2007-03-23 05:58:38 · 8 answers · asked by smudgey90 1 in Business & Finance ➔ Personal Finance
Your situation is a common one (unfortunately). There is no best way if you choose to keep the friendship alive; however, if a true friend borrows money and needs to be reminded of the debt then I don't consider them to be true friends in the first place. Be upfront with them. Make a vow to yourself that you won't put yourself in this situation again. If you cannot afford to GIVE the money to a friend, then don't loan it. If a friend cannot get a bank loan or credit card loan what makes you think you will be a priority on their repayment schedule???
2007-03-23 06:08:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I would get them alone (be careful not to embarrass them) and ask them what their plan is to repay you. Try to work with them, but nail down their promise to get details.
When will they pay? How much will they pay? If you don't get specifics then you won't have any way to know if they are keeping their word or not.
Once you have specfics, then you can work from there. For example. Your friend says "I can give you $50 on Friday". You say " Sounds good. I will see you on Friday for my $50"
If you do it this way and keep a record, you will soon know if your friend has the ability to pay you and keep their promises. If they tell you lies, then they are not a friend, but mearly someone who owes you money. In that case, you take them to small claims court to get a judgement against them.
2007-03-23 13:05:15 · answer #2 · answered by united9198 7 · 0⤊ 0⤋
Tell him you are in a bind and you need money .
Hi, I find myself in a bind and I need money, is there any way that you can return the $ X.xx I lent you by next week? I have to pay this thing off in 7 days"
I think it's not too pushy, you are asking the money back for a specific reason and you are confiding in your friend at the same time.
2007-03-23 13:05:26 · answer #3 · answered by Georgie 4 · 0⤊ 0⤋
how good of a friend is this person? if this person is truly your friend then a simple reminder, a nudge on the shoulder would be enough. how much are we talking about? you can always tell him you are now in financial need and need the money back that was lent to him... but bottom line, if the amount is not worth losing your friend over, then let it go. take it as a lesson, never let your friends borrow money.
2007-03-23 13:13:56 · answer #4 · answered by mrjoh2001 4 · 0⤊ 0⤋
Since they are your friend then be honest and upfront with them. Tell them you lent them the money as a friend and now you need them as a friend to repay you. Let them know you need the money now as much as they needed it when they borrowed it from you.
2007-03-23 13:02:25 · answer #5 · answered by Jerome Kristi 2 · 1⤊ 0⤋
ask for it. if they say they can't do it now, come up with a suitable payment plan for both parties. Most importantly, have both of you sign an agreement to what the terms of repayment are. that way you're both protected and the friendship isn't hurt.
2007-03-23 13:15:17 · answer #6 · answered by VENTURACHICK 2 · 0⤊ 0⤋
BUG THEM and make them feel guilty....say stuff like "If I owed you money I'd pay it back by now, I just couldn't stand to owe someone money all the time....."
2007-03-23 13:04:03 · answer #7 · answered by SadToday22 3 · 0⤊ 2⤋
"borrow his car" until he pays you back
2007-03-23 16:25:26 · answer #8 · answered by Domino 4 · 0⤊ 0⤋