Philippines
25 Mar 09
I would lend my friend the money if he/she is in real need. If it's to buy himself/herself an iPod then no, I won't. But if it's to put food on the table because he/she doesn't have enough, then I would. It's all a matter of who needs the money the most, and if that friend really deserves the help - I wouldn't help a bum who doesn't put in a good deal of effort to earn for himself. Thanks for the response on my discussion!
1 person likes this
@lvyanyan (42)
• China
25 Mar 09
Sometimes we will be shamed to ask fou money back from your borrower.but if you do like that ,the person who you lend money to will do the same the next time.I could forgive him or her once,but I will not lend him or her money again.Because I do not believe him or her.I myself ususlly give money back to my lender in time.there is a saying that we should count the money clearly between even brothers.
1 person likes this
@ajithlal (14716)
• India
10 Sep 12
I also think that we might be ashamed to ask the money back from the borrower.
@HelloMickey (1655)
• Hong Kong
24 Mar 09
I remember that I dined out with my friend long time ago, we have agreed to separate the bills, I were the one paid by visa, so she promised to pay me back later. I were young when it happened, I always felt embarrassed to ask her back the money, and they money was very important to me, it was my pocket money from my parents, I need the money to buy textbooks. She always did that to me, it happened about over 20 times. And I felt bad about it, though I did not lend her money, she refused to pay back her money as promised. After that, I would not lend money over the limit I have set to my friends anymore, it hurts my feeling if they don't pay me back, it just makes me losing a friend. If it is a small amount of money, okay, I suppose the money would never come back. If they want to borrow money over my limit, sorry, I won't lend it to them. With no chance I will lend them much money, and I don't need to bother they will return my money back.
1 person likes this
@ajithlal (14716)
• India
9 Feb 13
I always wonder why people not return back things or money they borrow from others.
• Malaysia
24 Mar 09
lending money to friends is never a good idea. When you do them a favor by lending them money, you will never get it back in time or will say goodbye to your money and your friend. You will create enemy with the borrower when you insist that they pay you back. They will make up lots of excuses and maybe will start to be rude to you. So don't ever lend your money to your friends if you want the friendship to stay longer. I treasure friendships and will not be a welfare department for my friends. I always act poor and they will not dare to borrow money from a poor friend. They know they have nothing to spare.
@ajithlal (14716)
• India
24 Mar 09
I also think sometimes it is not a good idea to lend things to friends because most of them doesn't return it back and it is hard to ask them.
• China
25 Mar 09
yes,it is so hard to ask your money back,for some people ,they always have kinds of reasons if they donot plan to pay yourmoney back.and if he is not the believeable friend, i never lend money to him. if you treasure the friendship ,you will never borrow money from your friend.
1 person likes this
• Hong Kong
25 Mar 09
I don't know what I would do, probably I won't do anything but I might ask the person when he/ she will be available to return some of that borrowed money to me because I need to use money too. But most of the time, I will assume that the person borrow money from me will never return money to me (which is usually the case!).
1 person likes this
@gloamglozer (1289)
• Australia
24 Mar 09
More often then not people will "scab" money, meaning they ask for it with no intention of ever repaying it. In that situation I would let it go, if they do this too often then i would ask them to repay them and if they haven't paid me when asking for more money i will not give them any more.
1 person likes this
@ajithlal (14716)
• India
20 May 12
I also think it is better to ask the money that we gave them and not to lend them again if they do not have the idea of repaying. I think if the person is not able to repay immediately because of financial situation we can lend them.
@btt2005 (162)
• India
24 Mar 09
To rent money or not to rent money to a friend. Both will leads to breaking of friendship. If we rent money and if they will not give back it in time, we will ask for it and they will postpone and postpone, after that they will start to escape from us like that our friendship will break. If we tell No when they ask loan, that also leads to breaking of friendship. And after sometime he will forget it and go. Anyway, it is better not to receive or give loans to anybody.
1 person likes this
@ajithlal (14716)
• India
21 May 12
I also think that money plays a great role in friendship. Sometimes we loses friendships when we rent the money and sometimes even if we do not.
