Should You Loan Money to a Friend?

loaning money to a friend - personal loans

If you have money and friends, the situation is bound to come up sooner or later – your buddy wants to get a loan from you. Should you loan money to a friend? Shakespeare didn’t think so. In Hamlet, ol’ Will has this line: “Neither a borrower nor a lender be; For loan oft loses both itself and friend.” An old Scottish proverb echoes this sentiment: “Lend your money and lose your friend.” Maybe these folks were right about the wisdom of not loaning money to friends, but I haven’t experienced any problems, personally, with making personal loans to pals.

I’ve given short term loans to friends many times, and I’ve never been disappointed. My pals have always paid me back when they said they would. Maybe I’m the exception. I’ve read lots of sad tales of how personal loans have destroyed close friendships. Heck, you see it on court TV shows all the time. Two lifelong best buds will be ready to kill each other over a personal loan. So should you or shouldn’t you loan money to a friend?

I think much of the answer depends on your friend or friends. First of all, don’t even consider loaning money if you don’t know the person well. You should have been in a friendly relationship long enough to have judged the other person’s character accurately. When I loan money to a friend, I’ve decided that the friend is trustworthy and honest. Through time, that pal and I have established a friendship based on trust and mutual respect.

If you have a not-so-close pal who’s in dire straits and wants to get a loan, just give her the money, if you can afford it. If she’s a real friend and a person of good character, she’ll repay you if and when she gets on her feet, even though she doesn’t have to.

Tips to successfully loan money

Reason the friend wants to get a loan: Why does Bob want to get a loan from you? This is a key aspect for some friend-lenders. Some people don’t want to loan money unless it’s for an emergency situation, while others don’t really care what the loan money is to be used for. Personally, if one of my close friends needs to get a loan from me, I don’t care how the money is to be used.

A low-interest loan or a no-interest loan? You'll have to decide whether you'll be extending a low-interest loan or a no-interest loan to your pal. If the loan is for a small amount of money, and it's repaid quickly, you might want to make it a no-interest loan. On the other hand, if the loan is for a larger amount and will be repaid over an extended period of time, you might want to charge interest. You could still help the friend out by making it a low-interest loan, with better rates than they'd get at a bank.

Make sure the terms are fully understood by both parties. The terms should include the amount of the loan, any interest involved, and when it will be repaid. For larger amounts of money, you’ll probably want to get all the specifics of the loan in writing. Make sure it’s dated, signed by both parties, and witnessed by a third party. Make copies and give the borrower one. You keep the original in a safe place.

Set up a payment plan for the loan. If your pal wants to get a personal loan just until payday, or when they get their income tax refund, you won’t need to set up monthly payments for such a short term loan. For a long term loan, set up a realistic schedule for repayment – something the friend can afford and that you can live with.

What if the friend can’t repay the loan? Always discuss this possibility. Stuff happens, and it happens on a regular basis! Let’s say your pal gets $500 as a Christmas gift every year from her grandmother. The friend is short of cash in November, so she wants to borrow $500 from you, and she promises to pay it back at Christmas when she gets the money from Grandma. What if Granny dies or loses all her money in the stock market before Christmas ever rolls around? In that case, your pal won’t get her money, so you won’t get yours, either. Now what? The short term loan has likely just become a long term loan. You can formulate a weekly or monthly repayment plan, or you can figure out some other way for your friend to repay you. Unless you really need the cash, you could use the barter system. Maybe you have some jobs around the house that need doing, like repainting your garage or staining your deck. The borrower could complete such jobs in lieu of repaying you with money.

Should you get a loan from a friend?

I’ve been on this side of the equation, also. I’ve had to get personal loans from friends a couple of times. I hated to ask, but there have been a few times when I’ve had to get a loan. These were short term loans, and none of them were very large. Since I repaid the loans very quickly, I feel sure I can get a loan again from the same pals should the need arise. Except for one close friend, the loans were made to me by friends I’ve made loans to. We’ve helped each other out several times with short term loans. So if you have no other choice, you might be forced to get a loan from a pal. How should you go about this? Read on for how to borrow money!

How to borrow money

For how to borrow money from a friend, follow the above guidelines. Go to your friend and explain why you need to borrow money. Telling her why you need to get a personal loan might be important to her. Tell her exactly when and how you’ll repay her. Suggest to her that both of you sign a written contract. This will make her feel like you’re serious about repaying the loan. Don’t borrow any more than you have to or more than you can repay. For short term loans, you might not need a repayment schedule, but for long term loans, you probably will. Most of all, don’t get a loan from a friend unless you have to.

 

Should you loan money? Should you borrow money from a friend?
Should you loan money? Should you borrow money from a friend?

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Comments 387 comments

jdavis88 profile image

jdavis88 5 years ago from Twitter @jdavis88hub

Good hub, always can be a sticky situation.


habee profile image

habee 5 years ago from Georgia Author

Thanks, jdavis. Guess I've been really lucky! lol


Rhonda Waits profile image

Rhonda Waits 5 years ago from The Emerald Coast

Really good advice. Great hub. Well spoken. Thanks.


C.J. Wright 5 years ago

Great HUB, very usefull. My take is that I give rather than loan. Further, I HELP, not do it for them. If a friend needs 100 bucks and I have it, so be it, I give it. If a friend needs 1000 bucks, I'll help, but certainly not give it all. I never expect the money back. If I get back, I give it away again.


Woody 5 years ago

I loaned a "Friend" $20.00 before. Never saw them again. Best 20 bucks I ever spent.


habee profile image

habee 5 years ago from Georgia Author

Thanks a bunch, Rhonda!


habee profile image

habee 5 years ago from Georgia Author

CJ, that's a good idea!


habee profile image

habee 5 years ago from Georgia Author

Lol, Woody! It wasn't me, was it??

How do ya like Jonathan's bass?


2besure profile image

2besure 5 years ago from Charlotte, North Carolina

I agree that it depends on the friend. If I know the person is probably unable to pay it back, I give it as a gift. That way I keep a friend.


habee profile image

habee 5 years ago from Georgia Author

Me, too, 2besure!


Woody 5 years ago

luved that bass gurl!!!


habee profile image

habee 5 years ago from Georgia Author

Woody, Cory and Jonathan caught 30 in two hours!! I have more pics on my cold water bass article.


De Greek profile image

De Greek 5 years ago from UK

Well now, since your lending experiences have been good up to date, I think I shall pass by and see you about a personal matter :-)))


H P Roychoudhury profile image

H P Roychoudhury 5 years ago from Guwahati, India

It is nice and practical hub. It is true “Lend your money and lose your friend.” -as said by the Scottish proverb. But again “a friend in need is the friend in deed”. It is the friends out of all friends to who to loan is a personal assessment.


Hello, hello, profile image

Hello, hello, 5 years ago from London, UK

A very well worded hub. As you said it depends who it is.


fastfreta profile image

fastfreta 5 years ago from Southern California

Good advice habee. I usually won't loan anything that I can't afford to give, and if I get it back that's a bonus. With that being said I'm a sucker for a sad story and usually my money, what I have of it, will go to the cause, and of course I'm known for that. Anyway I like the advice, and maybe one day I'm implement it.


Pamela99 profile image

Pamela99 5 years ago from United States

Holle, I think these are excellent guidelines for loaning money to a friend. I have had good experience with that but I have only been asked a couple of time. Sometimes relatives can be more complicated. Good hub, rated up


habee profile image

habee 5 years ago from Georgia Author

De Greek, sorry - you'll have to wait till after Christmas. Toys R Us got most of my money! lol


habee profile image

habee 5 years ago from Georgia Author

Too true, HP. Thanks for reading!


nell79 profile image

nell79 5 years ago from United States

I've heard and tend to agree with the saying that you should never loan out more than you can afford to lose. If more people stick to that, then there would be no need to lose friends over this.

I've been at the giving and receiving end for this. Funny enough, it's usually family I don't get paid back by. My friends have been great.

I also make sure that I don't ever borrow more than I can afford to pay back. I wouldn't be able to sleep at night if I thought I couldn't pay a friend who was kind enough to help me.

Great ideas here!


habee profile image

habee 5 years ago from Georgia Author

As is true with most things, HH!


habee profile image

habee 5 years ago from Georgia Author

FF, I'm a sucker for those, too!


habee profile image

habee 5 years ago from Georgia Author

Thanks, Pam. I haven't had any experiences with family - other than my kids. They always pay me back when they say they will.


habee profile image

habee 5 years ago from Georgia Author

Hi, Nell! You sound like a smart lady!


imatellmuva 5 years ago

I have a friend who's an attorney and he says, "If you can't afford to give it away don't lend it!"

The principle is, you should chuck it up as a loss, as soon as the loan is extended. And you should never lend money that you depend on for your own needs. Personally, I've had only two experiences where I loaned money to two different friends and their promise to repay, even with a promissory note and payment plan was not honored. Fortunately, is was not money that I needed to get by, but it was still my money and I wanted it back.

