What will you do if someone borrow your money but forget to pay back?

Hi karen! Actually, Ive been both sides of the coin. I´ve been the person that lends money and person borrowing money, and both sides I have done right and done wrong. In the end I learned that is always best never to lend any money unless it is truly necessary to lend it. At work, I have this friend that would lend me change any time I would ask for it so I could eat at work, at home my husband before kept checking on my money to see where I would be spending it (dieting gets the worse out of me if Im not satisfied) and would cheat like that. My friend never asked for the borrowed money back, and trust me adding up it was a lot that I borrowed from him. In the end, the person that U lent "forgets" to pay, doesnt really forget, I sure didnt forget!, I just never repayed him cause I thought that he was cool with it for not telling me that he wanted the money back. So, its always best to ask for the money back, after all it was money borrowed and not money given. He never told me return the change that I gave you, one day I asked him for money and told me sorry dont have any change... and I realized that I reached the limit. I left him with a 20 dollar bill. Adding up that is what I owed him, then he smiled and said dont worry about it. In a nutshell, people who "forget" they have to pay you, make sure if they have truly forgotten or not, cause otherwise your coworker will keep doing this to you and if you dont like it, you have to say it.

I do not barrow or loan. Mainly because i diont have the extra money to do that. I have found that when items are barrowed i never see them again either. So i dont do that anymore either. In the past i have had to replace things that were never returned. Just as bad as amoney loan that is not repaid. Its just bad policy to loan or barrow. When people oue you they simply avoid you. You loose friends. If they need help there are organizations they can go to get what they need.

i don't ever have this problem because i don't lend out money to people. i will give you $20, but i don't like to lend people money because of they tend to "forget" to give it back. If i do lend someone money, and that's a big if. I will only do so with a promisory not to return my money on a certain date. money ends friendships and tears family apart. that's why i don't like to do it. but if i do lend out money, you better know i will take someone a$$ to court to get my money back

Do not lend money to friends. That is a good way to end friendships. Here in the US, we have a saying that goes like this: "If you lent your brother-in-law $100, and he never bothers you again, was it worth it?" The saying is an understanding that lending money to people tends to have the effect that they avoid you, because they do not pay it back, and don't want you asking for it. Since you have already lent the money, I would assume the money is gone. That person may never pay you back, and asking him for it, may make your work place stressful. Lesson learned. Never lend money to someone again would be my advice.

This used to happen to me when I was younger and friends with people who were not as good at saving money as I was. They kept promising the money next week, it was always next week, but that never came! I soon learned that these people were using me and so I stopped having anything to do with them! It was a big lesson for me at a time when I was young and vulnerable! Stand up to them and ask for it back. It is your money and your right to ask for it to be returned to you!

I also encountered the same thing with my high school friend. It's not that big amount too, so I decided to let it go. And besides, we don't really meet that much now so maybe she forgot about it already. In your case, why not try to ask him/her? It's already the second time so maybe it's time for you to ask that person. Maybe he/she have some problems with money so try to talk with him/her to clarify things.

I would give them ENOUGH time to pay me pack on their own. After a while of waiting I would kindly remind them that they borrowed money from me and that I would like it back. Maybe by dropping hints like, "oh I'm so broke right now...etc" and if they still didn't pay me back I would give them some more time. Eventually I'd become a little p*ssed off and bluntly ask for my money back, at this point I'm not to nice to talk down, and I would probably end up hurting this person's feelings. This is the one reason why I do not borrow nor do I borrow out money to people, especially my friends. You should definitely ask for your money back. This person more than likely "conveniently" forgot to pay you back. He or she thinks that you will not ask for your money back because you might be scared to do so. No matter how much a person borrows from you, it's not about the money it's the fact that he or she did or didn't pay you back. Don't let this person get away with your money and learn from this mistake by not letting he or she borrow anything from you again. You might feel mean doing this, but this person broke trust with you when they didn't pay you back. Money is not the most important thing in the world but, it's something that you own and worked hard for. Don't let people take advantage of your kindness and be careful when you lend your belongings to people. GOOD LUCK=)

Hello karenkarenkk, I think its not just one time wherein a friend or colleague forgot to pay what they borrowed to me. It is not just in terms of money. some times magazine, books, dvd tapes, wherein they will borrow it and yet they will forget to return it. In terms of money, if a colleague or a friend would forget to pay me, I won't lend money to him / her again. If it just a minimal amount, I will just let it go, I will not bug him just because of that. My trust for that particular person would not be whole again, because of that instance. But if the person will give me reasons why he can't pay the money back immediately I would understand it. I believe this should be a personal initiative to pay back the money one owe. Good luck!

