What do you think of borrowing money without paying back?

I think it is better that this be handled by your son. He knows what is the real situation and he could deal with it in the best suitable way. I don't know about the amount of money involved but it should not be a large amount. If getting the money back will impose a strain on your son psychologically or stress his relationships with others, don't press it too hard on your son. Just see how it goes and advise accordingly. The worst scenario is to let go of the money and treat it as a lesson learned for your son. It is something he will have to face in life later on.

WOW i would be so mad at my son. My son would need to talk to me and ask me if it is ok and it would depend on how much he was letting him borrow. Now if it was like $2.00 so that he could buy him some lunch that would be a little different. I have let people borrow money but they have always paid me back. I dont lend out alot of money though. I think that the most i have ever let anyone borrow was $20.00. I think that it is a good thing to let people borrow money as long as you can trust the person to pay you back. But you have to use your gut before you let someone borrow money.

Hi Archai, it is a pity that the money that we had lend out, sometimes won't return to us forever. I ever experienced this type of situation, where i had lend my ex-colleague some bucks. It is really hard to request back those bucks although she had received her pay. After a few months later, then only i am able to regain my money. After that, i never want to lend my money to anyone anymore. I just hope your son's classmate will be willing to pay back those money to your son soon. Money is hard to be earn, so we should always be careful and to spend them wisely.

I don't like it and that is why I don't really lend money to people. Of course, as I have said many times, it does kind of help if you don't have any money to lend. Of course some people can be very needy, giving you the ultimate guilt trip, that is going to make you feel like a bad person if you do not lend them money. Money that it is painfully obvious that they have no intention whatsoever in paying back by the way. So really in the end, I don't like lending money at all. There have been some very bad experiences that I have had in life where I have learned and learned the absolute hard way. And people can get more offensive than ever when you ask you to pay them back. "I'm your friend/family/whatever, you should let me have it out of the kindness of your heart." Really? That is why in a nutshell that I don't like lending money.

I think there are people who really have that habit. I have same experience with few people who borrowed money and never returned it back, not a cent and even stopped communicating (ugh). I wonder why there are kind of people who have such a behavior.

You know there are really people like that but I don't want to be like them. I knew people who borrows money from me but does not really pay them in full, they will pay but it has no definite time, sometimes you will tend to forget it. For me, I don't practice that when I borrow, I promise an exact time to pay back, also I pay in full. I do this so when the time comes that I am short in money again, I can borrow from that person again and I won't be shy to borrow. Its your own money and you have the right to ask them for the payment, you must not by shy to ask for the payment.

I learned the hard way when I was young not to lend money At the time I had very limited funds and was very upset when I did not receive it back. There is a word of wisdom that I read someplace. Never lend money to anyone unless you can afford to loose it. So what one should say to the person who wants to borrow money is: I do not lend out money, however if you are in desperate need I will give you the money. This way you will not be dissapointed if you don't get it back. As far as you son's friend is concerned, he did make an effort, he paid back some, so his intentions are good, be patient, perhaps he will pay back the rest.

I like to pay people back and I like others to pay me back. But often for some reason or another the person just doesnt. Especially if its a large amount then it gets even harder to get the pay back. In regards to the borrowing and loaning of your son, that is something that he will need to deal with and address it. Its a learning experience for him. And maybe the next time he will decide not to loan money out.

I hate lending out money to other people because I am always certain that I will never get it back. I hope that your son gets his money back soon and that his friend will pay him. I know it is hard to ask for someone for money when they borrow it, but if a person is a true friend they will pay you back.

I do not think it is a good idea to loan money. I have of course done just that in an emergency but the person I loaned it to did pay me right back. I have also loaned in the past to others who have not. It is definately not a good idea to loan to family either because 9 times out of 10 they will either not pay you or you will end up waiting months before you can get any money back.

Hopefully he, like I, learned never to lend after the first time. I am not a lending institution. I had to learn the hard way. Never saw my $75 come back. That was 30 years ago.

hi , its notice to do so, imagine the feeling of the other person, if he did or shed did that to you also, and try to see why he or she try to help you in the first place is good thing to start the help so do not make that person to regert it due to one day you many needs another help its life

I think your son feels embarrassed to ask the money back since they are friendship. Maybe you should give him more time to get the money back because I am very sure since you asked him about it he is now try to find the most convenient way to tell his friend that he need the money back.

If you owe someone, you need to pay because it is not only that you are not returning what you owe but you are breaking the trust and confidence that the person who lend you money. You know money is just something you can earn easily by working but friendship for me would be hard work since it is not over night that you gain friends it is a long process by getting to know each other, and going through the test of time so I would suggest you pay. It is also a test for your credibility, the credibility that you have built for quite a time right?

I must be honest I am not good at asking for money back, I have lost a bit of money by lending and it being returned, I guess I am a bit of a coward, but it does seem to be so common these days, people borrow make promises and then forgets, very sad.

we all got to learn how to pay what we borrowed. I would say that there are not much things a student should need, that is not given by their parents and this person probably has no intention of giving it back already. Do not force your child anymore on this. Your son knows the value of friendship and giving.... but he learned that not all can be trusted now and that he should get to know the people really well prior to helping them out, especially with money.

Usually if I lend money to others I considered that a give and I don't expect for a return. That's why If one of my friend borrow me money I make it sure that I have extra money to give so that I if they return it's a big gratitude for me because she really have good repute in her words. But if she did not return, well It's not me who lost a friend it's her because I don't trust her anymore in case she want to borrow again.

This is always a dilemma. When you lend out money, in fact you'd better to plan that this person will not return the money to you. So perhaps you will feel it better. And I can feel for your son as it is very embarrassing to ask his friend for the lent money. This is why people often say if you lend money, you will lose the money. If you don't lend it, you will lose your friend. It depends on how you choose. But of course I really dislike to the people who don't return the money. This is a very bad behavior. I love China

I do think that we should pay back money in time,cause i have experienced the same as your son and maybe everybody encoutered such situation.Just don't push and leave to your son,he may have the solution to solve that and it's usually related to his frienship.

some people speak nicely while borrowing money from us. then they will forget us and act as if they never saw us. i don't why it is hard for people to return back the money or small things which they were borrowed. we should be careful while giving money and check whether that person is capable of returning it. hope your son will get back the money soon.