People have a tendency to say whatever it takes to get money, but won't do what it takes to repay! Now that person has to go to different people each time they need help, because of the bridges burned and will ultimately run out of "Go To" people because of the bridges burned.

It shouldn't be difficult really, but at times it is.

By the way...great hub!!!


BRIAN SLATER profile image

BRIAN SLATER 5 years ago from Nottingham Uk

hi- my dad when he was alive gave me this advice-neither be a lender or a borrower be, funny how some stuff sticks and other things get left behind. Good information.


habee profile image

habee 5 years ago from Georgia Author

Imatell, I know what you mean. There are a lot of folks like that, but I've beenlucky to have friends who aren't. lol

Brian, that's good advice, but sometimes it's difficult to follow!


Sembj profile image

Sembj 5 years ago

You've hit all of the important points. Great stuff.


matherese 5 years ago

I find this hub very useful, thanks for the info Habee.


Curtis Aron profile image

Curtis Aron 5 years ago from Metro Atlanta

Great Hub. I loaned money to a friend back in 2003 that still has not been repaid. We are still friends but I will never loan money to a friend again.


Pixienot profile image

Pixienot 5 years ago from Clarksville, Indiana

My theory about loaning money, of which I have little, is: if I can afford to never get it back, loan it and if and when it is returned it's a bonus.

Once, it did cause a huge unrepairable dent in our friendship. Sometimes you think you know someone and sometimes it is not so.

Thank you for the article. Very well written.


melbel profile image

melbel 5 years ago from New Buffalo, Michigan

I've found that when I've loaned money to friends, it's made things weird. I had a friend who avoided me afterward even though I hadn't asked for the money back. Later, he wanted to borrow more and I asked him about the money from before and he got angry with me. It's turned out that he'd borrowed money from all his friends (and never paid them back.) He lost a lot of friendships from doing that. To me friendship is worth more than money so I generally don't ask for it back, but when I'm not repaid, I won't loan to that person again.


MoneyCreator24 profile image

MoneyCreator24 5 years ago

A friend taught me, not lend money to friends. If you ask a friend for money, give it to him as a gift. You do not see it again anyway. To regard it as a gift, relaxes the relationship between you and your friend. If you do not want to give away money, then just let it be. You can also say no. Is allowed.


lender3212000 profile image

lender3212000 5 years ago from Beverly Hills, CA

I think I would give it before I would loan it, it just seems like a recipe for a bumpy relationship.


habee profile image

habee 5 years ago from Georgia Author

Sembj, glad you stopped by!


habee profile image

habee 5 years ago from Georgia Author

Matherese, thanks for reading!


habee profile image

habee 5 years ago from Georgia Author

Curtis, sorry you had bad luck.


Taleb80 profile image

Taleb80 5 years ago

Habee

Thank you for this real life hub.

Actually, I borrow so much from my friends, but I always pay in time.

One time I sold many of my home furnitures to pay one friend at the time without even telling him, as I know he will not accept.

Now as for years, I always pay at time, most of my friends will be ready to support me any amount.

I always ask loan from the friend I know they have & they don't have short term plan for it, & I keep in my heart that I will be ready to sell even "my spoon" to pay him at time.


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motherbeastly profile image

motherbeastly 5 years ago from Argyll and Albox

So much of what you say is true, but it is sad when you lose a friend because you have lent them money. I 'lent' a friend money, never intending to ask for it back because I didn't think her situation would improve. I had just got my grant for uni and she knew I had a bit of money for a change. When she couldn't pay it back she stopped talking to me (embarrassment I think), and never talked to me again, even though I never asked for it. I felt the loss of my friend far more than the loss of my money.


papatrimble profile image

papatrimble 5 years ago from Baltimore, MD

I definitely agree with the idea that you never "loan" to family or friends, it's just better to give the cash if you have it. The idea of having to pay someone back that you know can place strain on a relationship from both sides.


nflagator profile image

nflagator 5 years ago from North Florida

In my opinion, the best rule of thumb is to only loan money IF and when you are willing to forever part with the amount. No matter who you are loaning it to. Money should not be more important than the person you loan it to. That way I don't become resentful if the person fails to return it, or I am delighted when it is returned. Either way, my friendship is not jeopardized.


TattoGuy 5 years ago

Great hub, I would loan money to a friend or family as I wouldn't see them stuck. Yes I have been let down but such is life, I would still help them out. Enjoyed your viewpoints !


katyzzz profile image

katyzzz 5 years ago from Sydney, Australia

I've happily lent money to friends before with no adverse affects, but as I recently had my fingers burned severely, the worst case scenario, I shall not be doing so anymore.

Friends? Who can you trust? Maybe a small amount you can forgive and forget but when it's big time and there is big time deception, it comes as a hell of a shock.


SEO IT! profile image

SEO IT! 5 years ago from Tucson, AZ

I consider my best friends to be completely trustworthy. We've borrowed and paid back amongst each other from elementary school.

A good rule of thumb is that if you cannot afford to give it, don't loan it.


ugagirl66 profile image

ugagirl66 5 years ago from South Carolina

Great hub..


habee profile image

habee 5 years ago from Georgia Author

Pixie, I've heard many similar stories. Sad.


habee profile image

habee 5 years ago from Georgia Author

Melbel, that seems like a good strategy.


habee profile image

habee 5 years ago from Georgia Author

Moneycreator, sorry you had a bad experience. Thanks for reading!


habee profile image

habee 5 years ago from Georgia Author

Lender, I'm sure it could be for many friendships!


habee profile image

habee 5 years ago from Georgia Author

Wow, Taleb, you sound like a really trustworthy person!


habee profile image

habee 5 years ago from Georgia Author

Sad experience, Mother. Have you tried to reconnect with your pal?


habee profile image

habee 5 years ago from Georgia Author

True, Papa. For some reason, I think it would be trickier with relatives than with friends.


habee profile image

habee 5 years ago from Georgia Author

Inflagator, one of my daughters uses your strategy!


dudumodu profile image

dudumodu 5 years ago from FCT,Abuja

I love this piece, especially as I have dreams of writing one on The Art of borrowwing and simply haven't had the time for it.

There is that bit about documenting which my cpmpatriots will find repulsive. Here in Africa, the moment you suggest that any form of business between friends or family be documented, you immedoately make an enemy.

I agree on the following basic principles :

(1) lend only what you can loose

(2) mark it off as a possible loss the moment you extend it.

(3) lend only to people you know well enough for the amount involved.

Nice article on a tricky subject.


habee profile image

habee 5 years ago from Georgia Author

Thanks, Tatto. Guess we're just old softies! lol


roses dreams 5 years ago

nice way of dealing with a tricky subject because i have loaned money to friends some paid back and some didn't


mviadam profile image

mviadam 5 years ago

I've seen the money/friends and family thing break down a ton and it always seems to come back to having clear expectations from the beginning. It reminds me of the Seinfeld episode where Elaine borrows from Jerry to get the apartment above him. Risky business.


ktowers profile image

ktowers 5 years ago from England

thanks for sharing :(


Glemoh101 profile image

Glemoh101 5 years ago

thanks for this great hub , and my reply is .. yes i loan money to my friend if he need it.


Sarah Writes profile image

Sarah Writes 5 years ago from California

Great hub with a lot of good points, and interesting topic. You’re definitely right if you have a friend the situation is bound to come up. My general rule of thumb is only lending money that I can afford not to get back. If I’m down to my last dollars I will not lend it out simply because if I don’t get it back I wouldn’t want to be placed in a bind, also I don’t want to get into a financial dispute with a friend. Look forward to reading more of your Hubs, take care!


phoenix482010 profile image

phoenix482010 5 years ago from Cobourg Ontario Canada

Here,s the rule of thumb ,depending on the amount and time duration short or long term , only lend money out that you can afford to lose or say good by to..meaning if your relative or friend can,t pay it back then consider it a lesson or money you didn,t half to worry about and most times ,it depends on who it is , friend or relative ,i agree with the writer above , it can cause a you to lose a good friend or family ,only you know the risk factor .....


surgimesh profile image

surgimesh 5 years ago from Santa Monica

Nice tips here.. But then, there are always contingencies, aren't they?


Ingenira profile image

Ingenira 5 years ago

Good tips here, well thought of.

And I love your new avatar, so cute !


Halvin Pikavippi 5 years ago

Very nice article mate!


porcupine73 profile image

porcupine73 5 years ago from New York

That's a good point. I don't loan money often but if it's to a friend or family member I tell them it is a gift, not a loan. I just feel it works out better that way.


mikestanton 5 years ago

lets be honest these days no one has any money to lend anyone so to me this hub was pointless


zoey24 profile image

zoey24 5 years ago from South England

Great hub! and very true, i have previously lent a friend money she has never paid me back and we are no longer friends, it is sad that money can ruin a friendship but i have certainly learnt my lesson. Voted up!


crismegirot profile image

crismegirot 5 years ago

hi habee, i enjoyed reading your hub..you've been lucky indeed to have the chance to lend some money and have your friends return them...

i wish i could too but unfortunately it's me needing a friend to lend me some money...lol

keep it up!


tim-tim profile image

tim-tim 5 years ago from Normal, Illinois

Habee, without even reading your hub, I would say no. It always hurts the friendship! Thanks for the great hub though!


