2006-10-26 12:57:10 · 6 answers · asked by Anonymous in Family & Relationships ➔ Friends
Friends want to help eachother, but if the borrower doesn't repay the lender it can put a strain on the friendship. I've seen it done before, be careful!
2006-10-26 12:59:42 · answer #1 · answered by Special K 5 · 0⤊ 0⤋
There are two ways to look at this.
"A friend in need is a friend indeed" - Benjamin Franklin - when using this as my mantra I lend the money and never ever expect it back. IF I get it back I am pleasently suprised. I never lend money when I can not afford to do so.
The next is when a friend is not peticularly close, and/or I do not have it to lend, but I can get it IF I really want to. For that person If I decide to lend it, I write up a promisory note with the terms of repayment and have them sign it and have it notorized. WHY? because then when they do not repay it I can sue them legally. I only do this IF I have to borrow it from savings or from another bill or from my VISA, ect and MUST have it back. - It usually causes hard feelings, so I try to never ever do this.
2006-10-26 13:22:55 · answer #2 · answered by Hetty 3 · 0⤊ 0⤋
If I decide to lend money to one of my friends ...it will be after I determine that I don't need the money returned to me... this is important because many friendships are lost over a few bucks. I give my friend the money and I say ... " here, think of it as a gift, someday you will be here for me. " and that is it. I never speak of it again. ...If you can't spare the money as a gift then have the GUTS to say "NO".
2006-10-26 13:15:19 · answer #3 · answered by kar_summers 3 · 2⤊ 0⤋
My advice is to never lend money to family or friends..give them whatever you can afford without ever expecting anything in return. That is why we have banks!
2006-10-26 13:16:10 · answer #4 · answered by femstar00 2 · 1⤊ 0⤋
Not if you want them to remain friends. It's best not to go there.
2006-10-26 13:34:52 · answer #5 · answered by Ceajae 3 · 1⤊ 0⤋
I would loan my friend money, but i do expect to be paid back.
2006-10-26 13:06:09 · answer #6 · answered by zzum 3 · 1⤊ 1⤋