My friend borrowed my money.....

loaning money and friendship really dont go along well. i too have had this problem before but i have learned to let it go and forgive my friend. however, she rarely says hi to me now, probably because she's ashamed

It is sad and it may even be sadder to say that with that kind of situation, you can't really push someone to pay you if she says she has no money to pay you. I also lend someone a huge amount back in 2011 and it was only last month that she was able to pay me. Well, I asked her twice to pay me but she didn't telling me different execuses so I really thought she has no plan of returning my money so I just let things like that. The thing is she can never borrow from me again. But it was a good thing that last month, when I felt like my financial status is now doing fine, she paid me. We were able to buy items for our shop and I am thankful for it because the money we will be earning from that will help us in the coming days. Just pray that she'll be able to pay you the soonest. It is just sad that your son's education will be affected because of this. She will carry this to her conscience. I hope you can still find a solution so you can still enroll your son.

I think most probably money and friendships should not be mixed. I think most times money will create problems in friendships. I think most probably you can ask your friend for money once again and say that you need for your son's education and hope your friend understand it.

Never lend money. It's a great way to lose a friend, and lose the money. There is nothing you can do. Your friend simply does not have the money. They can not pay you back. If you want to be angry, be angry at yourself for lending out money. Don't do that again.

That problem borrowing money to friends and relatives because they cannot get back the money back . However , your need to step in your friend house and demand that she return goods in same value for your. Take your friend possession and sell it to get the cash back. Or force your friend to take other people loan to give your back! This person is no more your friend because not able to return your money.Next time do not borrow your money that is tie to other usage. Ask also for collateral as insurance if the loan is not able to be returned.

That is sad that your friend done this to you and your son. I am afraid I would drop her as a friend. The best thing to try and do is get a student loan or really work hard on the internet. Will the school take payments?

YEs, that is really the problem with lending money, especially to family and relatives or friends.. you will never be sure when you will get it back.. specially huge amount of money. I guess there is nothing much you can do, since you cannot force your friend... Can your son be a working student, some school give free education for that?

Well, that is a hard dilemma since you cannot force your friend to pay now, since you have no written contract. That is why i do not let others borrow huge money to anyone, not even the closest of friends.. I only let them borrow if i have extra money.

My friends and I have this rule " FRIENDS AND MONEY DON'T MIX" and it works for us. So I would say to you that for your friendship to survive you to ask for your money back in the must nicest way...

this is sad, I hope that they will pay, but things like this teach us lessons be careful what you do.

O, I am sorry to hear that. Hi friend it is a good idea if you ask your friend to borrow some money at the bank to return your money, so she or he can pay in installments. You can get your money and she or he can return on easy way. I hope you can find the best way to get your money, poor your son, he needs to continue his school.

That is a huge sum of money to lend out. For loans to friends, I think you need to treat it as gifts and be prepared not to get it back, hence only lend what you are prepared to lose. Hope you are able to recover your loan.

One of my father's friend had borrowed a heavy amount of money from my father in 2005 with 2% interest per month for 2 years. But he hasn't repay yet the money at all except some interest. Whenever we ask him money, he says I have this problem , that problem, etc.

hi you are right. we can't be angry with that person who borrowed your money. it doesn't end the problem. if i'm in your shoes, i'd better borrowed money to the other, or try to find money. if i'm parents i can't make my son to stop his study... that's all.. sorry if it can't be help...

That is one thing that prevents others from helping people. I mean, we could be helping people who needs our help. But sometimes, it is hard to trust if these people would pay us. If they decide not to pay and we are well off, then it doesn't matter. But if we are just normal people who just have enough money, it is hard to trust people that they would actually pay back especially when your need arises.

I have a friend and she also borrowed money from me,i know the situation now for me is not cool but i still did it.While that's life and we meet bad things,sometimes help them may also good for you,anyway,you need to tell her to give back money really soon cuz you need it.

Sorry, but that was a foolish thing to do. you can only let people borrow money if you actually have more back up money. Don't trust anyone else with your money, no matter who that friend is. Better safe than sorry. how to solve the problem? You might have to borrow people's money. You are in deep trouble though.

Sad to hear about your problem. I wonder why your friend is in this sort? She must shame about her mistake. She must pay her debt, it is her duty. As you mentioned she only returned 10% of her debt as well as don't care about it. There is nothing wrong in asking your money, as you badly need it for your sön's education. So remind her about her debt, hope she will return it.

I hope you are able to come with,the money from working here online, never loan money to family or friends, they will never and I mean never, pay you back they will tell you they will, but they really won't.

I feel sad about that.But you can loan maney to continue your son's education.You should also get a lesson that money must be borrowed for a person who is honest and has the ability to return the money.Sometimes,my friend lend money form me,she always forget to return me,it's difficlt to open my mouse to ask her get back my money.