Madurai profile image

Madurai 5 years ago from Online

very nice tips for providing loan to friends..


privateye2500 profile image

privateye2500 5 years ago from Canada, USA, London

No - never.

Want to develop a resentment? go ahead.

My concept is simplle - GIVE the money or not - but do Not Ever expect to get it back.

IMO - if you can afford to lend it - then you can afford to GIVE IT.

Giving without expectations leaves you free as a bird and feeling great too.

Lending leaves you wondering...Not good.

If this is a TRUE friend - just GIVE IT FREELY.

If they ever *give* it back - that's their deal. :}

Melanie


Patty Inglish, MS profile image

Patty Inglish, MS 5 years ago from North America

I like what you say about making the loan a gift instead and think it's best. Thanks for the Hub.


Borsia profile image

Borsia 5 years ago from Currently, Philippines

Money loaned to friends, family or others close to you should always be considered a gift. Never lend an amount that is greater than the relationship will bear if it isn't returned. As others have said have a payment plan and all that but be prepared both financially and mentally for problems.

I am an ex-pat who travels pretty much full time and I've lived in a number of countries and cultures.

If you are considering loaning money to any foreigner, especially a love interest this rule should be taken ten fold. Never expect to be repaid,,, ever,,, if it is an amount that you will notice loosing don't even think about it!!


SUSIE DUZY profile image

SUSIE DUZY 5 years ago from Delray Beach, Florida

Thanks for another good hub.


RegStier 5 years ago

Depending on the amount of money concerned I would either give it as a gift, or for something substantially larger I would need to arrange some kind of contract.


DNemesis profile image

DNemesis 5 years ago

Very good points. I stopped lending a long time ago because friends always think its ok not to give back, or they just "forget."


ryankett 5 years ago

I am so glad that you wrote this Hubpage, I was recently in a moral dilemma. I sensed that a friend had been making hints about his financial situation recently in order to encourage me to offer to lend him some money. I did not offer, I figured that if he wanted some money he could ask me. This friend is not good with money, his parents have had to bail him out before, I would have refused to lend it to him. Why? Because he works, earns enough to pay his rent and bills, and his lack of control over money is a greater problem than any percieved lack of money. There are some friends who I would have offered to lend money to, but ultimately I would need to a) know that they genuinely need the money and not simply a change in lifestyle, b) know that they are sensible enough to pay me back at some stage. I would lend money no questions asked to somebody who is a proud person, the type of person that would be embarressed to hold the debt. Those are the types of people that pay you 10% extra without you asking.


Xishan Ansari profile image

Xishan Ansari 5 years ago from Pakistan

good advice and nice hub too thanks


ICollier profile image

ICollier 5 years ago

Good Advice, I try to loan other people money only if I know that it is for a good cause,such as food or fix there cars etc. I normally don't even call it a loan. I give them the money without expecting it back. If they can give it back then great, but if not that is ok. At least I used my extra money on a good cause.


positivevibestech profile image

positivevibestech 5 years ago

Afast track to losing friends is to become their banker. great informative hub


bollandmiller profile image

bollandmiller 5 years ago from So Cal

I never loan money to a friend. If he needs money, its better to give it to him. If you loan it, your friendship might be over because of how "collection" should be handled. It's a very personal subject.


rswebb profile image

rswebb 5 years ago from Orem, UT

I think its too big of a generalization for me to say that I'd never loan to a friend or that I would always loan to a friend. Each situation is unique and in one situation it may be appropriate and in another it may not be.


dpatullo741 profile image

dpatullo741 5 years ago from UK

The guidelines you have provided are fantastic. They have awakened me.

Thanks buddy


worlds_unity 5 years ago

you are the most intelliigent guy]

thank for ur hub

really it would help us


lola oyedotun profile image

lola oyedotun 5 years ago from Calgary

Good topic, i loan a friend money when she deperately needed it,she practically insulted me when i asked her for it. Well she finally gave me but incomplete balance after more than a year. Lession to me is to know each person capability before giving lending next time.


mackwpayne profile image

mackwpayne 5 years ago from Lake Placid, Florida

Years of experience has taught never lend money to friends or relatives. It will lead to loss of friends and uncomfortable Thanksgiving dinners.


habee profile image

habee 5 years ago from Georgia Author

Katy, sorry about your misfortune.


habee profile image

habee 5 years ago from Georgia Author

SEO, sounds like we have similar pals!


habee profile image

habee 5 years ago from Georgia Author

UGA, how 'bout them Dawgs?!


habee profile image

habee 5 years ago from Georgia Author

Good points, dudumodu!


habee profile image

habee 5 years ago from Georgia Author

Roses, thanks for stopping by!


petersimon profile image

petersimon 5 years ago from UK

Nice hub. Depends on the amount... if its a good amount never loan money to a friend... you loose the money or the friend or both.


habee 5 years ago

can i bowwow 1,ooo bucks


habee profile image

habee 5 years ago from Georgia Author

mvi. it can be risky, if you're not careful!


habee profile image

habee 5 years ago from Georgia Author

ktowers, thanks for reading!


habee profile image

habee 5 years ago from Georgia Author

Glem glad you stopped by!


Mandeeadair profile image

Mandeeadair 5 years ago from California

Fantastic Hub!! Great advice!


Juliet Christie profile image

Juliet Christie 5 years ago from Sandy Bay Jamaica

This is a very tricky situation


habee profile image

habee 5 years ago from Georgia Author

Sarah, that sounds reasonable!


habee profile image

habee 5 years ago from Georgia Author

True, Phoenix. There are always risks involved.


habee profile image

habee 5 years ago from Georgia Author

Sergi, always! Just part of life, right? lol


habee profile image

habee 5 years ago from Georgia Author

Ingenira, awww...thanks!


habee profile image

habee 5 years ago from Georgia Author

Porcupine, glad you left a comment!

Thanks, Halvin!


habee profile image

habee 5 years ago from Georgia Author

Mike, sometimes even $20 or $50 can make a difference!


habee profile image

habee 5 years ago from Georgia Author

Thanks a bunch, Zoey!


habee profile image

habee 5 years ago from Georgia Author

chris, I guess I just have great friends! lol


habee profile image

habee 5 years ago from Georgia Author

Tim-tim, loaning money to a friend has always worked out well for me.


habee profile image

habee 5 years ago from Georgia Author

Thanks, Madurai. Love your avatar!


gajanis786 profile image

gajanis786 5 years ago

Very good....in fact to loan or not to loan a friend depends upon the situation in which this loan has been asked....may be this friend in in emergency need of this loan and if you have this amount which you can spare.....why not you should help...after all this is friendship all about.....and on the other hand this should be the borrower's duty to repay this loan amount as soon as possible as per the terms agreed.Thanks.


gvannorman150 profile image

gvannorman150 5 years ago from Newark, New York

I loaned money to a "friend" once. It was quite small, the guy wanted to borrow $20, I said yes...the place where we worked fired him the next day. Never heard from him again :)

I agree with Shakespeare


habee profile image

habee 5 years ago from Georgia Author

Hi, Melanie. Hope you got my email.


habee profile image

habee 5 years ago from Georgia Author

You're very welcome, Patti!


habee profile image

habee 5 years ago from Georgia Author

Bosia, I love your second sentence!


habee profile image

habee 5 years ago from Georgia Author

Susie, thanks for visiting!

Reg, that's a good policy.


craftybegonia profile image

craftybegonia 5 years ago from Southwestern, United States

I've always heard that money can separate friends. It's great of you to address the topic. It will help people.


ghostberry 5 years ago

I feel, if you are real friends, it shouldn't be a problem. Because if you are a real friend you will make sure that the money is paid back, also if you are real friends the person loaning the money should already know the the other friend's situation.


molson5070 profile image

molson5070 5 years ago from State College, Pa

I hope that situation never comes up. sounds too messy!


JohnBarret profile image

JohnBarret 5 years ago

Good advice and good writing.


not white trash 5 years ago

I think it depends on the situation, I've seen many friendships fall apart as the borrower hasn't paid back in time, and its been fairly obvious they considered smoking, drinking, new un-essential purchases more important than paying the money that was loaned to them in good faith.


Real_Words profile image

Real_Words 5 years ago

I do agree . I personaly have never loaned more then I could afford to loose.


kcreery profile image

kcreery 5 years ago from Whistler Canada

I wouldn't loan money to a friend. If you afford not to get the money back then it's ok.


networkandy profile image

networkandy 5 years ago from Connecticut

Lending money to anyone requires trust. I would lend money to a friend if I knew them enough and if I see they are responsible at home.

