When you lend money, how do you do it? What do you say, ask?

Answer 1

I have learned, that whether it be friend or family, I get them to sign a promissory note saying they will pay the money back and when. If they don't want to then they can go borrow from someone else..

Answer 2

My parents always taught me that it's NEVER a good idea to lend money, however if you feel you must, this is the best rule to go by: If you are concerned about getting the money paid back, you can't afford to lend it in the first place. It's just a dangerous habit. You don't want people coming up to you with their hands outstretched all the time!

Answer 3

The best way to have no debts is NOT TO LEND. If U lend, then spend, and then cannot give back and so on, U will be a total BANK ROOT. But if you really need $, u can tell simply:
Sorry, may I ask u to lend me some money. I'll certainly give it back.
Could you lend me some money, please?
and so on. Just ask, if a person has $, he/she'll give.

Answer 4

If you really want to help this person, lend the money with the agreement of pay back, but dont actually expect it, especially if its a friend or family member.

Answer 5

I don't lend money unless it's a family member or close friend, and only if I can afford to do with out it. Then, I consider it a gift and never bring it up again.

Answer 6

Absolutely don't do it. You will have changed a friend into an enemy. If you really want to lend the money have them sign a note and be up front about expected repayment.

Answer 7

I don't lend money. That's the best way in the world to make an enemy. I'll gladly GIVE you want you need and if you happen to pay me back....great; otherwise I'll just get a resentment if the loan isn't repaid.