If you know that he/she is not working & you have loanded this person money in the past that they have yet to pay back? He/she is saying that they will pay you back as soon as they can. If you don't loan this person the money, they are going to have all sorts of things turned off or repossessed. Do you still offer up the loan?
2007-03-19 08:22:18 · 11 answers · asked by jtrevoxen 2 in Family & Relationships ➔ Friends
I will offer you some advice that your wallet won't like, but might help your friendship. If the money your friend needs will really and truly help, make a gift of it. If they come into money later and want to repay it, then graciously accept it. But either give it with no strings attached or don't give it at all. Because if you count on that money coming back and it doesn't, it will put your friendship in a very tough spot. Also, perhaps you should help this friend evaluate his budget and spending, so he can avoid this situation in the future.
2007-03-19 08:34:59 · answer #1 · answered by oj 5 · 0⤊ 0⤋
It would depend on the person...and I wouldn't "loan" any more than I could afford to lose, as it often happens when you loan money you never see it again. I have some friends that I care a lot about, but I wouldn't loan them money because they don't spend wisely and I have little enough to spare myself.
At most I'd probably only contribute the minimum needed to keep them in necessities (elec bill, water bill, phone bill...no cable tv, no extras)...and I'd pay the bills myself, not give them the money and hope they'd use it as I desired.
That's a really bad situation to get into, especially if they owe you money and then need more...I think it would be a better idea to help them learn to manage their finances and to find a job, then to keep handing over cash.
2007-03-19 15:30:12 · answer #2 · answered by . 7 · 0⤊ 0⤋
My parents have always told me not to loan money to friends, and I try to follow their advice. My best friend has had money issues ever since I've known her, and she has asked me to lend her money a few times. I have done it a few times, but only about $100 at a time. She has luckily always paid me back, but sometimes it takes weeks or months. I think it's a really bad idea in general, and I would advise anyone not to do it. It's tough to say no when you care about the person, and you don't want to see them get in trouble financially, but it's really not your problem. That's what banks are for. If your friend has the nerve to ask you for money, you shouldn't feel bad saying no (especially if you've lent him/her money before and he/she still hasn't paid you back). Past behavior is a great indicator of future behavior.
2007-03-19 15:30:43 · answer #3 · answered by crabbyone 5 · 0⤊ 0⤋
The fact that they still haven't paid back the old loan is answer enough to your question. We all need to be responsible for ourselves. With that said, I can only say NEVER loan money. Either give it as a gift, or don't give it at all. And even then, give only what you can afford to never see again and not have it bother you.
Good luck.
2007-03-19 15:30:17 · answer #4 · answered by Vix 4 · 0⤊ 0⤋
Can you loan them the money without expecting repayment? If they don't repay or can't, can you accept that?? You should never mix friends and money! So if you help your friend do it because you care about their welfare not because you'll need the money back. Also look at why they're in this situation to begin with.....
2007-03-19 15:28:38 · answer #5 · answered by Donna C 1 · 1⤊ 0⤋
The only way you can offer she/he another loan is that he/she will get a job, and that you would get a legal contract up, so he/she will HAVE to no matter what has to pay you back.
2007-03-19 15:31:33 · answer #6 · answered by love to help 2 · 0⤊ 0⤋
Friends don't owe friends, friends do because they want to.
I never allow my friends to pay me back it would be an insult.
Everyone says that is foolish thinking. I find that it is not but I am a cheerful giver.You may not be if you give expecting something in return its proably better not to give.
For me it is payment enough that I made a difference in that persons life especially because I care for them.
So I choose my friends wisely. Follow your heart.
2007-03-19 15:33:51 · answer #7 · answered by ____ 5 · 0⤊ 0⤋
i would loan them a small amount to help them but nothing past 1000$
it also seems that they dont pay people back so why would you be any different to them
be careful and dont give any money you aren't prepared to lose
and also make a contract with them saying they have a certain amount of time to pay it back and make them sign it so if they dont you have proof that they never paid it back
2007-03-19 15:29:10 · answer #8 · answered by carmelfude2003 4 · 1⤊ 0⤋
No, you are not doing her/him any favors. If he doesn't have any money now, he won't have any money later. Let him or her, deal with the money he has now, and learn to leave within their means. You will never see that money again, and you never miss business with friendship.
2007-03-19 15:31:45 · answer #9 · answered by johanne 4 · 0⤊ 0⤋
Yes Coz I Trust My Mates And If I Can't Trust Them Screw Them
2007-03-19 15:26:55 · answer #10 · answered by Bubblegum_Faeire 3 · 0⤊ 0⤋