Great hub I vote up for this.


Bousquet hockey 5 years ago

yes u should because if you do not and you ask if you can spare a couple of bucks they wont give it to you... it is carma.


Mat Chaudhry 5 years ago

Sure, but not to take it back.


kaoskakimu profile image

kaoskakimu 5 years ago

couldn't agree more! :)


habee profile image

habee 5 years ago from Georgia Author

DN, I don't blame you!

Peter, most of my loans have been relatively small.


habee profile image

habee 5 years ago from Georgia Author

Okay - who's the joker posing as habee? Is that you, Shan??


habee profile image

habee 5 years ago from Georgia Author

Right, Ryan. All my friends are like the ones you describe as "proud." I can't imagine one of them not paying me back - they always have.


habee profile image

habee 5 years ago from Georgia Author

Thanks for reading, Xishan.

ICollier, you sound like a great friend!


habee profile image

habee 5 years ago from Georgia Author

Positive, thanks for stopping by!

Bolland, personal loans to friends can be tricky!


habee profile image

habee 5 years ago from Georgia Author

Exactly, rswebb. It depends on the friend and on the situation.

Thanks a bunch, dpatullo!


habee profile image

habee 5 years ago from Georgia Author

Lola, that sounds pretty smart!

Why, thank you, Worlds!

Mack, sorry you had a bad experience. I've haven't...yet. lol


habee profile image

habee 5 years ago from Georgia Author

Thanks, Mandee!

Juliet, making personal loans can get rather sticky!


habee profile image

habee 5 years ago from Georgia Author

I hope so, Begonia!

Ghost, real friends will pay you back.

Molson, it will prolly come up eventually. lol


Eileen Hughes profile image

Eileen Hughes 5 years ago from Northam Western Australia

Great hub habee, I am normally a trusting soul but once bitten twice shy. So yes you have to be careful.


Trinsick profile image

Trinsick 5 years ago from Cali

I loaned money to my Uncle, and it was difficult. I basically thought of it as I might not get this money back. he payed it back, and I was happy, but i wouldn't have thought of him less if he couldn't.


Make Money While You Sleep 5 years ago

Some friends are worth being helped though. I think i should help a friend in need if i am capable of doing so. It is even better to show him or her how i make my money too..


Zurich11 5 years ago

I think it's usually a good idea to find out why your friend needs the money. If it is an emergency situation I'm generally happy to loan the money, but more often than not it turns out they are getting involved in some weird investment scheme. At least in my experience that's how it turns out.

Thanks for the hub!


jeanie.stecher profile image

jeanie.stecher 5 years ago from Seattle

Well for me, it will depend upon the situation and my friend's needs. If it would be a life and death situation, then I would probably do so. The reason why I would be hesitant to do this because later on, this might be the thing that could break our friendship. Money could be the root of misunderstanding and I don't want to loose a friend.


linda w 5 years ago

I have lend out to close friends because I felt sorry for them when they were in hard times.............

it has be awhile since I lend it to them.

I guess I will never see it again.

snswer ro your question: NO!


Max Clayne profile image

Max Clayne 5 years ago

Nice hub for those who want to loan money to their friends, now we need a a new hub about how to get a loan from a friend .lol


Mamelody profile image

Mamelody 5 years ago

Well unfortunately for me I have lost friends due to that four letter horrible word called "L-O-A-N" I've made it a point to NEVER loan anyone money, I don't care who it is! Lucky for me I don't need to borrow money as I got my own. Not that am being cruel, but I wasn't as fortunate as you Habee in borrowing money to mates.

Otherwise another good hub. Kee 'em coming!


CuTeGiRl1988 profile image

CuTeGiRl1988 5 years ago

I think if you knew the friend for a few years then yeah i would give them the money they needed, but would want to know what they are going to be using it for.


dobo700 profile image

dobo700 5 years ago from Australia

Never loan money to frends


Vcize profile image

Vcize 5 years ago from United States

I see no problem with loaning small amounts of money. Large business-like loans are a disaster waiting to happen though.


habee profile image

habee 5 years ago from Georgia Author

Gajanis, sounds like you're a good friend to have!

GV, he wasn't a real friend, then!


habee profile image

habee 5 years ago from Georgia Author

John, thank you very much!

Notwhitetrash, that happens sometimes. You have to really know the friend well.


habee profile image

habee 5 years ago from Georgia Author

Real, you're a smart woman!

Kcreery, I appreciate your reading and commenting!


habee profile image

habee 5 years ago from Georgia Author

Thanks, Andy! It's all about trust.

Bousquet, I hadn't thought about that, but I do think karma can bite you in the butt! lol


salman404 5 years ago

trustworthy friend never loss your trust when you give loan to him/her. Its all about trust. Give loan how much you can support.

because : A friend ins need a friend indeed


Kwazzy profile image

Kwazzy 5 years ago from Jacksonville, FL

This is one of those topics that can sometimes be awkward! i had a friend once, total moocher... sapped me for everything he could until i put an end to it... great article though! Enjoyed reading it!


lifeinprime profile image

lifeinprime 5 years ago from Catawba County, NC

Great information! Thanks for sharing! Habee, you are blessed that your friends have paid you back. I am usually cautious, as I have been ripped off a couple of times!


Karen @ Ethical Businesses 5 years ago

I have lost two good friends because of lending money to them. I woul dnever do it again to be honest with you as its very awkward having to reing them . Eventually they both avoided me whenever they could unitl I never saw them again. Sad isn't it really?


Awol87 profile image

Awol87 5 years ago from Out and About

Well I agree with you to a certain extent. I, unlike you, HAVE been burned. The general rule of thumb I like to follow for lending money is: "never give out more than you're willing to never see again."


linkon999 profile image

linkon999 5 years ago

Great hub keep on writing


Y not profile image

Y not 5 years ago

Yes.. If you will never need it again.


Bronson_Hub profile image

Bronson_Hub 5 years ago from San Francisco, CA

It's your money, you don't need reasons to justify it. If their friendship is contingent upon whether or not you give them money to borrow, regardless of precautions they offer to set up, perhaps it's time to consider finding new friends.


Rajnil profile image

Rajnil 5 years ago from Ahmedabad, India

Hey..you have written a useful hub but people do take their own decisions based on circumstances. The best thing is to make clear the exact time you want your money back. More importantly, prioritize things and you should know the person better especially dealing with money matters. Money can spoil the best of friendships so always be very clear in terms of lending or borrowing it. You have really put alot of effort and it has paid off. Great hub!!!!


Betty Zeritis profile image

Betty Zeritis 5 years ago from www.passitforwardgifts.com.au

If a friend is in genuine need absolutely, but I have learnt that you need to be careful when you are asked again! People can become dependent on your help and get defensive and angry when you don't continue to give them assistance. I have had a strained frienship or too as it get frustrating on both sides - especially when you observe the person spending on frivoulous things and making no attempt to pay you back or even start to avoid you which is plain unfair. Its a tough one!


gretchenfarricker profile image

gretchenfarricker 5 years ago

I believe that this hub was very well spoken. I truly believe that there are the few exceptions, where a loan is given to a friend in need, and then later repaid, but there are more cases of loans being lent to friends, where it later jeopardized the friendship due to nonpayment. It is critical that you have known the person for an extended period of time, long enough to know their character and whether or not they are trustworthy to be given that opportunity. You may start off by loaning small amounts like $20 here and there, and see if that amount has been repaid first, before loaning larger amounts that would be highly missed much more than the smaller amounts. And, I want to stress that the word loan has been used this whole time, not give. When you give and speak of giving, the other person feels as if this has been given as a gift and does not need to repay. Make sure to stress "loan", when lending out your money and expecting it to be repaid back.


topseoservices profile image

topseoservices 5 years ago from Mumbai, India

Thanks for sharing this hub!!! People will very selective in giving the money.


Yuleluv 5 years ago

My friend itself ditched me over money. This post will help a lot of people.


saduni 5 years ago

If you are really good friends you should, you wouldn't want to disappoint the friend but on the other hand what if they just get away with it? But i'll tell you what don't!


jamil 5 years ago

Hi Rebecca,

seems like you're getting a lot of traffic on this Hub! Good article. I like how clear you made writing and posting on e-zine articles.com. I need to do that and I know it. My traffic is picking up but on any given day I know I have probably 70% of my Hubs that get little to zero traffic. So my traffic probably comes from 30% or fewer really. Hubs I wrote this year are consistent. So my writing has improved with using titles, etc.

Also, MikeNV has a good comment.

I also suggest posting the Hub url to web sites or blogs were you become a regular visitor. Make a commitment for a few months to post once or twice per month.

I'll rate this up.


jamil 5 years ago

Hi Rebecca,

seems like you're getting a lot of traffic on this Hub! Good article. I like how clear you made writing and posting on e-zine articles.com. I need to do that and I know it. My traffic is picking up but on any given day I know I have probably 70% of my Hubs that get little to zero traffic. So my traffic probably comes from 30% or fewer really. Hubs I wrote this year are consistent. So my writing has improved with using titles, etc.

