Borrowing Money

[metta]

If you have friends and/or family borrow money from you on the condition that they pay you back and never even make any attempt...even as much as 15 years later.... do you lose respect and trust from them and feel less close to them? Do you think that it is ok to feel that way?

 

[trawler69]

I never lend money that I expect to get back, so if I do it is a pleasant surprise.

 

[hotb0d]

If it's a noticeable amount of money I would most likely be in their face and ask for my money back. If it's a small amount, I would probably disregard and consider it a payment for trusting that person. Never again will I let that same person borrow any of my money, hell I'd probably stop talking to that person way before he/she can ask me for money again.

 

[Telstra]

If you have friends and/or family borrow money from you on the condition that they pay you back and never even make any attempt...even as much as 15 years later.... do you lose respect and trust from them and feel less close to them? Do you think that it is ok to feel that way?

It is ok to feel this way.
With money or no money, feeling less close is not about money, it is about something else.

 

[Telstra]

If you have friends and/or family borrow money from you on the condition that they pay you back and never even make any attempt...even as much as 15 years later.... do you lose respect and trust from them and feel less close to them? Do you think that it is ok to feel that way?

I never lend money that I expect to get back, so if I do it is a pleasant surprise.

unless you lend a large amount for buying a house or a car ... you would expect to get it back !!!

 

[Telstra]

^ i don't know how to use multiple quotes ..

 

[chatolandia]

I loan money and I don't expect it back

I rarely loan large amounts because I'm broke!


sometimes I get it back and I'm happy


I pay all the money I get loaned, when I do get loaned

 

[MindBlast]

The only person I lend money without stipulations to is my best friend, but we've been friends for 14 years. It's not even really lending money, we just pay for each others stuff here and there. It all sort of works out in the end.

Anyone else I lend money to, and that includes family, only gets it with a written statement saying they'll pay it back, and saying by which date it will be paid back.

 

[irish1]

If a family member needs a loan, I just give them the money as a gift.

If my bf borrows money from me, he always pays me back (always short term, and he's a great guy!).

I don't lend money to friends, too many bad experiences from it.

Sometimes saying "NO" is the best answer to keeping a friendship alive.

 

[rareboy]

My former partner's partner owes me about 35,000 dollars and hasn't made any attempt to pay back a penny of it for the last two years. It just keeps accumulating interest at about 5% per year. I'll just get it all back when he dies.

But I wouldn't even lend him a pencil these days.

Oh. And my former partner knows nothing about the loan.

 

[GayHunting]

No. If you "lend" money to friends/family you're asking for trouble.

If you can't afford to GIVE the money away you shouldn't be lending it because chances are high that you'll never get it back.

 

[GayHunting]

Oh, and if you must...VIRGIN MONEY allows you to lend money and set terms of payment whereby the borrower can pay directly to VM and it will be deposited to you account.

This allows you to make the loan more official and less stressful to manage.

http://www.virginmoneyus.com/Virgin_Money_Social_Loans/tabid/447/Default.aspx

 

[Telstra]

My former partner's partner owes me about 35,000 dollars and hasn't made any attempt to pay back a penny of it for the last two years. It just keeps accumulating interest at about 5% per year. I'll just get it all back when he dies.

But I wouldn't even lend him a pencil these days.

Oh. And my former partner knows nothing about the loan.

LOL, how are you going to "get it all back when he dies" ?
From his extended family ?

 

[Telstra]

If a family member needs a loan, I just give them the money as a gift.

If my bf borrows money from me, he always pays me back (always short term, and he's a great guy!).

I don't lend money to friends, too many bad experiences from it.

Sometimes saying "NO" is the best answer to keeping a friendship alive.

Again is it in large amount say 5,000 to 100,000 as a gift ?
I don't think so.

 

[GayHunting]

LOL, how are you going to "get it all back when he dies" ?
From his extended family ?

From his estate.

Again is it in large amount say 5,000 to 100,000 as a gift ?
I don't think so.

If it's this amount of money let them go without unless you're wealthy. If the bank won't loan them the money it's because the bank DOESN'T THINK THEY CAN PAY IT BACK!

 

[Telstra]

From his estate.



If it's this amount of money let them go without unless you're wealthy. If the bank won't loan them the money it's because the bank DOESN'T THINK THEY CAN PAY IT BACK!

But you can't get anything unless he wrote a will.

You would be surprised how much money people got when they look poor.

 

[rareboy]

I have no problem filing a claim against his estate the moment I hear he's expired.

 

[metta]

Oh, and if you must...VIRGIN MONEY allows you to lend money and set terms of payment whereby the borrower can pay directly to VM and it will be deposited to you account.

This allows you to make the loan more official and less stressful to manage.

http://www.virginmoneyus.com/Virgin_Money_Social_Loans/tabid/447/Default.aspx

That is an interesting idea. It is just a shame that it has to come to that.

Honestly, the trust in these people is just gone.

 

[Telstra]

That is an interesting idea. It is just a shame that it has to come to that.

Honestly, the trust in these people is just gone.

Virgin charge $199 just to write a paper work ? A rip off perhaps.