@rakesh284 (1472)
• India
25 Mar 09
Most of the time it is really difficult to give money because they are friends only and we should have faith in them. But if they stretch there promise then I will keep my hands close for him by saying some reason but that too if he stretched his promise more than twice. Still I am waiting for my friends to return me my money he took in the first week of march.
@zhcy888 (256)
• China
25 Mar 09
Hello,my friend,I will alert him or her for once a time if he or she borrow a lot of money,if little, it doesn't matter.If he or she still doesn't return money to me,next time,if she or he borrow again,I will refuse him or her tractfully.
1 person likes this
@leedm158 (97)
• Singapore
24 Mar 09
I will forget it if the person really can't afford to pay me back the money; say, he declares bankrupt or is debt-ridden. However, if he just refuses to pay me back for no good reason, I will definitely not lend me any more money and threaten to sue him.
1 person likes this
@ajithlal (14716)
• India
17 Apr 12
Most times I find people who has lots of money never giving it back even after they have more than enough money with them.
@freerr (666)
• China
25 Mar 09
I ever encountered so things before not only one time. First time, a classmate who never connect me since graduated lend me for 200 RMB, he is very interesting, he just said that he is hard to live, needing 200 RMB to face the emergency. I known that it wouldn't be return but I can't refused. The second time, my wife's old sister lent me for 5000 RMB and I think I won't get it returned for ever. So now, I don't lend it to somebody who I don't trust.
1 person likes this
• China
24 Mar 09
If he is really shortage of money ,we may give him a pardon. I think as a man with credit ,if he has money ,he will return the money back.
1 person likes this
@ajithlal (14716)
• India
30 Mar 12
Some people even if they have enough money would not give it back.
• Philippines
25 Mar 09
Maybe this would depend on the situation of the lender (me) and the borrower (my friend). But I think that the word "LENDING" is not synonymous to "GIVING". So it is only right that my money is returned to me though I really feel uncomfortable whenever I'm the first to ask about money matters. I just put it this way, it's like entrusting your money to him. After all, he is my friend and I expect my money to be returned because he "Lended" it. I believe that how well you stand up to your word speaks about your credibility as a person.
1 person likes this
@sameroad (3179)
• United States
25 Mar 09
I am not big on lending people money in the first place for that reason. I don't wanna deal with them not returning it. I have lent money to a couple of people who have never paid me back and it really pissed me off but i just let it go... but i never lend money to someone again if i have the in past and they did no re-pay me. (if they were suppose to that is) the only person i ever give up money to without having to think it through is my mom. she always pays me back and well, shes my mom. lol
1 person likes this
@srganesh (6340)
• India
25 Mar 09
I will never lend money to friends.One thing,I am not rich to lend and another thing,even if I lend,it will ruin the friendship.So,I have no problems as you have told.Better,you too try not to lend friends,money.If necessary and you have the potential,then gift him.That's all.Cheers!
1 person likes this
@j47lee (740)
• Canada
25 Mar 09
aww.. sux. huh.. i've seen friendships end because of money... i dont like to lend money.. because its uncomfortable to ask for it back when you need the money... and there are some friends who just use people.. like they dont give back for years and there are some that dont give back until u ask for it... thats why my policy is.. dont lend money to friends... as money may spoil your friendship..
1 person likes this
@Jimbai (21)
• China
25 Mar 09
If someone who borrowed my money don't return soon,I will tell him that he needs not to return my money in a hurry whenever I meet him.I think he won't return the money until he can't bear what I say. And I believe that I will give that one once again after getting back my money, for I am not rich and need money too.
1 person likes this
• United States
25 Mar 09
That is a hard question - because it is always hard to loan money to friends. I only do it when I don't 'expect' them to pay me back, because I would never want money to damage a friendship. Meaning, I wouldn't loan a friend more than I could afford to lose. If they pay it back, great! I will loan to them again. If not, I would never nag them about it. The worst part though, is when your friend owes you money and then 'forgets' and starts showing off new purchases. I find that very irresponsible, and grounds for terminating a friendship.