Also, MikeNV has a good comment.

I also suggest posting the Hub url to web sites or blogs were you become a regular visitor. Make a commitment for a few months to post once or twice per month.

I'll rate this up.


habee profile image

habee 5 years ago from Georgia Author

Hi, Mat. Thanks for reading!


habee profile image

habee 5 years ago from Georgia Author

Kao, thanks a bunch!

Eileen, I agree that you must be very careful in this situation.


realsparkler 5 years ago

I think it depends on the friend and the circumstance. Each situation should be evaluated on its own merits. Some people simple aren't good candidates to loan anything to. They have a bad track record and have already proven they aren't reliable or dependable. But, so too, when you make these sweeping generalizations or hard fast rules what happens should you end up being the one on the asking end? Wouldn't you want your close friend(s) to be there for you? After all, you wouldn't be asking unless it was a dire circumstance, right? If you're a trustworthy person and intend to make every effort to repay the loan than your friends should expect you'll be a person of your word. Loaning money gets a bad rap because too many unscrupulous people take advantage of others and make it hard on everyone. Life happens and true friends should be there for each other when the chips are down. That door swings both ways and sometimes you are getting something out of the friendship far more valuable than money.


habee profile image

habee 5 years ago from Georgia Author

Makemoney, that's a great idea!


habee profile image

habee 5 years ago from Georgia Author

Zurich, I don't think I'd loan money to a friend for some weird investment scheme, either!


habee profile image

habee 5 years ago from Georgia Author

Jeanie, it's a tough decision, for sure.

Linda, sorry you got burned.


habee profile image

habee 5 years ago from Georgia Author

Funny, Max! Maybe you could start by getting a very small personal loan from a pal first.

Thanks, Mamelody. Maybe it's because my pals are older?


habee profile image

habee 5 years ago from Georgia Author

Cutegirl, you should def know the person well before extending a personal loan.

Dobo, thanks for reading and leaving a comment!


habee profile image

habee 5 years ago from Georgia Author

Vcize, I agree with your comment. Large business loans are different than small personal loans.

Salman, my feelings are much the same as yours.


habee profile image

habee 5 years ago from Georgia Author

Thanks, Kwazzy. Glad I no longer have any moocher pals! lol


habee profile image

habee 5 years ago from Georgia Author

Life, I'm truly blessed to have such great friends!


habee profile image

habee 5 years ago from Georgia Author

Karen, that is sad. I have no problem making personal loans to pals, as they've always paid me back.


habee profile image

habee 5 years ago from Georgia Author

Awol, that's sound advice!


habee profile image

habee 5 years ago from Georgia Author

Thanks a bunch, Link!


habee profile image

habee 5 years ago from Georgia Author

Ynot, that depends on your friends! lol


habee profile image

habee 5 years ago from Georgia Author

Right, Bronson. I don't think I'd want a friend who demanded personal loans from me! Especially a no-interest loan! lol


habee profile image

habee 5 years ago from Georgia Author

Thanks, Ranjil. I agree that it's important to know your friends extra well before extending a personal loan.


habee profile image

habee 5 years ago from Georgia Author

Sakil, many thanks for reading!


habee profile image

habee 5 years ago from Georgia Author

Betty, the situation you describe wouldn't make me very happy, either! lol


habee profile image

habee 5 years ago from Georgia Author

Exactly, Gretchen - you need to make it clear up front that the money is a LOAN and not a gift.


habee profile image

habee 5 years ago from Georgia Author

Topseo, people SHOULD be very selective in loaning money - and in borrowing money! lol


habee profile image

habee 5 years ago from Georgia Author

That's terrible, Yuleluv! He/she wasn't a real friend, in that case.


mistyhorizon2003 profile image

mistyhorizon2003 5 years ago from Guernsey (Channel Islands)

A so called friend of my Husband's promised to pay £300 to our credit card that he owed my Husband from over 2 years earlier. When we checked the credit card statement a week or so later he had not paid the money. Richard tried to find the guy and was told he had moved from Guernsey to Wales the previous week. Obviously the so called 'friend' thought he had got away with it. Unfortunately for him a friend of my Hubby who had let's say, 'connections', managed to get an address for where this guy had moved to. It just so happened he had moved to Cardiff, which also happened to be where my Hubby's brother lived at the time. Anyway, without saying too much, Hubby's brother paid this 'friend' a 'little visit', got back the £300, plus a further £100 for the inconvenience (the extra £100 Hubby's brother got to keep).

I just love it when justice is done :)


habee profile image

habee 5 years ago from Georgia Author

Saduni, I'd only loan money to a friend once if he didn't pay me back!


habee profile image

habee 5 years ago from Georgia Author

Sparkler, thanks for your thoughtful comment. I like the way you think!


habee profile image

habee 5 years ago from Georgia Author

Misty, I love your account of the loan to a friend. I'm so glad you and hubby got justice!


TheMMAZone profile image

TheMMAZone 5 years ago from Kansas

I agree with what you say about loaning money to friends. Good hub!


Keith Worth profile image

Keith Worth 5 years ago

Nice analysis of the "friends and money" situation. My personal policy has always been never to mix the two if it actually matters to me whether I get the money back or not.

Like you said for those situations where the need is great, though, I'd rather just give them the money without expecting it back then to be expecting repayment and gamble the friendship on it.


MikeNV profile image

MikeNV 5 years ago from Henderson, NV

The correct answer is it is okay to give money to a friend if you want but to loan money to a friend the answer is always no.

But you should ALWAYS feed your pets! :P


mfwalden004 5 years ago

Great post.

I have learned long ago not to lend money. When a friend or family member needs monry and choose to help, I look at it as a gift. I do not expect to get it back, but if they do repay, its like a little blessing.


gfarmer profile image

gfarmer 5 years ago from Canada

I agree that it depends on the friend and on the amount!


ahmiz profile image

ahmiz 5 years ago

I've never personally lent money to a friend nor borrowed from any, but I do have a friend who loaned a substantial amount to his "friend". Let's just say it didn't work out very well and they're not really friends anymore.

I definitely agree you need to be very careful with lending money, even with people you may consider great buddies. Personally, I'd still lend it to my best buddies if they need it. Anyway, thanks for the interesting read.


cletus 5 years ago

this is really a useful information.

to me i give and don't loan. anything i give to my pals i consider it gone. ( don't really know why it is so with me)


janesix profile image

janesix 5 years ago

a great way to lose friends is to borrow or loan money:)


Rastamermaid profile image

Rastamermaid 5 years ago from Universe

If I can't afford to lose it I don't loan it.


sid_candid profile image

sid_candid 5 years ago

I will not loan money to a friend. I may end up losing both my money as well as a friend. Great Hub.


keithalston profile image

keithalston 5 years ago from Fayetteville

trust me its never good to loan money to friends as well as family money cause you will lose both


PegCole17 profile image

PegCole17 5 years ago from Dallas, Texas

It creates a sticky situation when you do loan a friend money and hard feelings when you don't. Suppose you loan someone money and the next time you see them they show you their brand new expensive shoes? hmmm. I agree with the others who say give not loan. Then there are no expectations. "I'll gladly pay you Tuesday for a hamburger today."


dsmythe profile image

dsmythe 5 years ago

I wouldn't loan money to a friend just because I have no money to loan.


BIZN4MER profile image

BIZN4MER 5 years ago

I don't like loaning money or property out to my friends because it seems like when you loan your things out, property is 9/10th of the law so in time they feel like they own it. My name is Bizn4mer, and if you need a TRUE FOLLOWER then FOLLOW me NOW. Don't worry I wont ask you to loan me anything.


austinhennry profile image

austinhennry 5 years ago from USA

I feel its good to help friends in their critical situations. The ideas you have suggested are good and interesting.


wheelinallover profile image

wheelinallover 5 years ago from Central United States

I made the mistake of loaning a friend money I couldn't afford to lose. I was never repaid and really felt the crunch. I won't make that mistake again and since half my monthly income is going to pay off a bad investment I don't think anyone will be borrowing anything from me for quite a while. My bad investment was an internet business website and the training to get it set up. I was told I would have the money by the time I needed it, not even close, so be careful.


habee profile image

habee 5 years ago from Georgia Author

Zone, thanks for reading!


6 String Veteran profile image

6 String Veteran 5 years ago

What grade is the friendship? If the relationship is that fragile that a couple of bucks can jeopardize it then I wouldn't consider a friendship. So I think before the question can be effectively answered, FRIENDSHIP needs to be defined by each.

I've been in a situation where someone I barely knew went out of their way to give me back $20. I would have gladly given it to them.

Another time--my last example for those waiting for me to quit this--my 'best' friend did not attend my wedding (and it's not like this was my 5th one LOL). That was far worse than losing a $5k or $10k loan. Even though, I'll admit, I've never lent such an amount...but DAMN THAT HURT, believe that.

