Ok here is the problem, what would you do? A friend borrowed some money from m...about $750.00, and promised to pay it back the following month with interest. It has now been 15 months and no money. The friend calls from time to time to see how I've been, but doesn't make any mention of the money. Do you bring it up, do you live and learn and say "never again"? This person has a great job now, making lots of money, so I'm almost sure this person can afford to pay me back. While I don't know their finances, I do know this person has bought a new automobile.
I don't want to ruin our friendship, but I just don't know what to do? What would you do?
2007-08-25 09:27:43 · 18 answers · asked by Wanna-be-Dear-Abby 3 in Family & Relationships ➔ Marriage & Divorce
I wrote this person a check...and marked on the bottom of my check...LOAN (to be paid back with interest).
2007-08-25 09:37:24 · update #1
That person is ruining the friendship not you. You need to ask about your money, let them know you loaned them money and your still waiting on payment and you would like your money
2007-08-25 09:32:39 · answer #1 · answered by daddynard1010 4 · 1⤊ 0⤋
First, my understanding is that individuals cannot loan money with an expectation of interest... that's loan sharking and illegal in most states.
Second, I heard this once and believe it to be true... if you see a friend in need, give them the money (if you have it), if you loan a friend money don't consider them a friend anymore.
I would call and ask about the money - then if they don't pay, I would consider it a lesson learned.
Is your friendship worth the money? Is that something a friend would do?
2007-08-25 16:35:43 · answer #2 · answered by Wildflower 6 · 0⤊ 0⤋
I don't think she forgot, no normal person forgets that they lent money. But just in case - I would ask her for it back ..or at least try and approach the subject by asking if she sorted everything out ? She must have explained some problem and thats why you lent the money..so try approach it that way..by asking if she sorted it all out..some friends are just not worth this type of stress..you need to find geniune friends that feel the same way about these things as you, friends that build you up and not bring you down! Anyway all the best diplomacy is key
2007-08-25 16:45:02 · answer #3 · answered by Cocoon 1 · 0⤊ 1⤋
You should have said something a year ago. If you don't want to come out and ask for it (which you should do) then you may want to hint around at it. Like indicate you were going to go away for a weekend, but you don't have the cash.
Personally, I would come out and ask -- something like "do you remember a while back when I loaned you a few bucks? I could really use the cash right now -- I don't suppose you happen to have it?" And then drop it if your friend doesn't have the money. Because they make money doesn't always mean they have money -- some spend it all right away.
2007-08-25 16:33:24 · answer #4 · answered by mj69catz 6 · 0⤊ 1⤋
Do you have a contract that both of you signed? All I can offer is that you get a copy of the check and try to sue her in small claims court. Sadly the friendship was ruined when she borrowed the money.
2007-08-25 17:49:42 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Sound like the friendship is gone anyway...I would ask that person if you could borrow the same amount that they borrowed from you and take it from there. I the person forgot it will trigger their mind. If not after you get the money just call it even.
2007-08-25 16:38:48 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Next time you talk to them say I'm glad you have a good job now, now you can pay me back that money I loaned you. If they don't want to pay it back, they are the one who ruined the friendship, not you.
2007-08-25 17:08:02 · answer #7 · answered by butterflykisses 2 · 0⤊ 0⤋
Hm, perhaps he has forgotten about it. Anyway, its your money, and you should get it back.
I usually use the same technique. Ask him to lent you 750 (do the math to see how much it would be with interest), then tell him you will give it back next month. That should trigger his memory.
If not, be honest. tell him that you realy need those money back.
2007-08-25 16:32:59 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Don't be afraid of bringing it up.You have every right to know why you didn't get your money back.Your friend may need some kind of accommodation such as a monthly payback agreement.If your friend doesn't pay you back than they are not your friend.
2007-08-25 16:39:22 · answer #9 · answered by Julius C 4 · 1⤊ 0⤋
You've already been a good-enough friend to have let it go for so long (and that is in your defense). How you do it is up to you, but you have an obligation both to yourself and your friendship to confront the issue.
How can you have self-respect if you don't?
2007-08-25 16:34:43 · answer #10 · answered by theNakedEye 3 · 0⤊ 0⤋