2006-11-01 10:09:48 · 31 answers · asked by Juan M 1 in Society & Culture ➔ Etiquette
I don't give money to my friends.
2006-11-01 10:10:56 · answer #1 · answered by Misscheerios2 6 · 1⤊ 1⤋
Depends on the friend and their history. I've been on both ends of this. My friends let me slide on rent for a few months. 3 years later I paid it all back. I've lent money and never got it returned. Some of the people I loaned money too were not really friends and I should never have loaned them money to begin with. Another woman I loaned money too - I'll never get it back but she is a real friend and as far as I am concerned she can keep it. She wouldn't have asked unless it was necessary at the time.
You must be in a position to have the money to lend.
You must decide if you can live with the fact that you might not be paid back.
If this is the type of person that is always broke and always needs hand outs it might be time to cut them off - unless of course you are independently wealthy. Don't be the cash cow for a mooch.
If this is the type of friend that never asks anybody for anything and only comes to you because they are really in a jam then I would be inclined to help.
You don't necessarily have to lend all the requested money - you could agree to lend them a part of it.
If the amount of money is small, I wouldn't even consider asking for it back. If I spot a friend $5 I would forget about it. For something like $50 - my memory is a bit more clear.
If we are talking about a large sum of money - consult an attorney. Draw up some kind of contract. Get it all in writing.
2006-11-01 19:09:09 · answer #2 · answered by Think.for.your.self 7 · 0⤊ 0⤋
Loan the money, or give the money if you can. Don't charge "interest" and make sure if something happens and it cannot be paid back that this will ruin your friendship. Money is not everything, but can be the root of all evils. Ask yourself if you will feel unkindly to your friend if for some reason the money cannot be paid back, and what is most important to you, the money or your friend.
2006-11-01 18:16:21 · answer #3 · answered by dickie 2 · 0⤊ 0⤋
If it is a good friend and I can afford to lend him/her the money I do it, if he/she doesn´t pay me back the loss will be minimal I will still have a friend and since he/she didn´t pay back he/she will never ask me again and if he/she does ask again I just remind him/her that there is an outstanding debt. If I can´t afford to lend him the money I just explain why I can´t so he/she doesn´t feel I didn´t want to and therefore resent me.
2006-11-01 18:19:41 · answer #4 · answered by Carlos 4 · 1⤊ 0⤋
I tell them I'm broke. I am good with money and got tired of people asking. They did it so often it is a conditioned response. I never brag about having money either.
It just pisses me of when someone stops fiddling with their new tattoo, pulls the cigarette out of their mouth and tells the person on the other end of the cell phone to hold on just long enough to ask me for money.
2006-11-01 18:15:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You say Iam so sorry but I never loan money to friends because I value you and your friendship and you know the one way to loose that is to lend money.
2006-11-01 18:15:22 · answer #6 · answered by thmsnbrgll 5 · 0⤊ 0⤋
It depends on how much the friend needs the money, if they can get on without it, if they have the resources to pay you back, how close they are, etc. Use your judgement and don't give them more then you can afford.
2006-11-01 18:12:37 · answer #7 · answered by Emily 2 · 0⤊ 0⤋
I ask how much do they need. If it's a small amount and if I have it, I will give it. If it's a large amount then I write up a contract and have them sign it. If I've learned anything from watching The People's Court and Judge Mathis it's this, always get it in writing.
2006-11-04 05:50:38 · answer #8 · answered by Lov'n IT! 7 · 0⤊ 0⤋
Depends on if you trust them.
You have to analyze your friend the same way a bank would analyze you if you wanted a loan.
You need to look at how trustworthy they are.
Then you need to look at their ability to pay you back and how long this process will take.
Personally, I lend up to $50 to close friends that I can trust that have a steady job and know they won't hesitate to pay back.
2006-11-01 18:11:05 · answer #9 · answered by -=FLEXJr=- 2 · 3⤊ 0⤋
I insist on holding something of great value as collateral. That way (1) your friend is more likely to pay you back prompty and (2) even if your friend isn't able to pay you back, it won't ruin the friendship. ... If your friend balks at this idea, I'd be very wary about making the loan.
2006-11-01 18:45:07 · answer #10 · answered by kill_yr_television 7 · 1⤊ 0⤋
I don't think it's a good idea to loan money to a friend. It's a good way to "mess" up a friendship!
2006-11-01 18:40:04 · answer #11 · answered by Mugsy's Place 5 · 0⤊ 0⤋