Lending money to others

It would depend on the situation, if I see the person needs the money for something really important and it depends if this person owes money to other people. It would also depend if this person is working or not and what kind of friend they are, I would also have to ask myself, If I would be in a jam and I needed financial assistance would they be there for me.

hello faisai! ^^ i agree with you. its best to keep a friendship free of big money. if its small money, its okay. but if its like half of your salary, it would really make things complicated. even if you're best of friends. its not the money that directly complicates it but the attitude. like in my case, i had a bestfriend who borrowed a large amount of money from me and she said she'll pay me when she can. and then she got married and move. i sent her a message asking her if she could pay me because i need the money. she didn't answer me and just pretended that she didn't receive any messages. i think that happened thrice. and now there's a gap between us. we're still friends but something has changed. she could have just told me she still didn't have the money to pay me. but no, she chose to ignore my messages. and that what annoys me. so i think its better to keep big money out of the way. but then again, people may think the other way. i guess it just really depends on a person's attitude.

I have learned a long time ago not to lend money to anyone, especially family, because family won't pay you back, and sometimes friends won't either. I think its best to keep a relationship free of money also, because it can cause alot of problems when money is involved.

If you lend money to a friend, you are risking loosing your money and your friend as well,I have seen it happen, so I would be very careful about lending money even when you trust your friend, or family member.

The solution is, learn to say no, or learn to give freely. I have a rule... I do not lend money. That said, I have no problem giving money. But I don't lend it. If you $500 for something, and I don't have it to give, the answer is "No". Meaning... "No". Not "No, unless you beg me and then I'll lend it to you". If I DO have the money, but I really can't afford to give it to you, the answer is again "No"... meaning... "No". If I DO have the money and I CAN afford to give you it, I'll just give you the money, with no expectation to repay. As in, here... this $500 is a gift. I want you to have this. What this does is, it keeps your relationship clean and clear of money, while still being able to help out your friends if you can. Because you are right... it's hard to have a good relationship with someone when you are trying to get them to pay you back. So don't do it. Of course this requires maturity on YOUR part, because when they can't do something for you, you can't start thinking... "Well I gave them that $500" Right you did, and it was a gift so drop it. You have to be a mature person to do that.

When I lend out little bits of money, I never get that back.. It's only a few quid so I don't mind but it would be nice for a change to actually get it back, which is why I'd refuse a big amount of money straight away.

Hello faisai. A few months ago, one of my colleagues asked to lend him a large sum of money for buying some shares of stocks. I lent it to him and after a month he gave it back to me with some extra money because he had made some more money with the money I lent him. I accepted it as he insisted on my accepting it. I am glad that he earned some with the investment in buying stocks. I wish him good luck.

Could you have warned me two years back??? I have lend 2000,00 euro's to our friends that live across the street. They were going to pay me back 100 euro a month. Then everything would have been all right. I had told them, if they don't do that I would get into be trouble. And today, I am happy when my fridge is full and my bills are paid. Because my fridge is more empty than full. Who helps me know??? No one really. I have not gotten the money back, and probably never will. I will (right now I can't, but if I could) never lend money to anyone ever again! If I have enough, I will give it away, but not lend and get into trouble myself later. I really trusted these people. Stupid me. I feel like I am being punished because I tried to help. That is a terrible feeling.

Yeah I lend money because I find it hard not to when someone close is in need of it. I'm not to much worried about money because I put lots of thing before money. I believe money is important but only as a means for happiness not in itself and helping others makes me happy.

I agree with you. Lending and barrowing is something i dont get involved in. For one thing i do not have $$$ to loan. And i dont want to owe anyone anything. People disappear from you when they owe you. I would rather give them a $10. or $20. if i can afford it. I will tell them dont worry to pay me back just dont make a habit to ask. I have lost afreind over $20. He insisted to pay me back. But instead he dissappeared. Looking at the possitive side...at least it was only $20. and not $200. I hope he is doing better now whereever and whatever he is doing.

I very rarely do this infact I don't think I ever have. If the circumstance arose when I would have to do it then I would but I would want a document drawn up and interest paid back too. By stipulating i'd want interest hopefully it will put people off asking so I don't get put into that awkward situation but if it did occur then i'd want to do it properly so i'm not losing out by the arrangement either.

A good rule of thumb is not to lend money to friends. THere is too much chance for anumosity to come between the two friends and teh relationship is not the same even if they do pay them back. If I am going to give a friend money I will say it is not a loan but a gift and not expect it to ever be paid back. It would cause a lot less problems.

Yes, I do lend money to others. Others that I am sure would pay me as what they promised. But if that person failed to pay me as what they had promised, I definitely won't lend them again.

I did lend money to friends a few times during the past years. And sometimes my friends forgot to return it to me, and I feel it is embarrassed to ask them. So I don't lend money out unless to the best one or two friends.

Yes, I do lend money to others if I have it. But not large amounts. The highest we have loaned money to someone was $400 when my husband was working really well and we were paid back but it took 7 months to get it. If I had it yeah, but it would be with the understanding that it needed to be paid back and was not a gift. We barely scrape by most months and so money is hard to come by. Sometimes it is easier to loan money to a friend then family since sometimes family has a attitude of of well..and don't like to pay back.been there done the many times. And never loan more then a person would be able to pay back..that how things get tangled and people can't pay it back.. unless on a payment of so much a month.

In the past, I must admit I am a good friend of many. I have few debtors whom I do not know where they are. Though I know very well it was money gone, I do still harbour hopes they will look me up and pay me what I have lent them.

I have a little rule about that. I never lend out any more than I can afford to lose. In fact when I lend money...I consider myself my own co-signer so to speak. If the person doesn't re-pay me...I pay for whatever I lent them the $ for to begin with. There are a couple of people that I would without thinking, break that rule for because I know without a doubt that they would pay me back when they say they will. Ironically...those are the ones that will probably never ask.

no i dont lend money to anyone because i dont have it to loan you see iam on a fixed income myself and i dont get any help from anyone else.

I do lend money to friends,but it angers me when they borrow money off me or someone else and then their partner go and buys a take away or other stuff.It also annoys me when you have three friends who borrow money off you and it takes them longer to pay it back than they say they are going to pay you back by.Do these people not think we have bills to pay just like they do.

I've lent friends money...may be up to $20, but not a large amount. I don't usually have a large amounbt to lend!! My friend lent her good friend over $300. They also worked at the same place and made the same money, but he never paid her back! He also became very nasty towards her and totally changed. They were such close friends and I can hardly believe he did that. If I would lend a good friend money like that, I would do the paperwork, but not charge interest. That's what banks do. Good luck to you!