Finally, be ready to GIVE to a real friend, unless it's a large amount that you can't offer as a gift.


habee profile image

habee 5 years ago from Georgia Author

Keith, nice to have you as a visitor to my hub!


habee profile image

habee 5 years ago from Georgia Author

Mike, my pets don't allow me not to feed them. If I did, the Great Danes would take my food! lol


smartnet profile image

smartnet 5 years ago

Well Said My Friend, Thanks

I have lent money to friends before but been very careful!!!


habee profile image

habee 5 years ago from Georgia Author

MF, can I be your new best friend?? lol


gkjand 5 years ago

Amazing share.. Generally I give loans to my close friends when they are in need, and they return it back within a week. So, I trust them. :)

I guess everyone should also trust your close friends atleast..

Wap54G


habee profile image

habee 5 years ago from Georgia Author

Definitely, gfarmer!


habee profile image

habee 5 years ago from Georgia Author

Cletus, that seems to be a popular philosophy!


habee profile image

habee 5 years ago from Georgia Author

Jane, I think that def depends on the friend!


superyoss profile image

superyoss 5 years ago from Sidoarjo, East Java, Indonesia

In my opinion, we must be careful with our money, because some of our friend did not have a good will to return that money!


habee profile image

habee 5 years ago from Georgia Author

Mermaid, thanks for stopping by!


habee profile image

habee 5 years ago from Georgia Author

Sid, that sometimes happens, unfortunately.


ScottMadiJack profile image

ScottMadiJack 5 years ago from Philadelphia, now living in Delaware.

Ive never had a problem loaning money to friends, its loaning money to FAMILY that gives you the real punch in the face!


Darrencall profile image

Darrencall 5 years ago

depends how much


soneblom profile image

soneblom 5 years ago from South Africa

Depends, you got to be sure about the reason for the loan if its not for something important, then think carefully before it becomes a habbit.


CMattingly4303 profile image

CMattingly4303 5 years ago from Dallas, Texas

I always go by the old addage... Don't lend out money unless you are ready to never see it again


aproduk profile image

aproduk 5 years ago from Kingston N.Y.

I agree with CMattingly4303 dont lend money you cant afford to loose,


snoor profile image

snoor 5 years ago from Leeds

good advice and nice hub too thanks


spirit7 profile image

spirit7 5 years ago

Great information.Very interesting

Credit Repair Lawyer


Bijosh profile image

Bijosh 5 years ago from from the cosmic sea, sustaining life and radiating purity.

It's a wonderful hub indeed!


Neale profile image

Neale 5 years ago

Only if you don't need to get the money back..


BabyStuff profile image

BabyStuff 5 years ago

We learned the hard way never to loan money to friends. Loaned a bunch to a good friend who then never paid it back and we never see him anymore. I wonder why?


sunh lee 5 years ago

hmmmm.....


habee profile image

habee 5 years ago from Georgia Author

Keith, I haven't had any problems at all with personal loans I've made to GOOD friends.


habee profile image

habee 5 years ago from Georgia Author

Well, Glen, I don't think I'd be too happy about that, either! lol


habee profile image

habee 5 years ago from Georgia Author

Peg, I love that old saying from Wimpy! lol. Thanks for reading!


habee profile image

habee 5 years ago from Georgia Author

Dsmyth, you're not in that boat alone, my friend!


habee profile image

habee 5 years ago from Georgia Author

Biz, thanks for reading and commenting!


habee profile image

habee 5 years ago from Georgia Author

Thanks, Austin. I agree.


KimberlyAnn26 profile image

KimberlyAnn26 5 years ago

Great Hub. I think I would only loan a small amount to a close friend or family if they really need. I would want to know what they needed it beforehand before loaning them anything.


dstn76 5 years ago

I never loan to family or friends, only give it to them no strings attached if I can afford it


habee profile image

habee 5 years ago from Georgia Author

Wheel, so sorry you had back luck with a loan to a friend. It happens.


habee profile image

habee 5 years ago from Georgia Author

6 String, I mostly agree with your views about loaning money.


habee profile image

habee 5 years ago from Georgia Author

Me, too, Smartnet. Thanks for reading!


habee profile image

habee 5 years ago from Georgia Author

Kethy, thanks for stopping by and leaving a comment!


sreekumar sukumaran 5 years ago

You have so many comments but find no body suggested to restrict loan amount to the capacity of your friend to repay. Giving beyond that you are sure to loose him.


taxinfo profile image

taxinfo 5 years ago from Rohtak, Haryana, India

Where Money comes between friendship there could be a danger to friendship. Friendship can broken in the dealing of money. So try to keep away money from your friendship.


habee profile image

habee 5 years ago from Georgia Author

Gk, I guess you and I are lucky to have trustworthy friends!


habee profile image

habee 5 years ago from Georgia Author

True, Super, but if you're careful choosing your friends, giving small persoanl loans shouldn't be a problem.


habee profile image

habee 5 years ago from Georgia Author

Darrren, the loans I've made have been small.


habee profile image

habee 5 years ago from Georgia Author

Thanks for commenting, soneblom!


habee profile image

habee 5 years ago from Georgia Author

CMatt, that's always a good guideline!


jamiecoins profile image

jamiecoins 5 years ago from ireland

wow great information


habee profile image

habee 5 years ago from Georgia Author

Aproduk, I agree, and thanks for reading!


habee profile image

habee 5 years ago from Georgia Author

Snoor, I appreciate that!


habee profile image

habee 5 years ago from Georgia Author

Wow, bijosh - thanks!


habee profile image

habee 5 years ago from Georgia Author

Neale, that's sometimes true. Sad, but true.


habee profile image

habee 5 years ago from Georgia Author

Babystuff, that's terrible! :(


habee profile image

habee 5 years ago from Georgia Author

Sunh Lee, does that mean you're thinging about making a loan or getting a loan? lol


habee profile image

habee 5 years ago from Georgia Author

Kimberly, lots of folks feel the same as you do.


Sa`ge profile image

Sa`ge 5 years ago from Barefoot Island

I have only two rule about loans. First of all I do not make get one unless it is an emergency and i can pay it back within a week. and this is for sure knowing that i can and will. which means i rarely have any need to in my life time. The second concerns me loaning out to others, if I have enough to loan out with out even thinking of getting it back, then I will, If I have to even think of when i will get it back then NO, is the answer.

Never loan any money out if you even have to think about getting it back! Plain and simple, you will never regret giving out the money. and if you get any back, well you will be extremely happy about it. :D aloha


Hound Cat profile image

Hound Cat 5 years ago from Los Angeles area of Southern California USA

I just finished a Hub on lending to friends. For me I do not recommend it. I really was given some excellent advice by you on who to lend to, if at all. Keep your lending amongst friends you know well. Sage advice! My older brother always seemed to be lending acquaintances money. They always owed him something right up to his death in 2/2008.


DavitosanX profile image

DavitosanX 5 years ago

Wow! Congratulations on this hub! It has been really popular. In this topic I would simply say: Don't lend money that you can't afford to lose.


myhoppest tool profile image

myhoppest tool 5 years ago

Amazing post.I like to read your article.Anyway,thanks a lot for the work


beautifuldill 5 years ago

Ladies and gentlemen of the jury i wish to fathom wid you that march 1st does NOT exsist. it needs to be replaced wid feb. 29th THEN skip 2 march 2nd. here's YYYYYY. march is the third month in DA year (3), if you skip march 1st you get march 2nd (2). 3-2= 1 (1). the numbers r in descending order 3,2,1. not to mention the 29th has DA numbers 2 and 9 2+9= 11, wut year ish it?? 2011!!! Fathom me that richie!!


Chris Crow profile image

Chris Crow 5 years ago

Tough question. Great hub.


bloggering profile image

bloggering 5 years ago from Southern California

Great hub! I personally don't think you should. It will change the dynamics of the relationship. You'll also find out who your true friends are pretty fast if they resent you for not lending them money. Parents lending money is okay if it's a real emergency.


talktofast 5 years ago from England

if a friend asks to borrow money i feel bad refusing to help but at the same time why should i ? The friend is only short of cash because he lent money to someone else, who then did not pay him back on time. He then got a £30 fine from his bank for a missed direct debit due to insufficient funds in his account. Im usually laughing at this point as i remember all the the times so called friends borrow a small amount of money only never to return it. Those days are gone and im offended if anybody asks to borrow from me these days. But if there are any hubbers who would like to send me £50 notes on the understanding that it will never be returned more the fool you.


Jenny Calender profile image

Jenny Calender 5 years ago

Always expect to "not" get the money back, and you'll be OK.


Harshit Singhal profile image

Harshit Singhal 5 years ago from The Land of Spices

An interesting and thought provoking hub.


