2007-11-26 07:24:48 · 7 answers · asked by Chuck B 2 in Business & Finance ➔ Personal Finance
dumber than dirt!!!
2007-11-28 07:29:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
My husband and I have a rule : Only loan what you can easily afford to lose. It doesn't matter how trust worthy your friend is. So saying that, if you don't mind losing your life's savings without getting even a little bit upset then by all means loan away. But do you get upset when someone doesn't pay you back a lesser amount? Would you forgive someone if they never gave back your watch or car, what about something larger? It's all about how much your willing to GIVE AWAY.
2007-11-26 07:47:04 · answer #2 · answered by faithfulox 2 · 0⤊ 0⤋
Are you serious? Because you should never loan a "friend" money. That is the quickest way to lose a friendship and you will probably never get any of your life savings back. Don't you watch Judge Judy?
2007-11-26 07:27:41 · answer #3 · answered by *Cara* 7 · 2⤊ 0⤋
Because he may not pay it back and it Will cause resentment ruining your friendship
Don't do it make him get a loan from the bank if he needs the money
If he cant get the money from the bank because he has risky credit then shouldn't that tell you that he wont pay it back
2007-11-26 08:12:56 · answer #4 · answered by collins 17 4 · 0⤊ 0⤋
Never loan money to friends or family.
Gift or not at all
2007-11-26 07:27:50 · answer #5 · answered by Fuzzybutt 7 · 0⤊ 0⤋
My rule of thumb is that I don't loan money that I can't afford to lose. Can you afford to lose your life savings?
2007-11-26 08:44:07 · answer #6 · answered by Sandy Sandals 7 · 0⤊ 0⤋
Because you make decisions on emotion.... Not good credit worthiness..
2007-11-26 07:27:28 · answer #7 · answered by rukidden99 3 · 0⤊ 0⤋