I alway say if you lend money to a friend you lose both [ your money ] and your friend. I have quite a lot of people that owes me money [ mostly family ]and I never espect that money back because I know they can't pay it back so I gave it as a present! what I could afford at the time, no more no less, and today we can all sit together and be comfortable with each other and no hard feeling. To me is if you lend money be prepared to lose it!

Yeah, I found a person like this a few years ago. At present he is one of my best friends. He is witty, nice and loyal...but a little mean too. Money seems to be the blind spot of his common sense. He always forgets to pay back the money I lent him. Despite the fact he is very forgetful (hahaha), I am really grateful to him for teaching me the right attitude towards this issue. Money hasn´t nothing to do with good manners or kindness. There are many people willing to take advantage of those who don´t dare to request a pay back. And I wouldn´t like that someone thinks that I am stupid because I didn´t demand what is mine. You don´t need to be unpleasant but firm. In the end, you are not stealing anything, right?

Well! I just forget about it because I can't force the person borrow some money from me. Until today I never got payback from those person owe me some thousands. They are always hiding if I will go to their place to ask their payment...Now I gave up and say luck to them...have a nice day!

Sometimes we have to stand up in order not be abused by people around us. Letting the person know his/her mistakes will caution for future abuses. On my part I will ask for the payment and if he/she will not pay me once i would not give him/her another chance to barrow money. It a simple rules of respect.

I have people that owe me money right now! I have learned the hard way to always get a promissory note wrote up and signed especially with family and friends. I know that the date the promissory note says to be paid off usually you have to give them 30 days from that day, which I already have. They have told me that in october I will start getting some money if I don't I have no choice then to take them to small claims court. I do not know want to do that, but I feel I was nice enough to loan it to them when they needed it so they should try to pay me back. The only reason I have not went to court already because it is a very good friend and they have had a hard time. They are on their feet now. So I will wait until October some time to ask for my money again. I do not know why but sometimes I feel bad about even asking for my money back. It is a huge chunk of money for me, though and I need it just as much as they do.

I have encountered that kind of situation already with a friend. She pay me back when I try to make a joke about what she had borrowed. It happens 2 times already, afterwards, I never let her borrow a money from. If ever she borrow again then I just try to say I don't have an extra money for her to borrow.

It's your money. Keep asking ...as often as necessary until you are repaid in full. Also,never make the same mistake twice ... if a person has neglected to repay you once .... they will take advantage of your generosity over and over again. Probably the best time to ask for repayment is on payday ...so there are no excuses. Why not just make it a personal policy .... never loan an amount of money you can't afford to give away? And of course, only to a person you would gladly "donate" your money to. Just say "I've had some bad experiences, in the past loaning money, so I would rather not harm our relationship".

What I've learned about loaning money to my friends is this: Don't expect to see your money come back, consider it a gift, and if they do pay you back: Well, what a pleasant surprise. With that outlook, I don't loan it unless I can afford too and if I do loan money I don't expect to see it back. Then there's no disagreements, hurt feelings or any of those other negative feelings that come when you expect an action from someone and you don't get it.

That is such a hard thing! It's so ackward to bring up debt in a conversation. Sometimes though it just needs to be done. Maybe you can do something like "hey, I don't have any cash. Do you think you can get lunch for us and we'll just take it off the money I lent you?" That way it is a reminder, but not as harsh as "You owe me money and I want it." I don't think that I would lend that person money anymore. Good luck!

Maybe he really did forget about the money. You need to just remind him that he owes you money. If he can not pay maybe you could have him help you out with something around your house to pay you back by working for you.

Well for me if someone wants to borrow money from me I have a limit. My limit is no more than $40. It's the amount that I can care less if it comes back to me in my mind I gave it to them. If they choose to pay it back cool if not I don't miss it. Also I only loan money once which I let them know in advance that I do that because I don't want money coming between family or friends. That's what I live by and I stand by my conviction.

"Lending" money is like gambling. You hope that you get back the same amount or more than you spend (lend). If you can manage it, "Neither a borrower or lender be." All of us have been on both ends of that famous quotation. I used to let situations like this bother me until I decided that when I lend or give money to someone, it is gone and I don't expect to get it back. If I do, it's just a happy little bonus. Also, everyone around me knows my philosophy about things that I own (money or whatever). If someone has to steal from me then they can have whatever it is. They obviously need it more than I do. You might consider asking for your money back as long as it won't make things weird between you. For me, no amount of money is worth a relationship. You have to decide what hold the greatest value for you.