Ashley 5 years ago

I loaned a friend 3,000 for school. Never saw that money again. Should have gotten it down in writing. Never saw the friend again either. Guess that's what happens when you are young and naïve. Best 3,000 I've ever spent. I learned a lot from that!


stripedcandy profile image

stripedcandy 5 years ago from Canada

A classic debate. It's hard to say no at times, but sometimes it needs to be done.


cheerfulnuts profile image

cheerfulnuts 5 years ago from Manila, Philippines

Great advice! Thanks for sharing.


ranger2010 5 years ago

Great advice. Its wonderfoul


azurahalla profile image

azurahalla 5 years ago

Great hub, thanks for sharing.


WilliamKovacs 5 years ago

I have a friend who's an attorney and he says, "If you can't afford to give it away don't lend it!"

quote and I agree. Never loan out what you cannot afoord to lose.


beautifuldill 5 years ago

Dont any of you care about March 1st???


SaraMarieJames profile image

SaraMarieJames 5 years ago from Louisville, Kentucky

I've had friends who have loaned money to other friends and it didn't end up well. I think it's a bad idea all together. Money is one of those things that can ruin a friendship.


aefrancisco profile image

aefrancisco 5 years ago from somewhere down the road

This is great! Its really better to give than just to receive. :)

Thanks for the hub :)


jadajacoby1 5 years ago from malaysia

thank for this hub.. it great for me..


ubalildon profile image

ubalildon 5 years ago

i can only loan money to a friend if i trust him


The Frog Prince profile image

The Frog Prince 5 years ago from Arlington, TX

Excellent advice and well written.

The old adage about not doing business with family or friends bleeds over into don't become the bank for them either. If things go south, it's never a pretty sight.

Up and away.

The Frog Prince


ironbutler profile image

ironbutler 5 years ago from Weaverville, NC

i agree with imatellmuva lending money espcially with your friends is something you shouldn't do it ruins friendships far to easily


joiledireks profile image

joiledireks 5 years ago

Never load money to a friend. I would even include family members as well.

If it seems like there is a good reason or exception, then in that case - DO NOT loan money to a friend (or family member)!!!


Elena 5 years ago

I would loan to friends and family members who are dependable and trustworthy. It is when you loan to friends and familty members who are not, can cause problems and mar relationships.


tigerman55 profile image

tigerman55 5 years ago from Kemer, Antalya, Turkey

I trusted what I thought was my best friend in Turkey where I live, but he turned out to be nothing more than a conman who cheated his friends, wife and family. Due to my foolishly trusting him and not knowing Turkish law I have lost not only all my money but my car as well. When I lent him money he gave me cheques to cover the money I had lent him. what I later found out was that Turkish cheques are only valid from 10 days of the date on them. He had told me that he was divorced from his wife and had a big settlement coming to him, which ? thought was a guarantee that I would have no problem getting back my money. He became engaged to a very nice girl who like me was shocked when it later came out that he was still married to his wife. So in view of my experience I recommend not lending money to people that you think are friends.


EnjoyYourLife profile image

EnjoyYourLife 5 years ago from New York

You've hit the nail on the head regarding this sometimes sticky issue. Thanks for a great hub!

Janet


Deprem Sigortası 5 years ago

Deprem Sigortas? Hesaplama


tigerman55 profile image

tigerman55 5 years ago from Kemer, Antalya, Turkey

Unfortunately I found out the hard way


doodlebugs profile image

doodlebugs 5 years ago from Southwest

Loaning to friends when proper rules are set forth is one of the kindest things you can do. It can backfire though, but I'd rather help someone in need and take the chance.


tigerman55 profile image

tigerman55 5 years ago from Kemer, Antalya, Turkey

I thought my friend was in need, but he just wanted to get money from me without any intention of paying it back. He did not need the money that I lent him, what he did with the money he cheated from his friends and his wife and family is unknown. He is young enough to start again, whereas I am too old to do so and so have to suffer for the rest of my life.


ewd76 profile image

ewd76 5 years ago from Hanover, VA

I'm not your friend, can you give me some money?

Seriously though, good, informative post.


navasri123 profile image

navasri123 5 years ago

G reat hub.. given good advice... but this not always works....


rontlog profile image

rontlog 5 years ago from England

When I had no money, no-one ever asked me for a loan.

Several years ago, my husband and I sold a house for a small profit, and put the money in the bank for a short while. We never told anyone how much we had but within a short while several family members approached us for loans.

The experience has been an interesting one and you learn a lot about your family, the basis of your relationships with them and their own relationship with money.

Here's what I learnt about my family and relationships

The speculator/gambler - my brother-in-law

My brother-in-law is always on the look out for the next get rich quick idea. He started asking for small amounts of money, which we lent him and he repaid, but we had to say no when he wanted to borrow £20,000 for a house in Thailand which he was having built and was hoping to sell for a profit. Although we would have shared in the profit we felt it was too risky for us. We were proved right, shortly after saying no, the Thai Tsunami hit and it took him ages to sell the house.

I trust him to repay small amounts of money, but his larger requests were too riky for me.

Abusive relationships.

If any of your relationships are in the slightest bit abusive do not tell them about any money you have.

The abuser has a sense of entitlement and will see your money as their money. They will use any trick in the book to get their hands on your money.

It is very hard to stand your ground and continue to say no to someone who is getting verbally and physically abusive when the you won't let them have access to your money.

One member of my family, who has been verbally and emotionally abusive towards me in the past, wanted to borrow £16000 for a valid reason. I said yes as long as it was in writing. They became verbally abusive and tried to make me feel guilty for not trusting them. I stood my ground and they got a loan from the bank instead. However, they continued to try to make me feel guilty about it.

Another family member has been verbally abusive towards me in the past and a couple of years ago kicked me when she got in rage and couldn't get her own way. She has asked me three times to lend her money, each time the amount gets bigger. Each time I say no. I don't want any financial involvement with her. I just said it was difficult to access the money as it was in a notice account and I would lose any interest.

The last time she asked for money, she wanted to borrow £1000 to visit family in Australia. Again I said it was difficult to get hold of the money but the real reasons were a) because she is abusive towards me and b) I knew she has £500 in savings bonds which she could use and and has a credit card which she could use for the other £500.

True to form she went ballistic and subjected me to a barrage of verbal abuse and emotional blackmail. I stood my ground and she has never asked me for money since.

She has since inherited some money so can afford that trip to Australia, but suprise suprise has not yet gone.

So the lessons I have learnt are, whilst I would help someone out if I felt they were really desperate, I would never tell anyone I any spare money.

If someone really needs money, they can go to the bank for a loan. If a bank won't lend to them because they are too risky why should you?


habee profile image

habee 5 years ago from Georgia Author

dstn, can I be your friend??


habee profile image

habee 5 years ago from Georgia Author

Good idea, sreekumar!


habee profile image

habee 5 years ago from Georgia Author

Taxinfo, thanks for your input!


Ken Barton profile image

Ken Barton 5 years ago

My recommendation is to never loan to friend or family; rather, give with a generous heart expecting nothing in return. Give from your heart and let the Lord bless you in return instead.


habee profile image

habee 5 years ago from Georgia Author

Doodlebugs, I feel the same way!


DevBlue profile image

DevBlue 5 years ago from Mauritius

Good Hub. I have had bad experiences in the past on lending money to relatives. I had a lot of difficulty to get the money back and in the process became their enemies. Now my philosophy is to lend very small sum of money to needy people and in my mind I consider it as a grant. I therefore do not get annoyed If I do not get the money back.


habee profile image

habee 5 years ago from Georgia Author

Thanks a bunch, Jamie!


habee profile image

habee 5 years ago from Georgia Author

Aloha, Sage! Thanks for adding!


habee profile image

habee 5 years ago from Georgia Author

Hound Cat, that's sad. He must have had a big heart.

Ahmiz, thanks a lot for reading and commenting!


habee profile image

habee 5 years ago from Georgia Author

Davit, I've been pleasantly surprised at the hub's popularity!


acaetnna profile image

acaetnna 5 years ago from Guildford

Always a tricky subject but you have covered it brilliantly. I would love to be able to give as a gift and not ask for the loan back.


c-bless 5 years ago

Fabulous info in this hub; it was a very good read. A friend once borrow some $$ and actually drew up the repayment contract. It worked out well. Generally, when someone ask and I have it, I give with the expectation of not getting it back. No stress. If it hurts my heart to give it, then I say "no". No stress.


habee profile image

habee 5 years ago from Georgia Author

Myhoppest tool, thanks a bunch!


habee profile image

habee 5 years ago from Georgia Author

Lol, Dill!

Chris, thanks for visiting!


habee profile image

habee 5 years ago from Georgia Author

boggering, thanks for your input! My kids are always getting a loan from me, but they always pay me back.


habee profile image

habee 5 years ago from Georgia Author

Lol, talktofast! Let me know how many hubbers send you $!


habee profile image

habee 5 years ago from Georgia Author

Jenny, excellent advice!


habee profile image

habee 5 years ago from Georgia Author

Thanks, Harshit!

Ashley, sorry you had a bad experience with personal loans.


KateWest profile image

KateWest 5 years ago from Los Angeles, CA

Well done.


myi4u profile image

myi4u 5 years ago from United Kingdom

To me, anything related to money is kind of tricky or risky. I still have that kind of thinking where you won't see either your money or your friend after a loan is given out. What you have said is also right as it depends on the kind of friends who need a loan from you as well as the urgency.


LRCBlogger profile image

LRCBlogger 5 years ago

Great advice on what can certainly be a tough situation.


ravenlt04 profile image

ravenlt04 5 years ago from Atlanta, GA

Very thorough advice about loaning money and great investment advice!


Ddraigcoch profile image

Ddraigcoch 5 years ago from UK

Great hub. My experience is friends soon upset you when they owe you money. Especially when the terms are changed to suit them and screw you!


CZCZCZ profile image

CZCZCZ 5 years ago from Oregon

Great write up, friends and money can be a tough item and you provide a great overview of ways to help make sure it works, thanks.


Balinese profile image

Balinese 5 years ago from Ireland

i used hard to say no when my friend want loan from me - and take me so long to get back my money - so i learned form my experience to NO - and give some money if i have as a gift not to all friends- only my best friend i can do that.

i dont want to lose my friends as i can not buy friends .

explain to them - and try not to fall out .

great hub

thanks


WorkAtHomeGal profile image

WorkAtHomeGal 5 years ago from Nova Scotia, Canada

This is an excellent hub and very informative! Thank you. I just wanted to throw in that my best friend of 15 years borrowed money from me and still hasn't paid it back. Its been 3 years but I let it slid because he is between jobs.

It has caused trust issues and a huge rift between us though, I don't think our friendship will ever be the same. It doesn't make you a BAD person to say no, some people should just never be lent money to begin with.


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TerryXu profile image

TerryXu 5 years ago from New York

Good advice !I think I know how to do when it happen . Thanks ?


anusha15 profile image

anusha15 5 years ago from Delhi, India

Well, I think you could never loose a friend by giving a loan. If the person was ever a true friend, s/he will make sure that the loan is returned, except for some unavoidable situation causing delay. So I agree with you, one should help friends, but be open and honest about conditions. False assumptions and communication gaps cause you friend. After all, friend in need a friend indeed.


Drew Breezzy profile image

Drew Breezzy 5 years ago from somewhere in my mind

My philosophy when loaning money is if you lend someone money, don't expect to get it back.


Thek1ngsway profile image

Thek1ngsway 5 years ago

The more money you make the less value it has . If your poorer friend wants to borrow money and he has a good reason for that that if you give him the money , it will rise in value .

I think the borrowing money its not the end of the world . You can borrow from the bank , but than again there are certain situation when that might not be the best solution (when you need the money urgently etc etc)


habee profile image

habee 5 years ago from Georgia Author

I agree, Candy!

Thanks, cheerfulnuts and ranger!


habee profile image

habee 5 years ago from Georgia Author

Funny, Scott, but sad.

Spirit, thanks for reading!


Bud Gallant profile image

Bud Gallant 5 years ago from Hamilton, Ontario, Canada

Very good hub. I've been in this situation myself. I definitely think it can work, but I'd try to avoid any large amounts personally. This is a good guide for those who are going to take their chances.


Limeline99 profile image

Limeline99 5 years ago from South Carolina

I always lend folks money because I never know when I will be in a bind and they will have to lend me some money. Problem is, I am too proud to ask for help when I need it!


RP1010 5 years ago from United Kingdom

I have lent money to friends in the past and I think that if you are lending money to a friend you have to ultimately be prepared to write the money off.

Would you rather lose a friend or the money - difficult one because some friendships are worth more than money! Of course a true friend would always intend on paying the money back even if it took some period of time to do so.

I'm currently owed about 2k from a friend but he is having a difficult time so I have told him to suspend repaying me for the time being and we'll review it in a month or two.


Miss Paula profile image

Miss Paula 5 years ago

very interesting, this can be a sticky subject, I vote you up.


raystine profile image

raystine 5 years ago

I agree! I'm always a sucker for lending people money though and it hasn't ended too well..Money and friendship don't always mix and can make things awkward if the worst happens.


ripplemaker profile image

ripplemaker 5 years ago from Cebu, Philippines

Hmmm let me see, when I lent a friend some money she got offended that I couldn't let her borrow the entire amount she needed. She never paid me for the money that she owed me. :(


cmdugan profile image

cmdugan 5 years ago from Arlington, TX

I think a good rule of thumb is if you loan money to family or friends you have to think of it as a donation, and if they are good and pay you back it's a bonus.


radavis profile image

radavis 5 years ago from New Oxford, Pennsylvania

Great Hub! Great advice.


katiedid101 profile image

katiedid101 5 years ago from Rural Iowa

I really think that you have given some good advice on this topic. It is so hard to determine whether lending money to a friend is wise, but if you know they have been honest and trustworthy, you can give a shot. Now family on the other hand.... Great Hub!


cephla profile image

cephla 5 years ago from India

Interesting hub. You've offered some really good advise. I myself stay away from loaning money to people I know. It really hasn't ended well for me in the past.


peterhark69 profile image

peterhark69 5 years ago from Canada

Great tips you got here. Really some very good advise you shared in here. I have been allowing some friends in the past to loan money but unfortunately, few of them didn't really pay back. After reading this, I know I was to blame myself because I trusted the friend so much that we didn't make any terms. Really great hub!


Luzi Carbon-dean profile image

Luzi Carbon-dean 5 years ago

Great comments are found here. Thank you. I found the answers to my question. Honest answers indeed!.


melanie 5 years ago

I've always found myself in the situation of being the one who needed the funds; though perhaps thats because I'm single, my parents are dead, and I have no family support or friends except for one son.

I do now have in my life a return boyfriend from my youth; he loans me money and I always pay him back, and my son, who has more money that I do also loans it to me and of course I pay him back; the hard thing comes though when you keep running into issues-- people get tired of loaning you money- even if you do pay it back regularly and timely; they start feeling used or start treating you badly for always needing assistance.

I'm also on disability and limited income and continuously try to better myself, but i start feeling worse and worse about myself for depending upon family and my boyfriend-- even if I make every effort to pay them... it really erodes your self esteem after awhile.


cblack profile image

cblack 5 years ago from a beach somewhere

Sometimes you just have to cut people off. My sister for example, I can't give her money because she will blow it partying. But if she doesn't have a place to sleep then I will buy her a hotel room. She is not getting the cash though!


blairtracy profile image

blairtracy 5 years ago from Canada

Great advice. Thanks for writing this hub.


Eileen Goodall profile image

Eileen Goodall 5 years ago from Buckinghamshire, England

I have loaned money to a number of friends that are no longer friends - either because they had no intention of ever paying me back and have disappeared, or they can't afford to pay me back, at which point I don't want it from them, and they're too embarrassed to face me even though I never mention it. I mourn the loss of latter and relinquish the former to their own karma.


VENZKHVAM profile image

VENZKHVAM 5 years ago from Milk way galaxy, trying to find a more adventurous place in another galaxy with my great followers

Habee,

Never ever give it to any body. If at all you are planning to give then do think that it is given for charity dont expect it back. if you expect your friendship or any other relatiuon you have is gone.,


Luzi Carbon-dean profile image

Luzi Carbon-dean 5 years ago

All this being said and done, means I have lost both and I could say, that my own experiences has taught me well and in a hard way. It hurts so much that the people I loved and cared the most hurts me in such a way that I as a person is afraid to trust anyone again. One said, Hey it's only money and as long as you are alive you can always see it or find it again. In a way yes, I will find it again . The sad part was that, my highly unspoken trust went with it. I am a good person. I believed other's are too. But to not see nor hear from a friend or family after a good deed was done deeply violated the person that I am. Trust and respect, values and principles combined. None was done in writing because you trusted this person so much as they have trusted you from the very beginning. Truth hurts but this is what it is for now. I have to live with it. Thank you, Eileen Goodall.


LailaK profile image

LailaK 5 years ago from Atlanta, Georgia

Very Very helpful!!! Thanks. Ohhh, and I love your mentioning of Hamlet!


Rachelle Williams profile image

Rachelle Williams 5 years ago from Tempe, AZ

No, never, nada, nyet! Loaning money to a friend is probably one of the best ways to lose a friend.


DIY Backlinks profile image

DIY Backlinks 5 years ago

Loaning money to my friends has always caused them to get

amnesia so I don't do it anymore lol.


Victoria Lynn profile image

Victoria Lynn 5 years ago from Arkansas, USA

I've been fortunate in that I've always gotten the money back, but it did cause some uncomfortableness in the relationship at time. If you do it, get a check for the money up front dated at a time in the future that they plan to pay you back. That way, you can help out a friend, but you know when you'll get the money back. I just did that with a friend, and it worked beautifully.


georgescifo profile image

georgescifo 5 years ago from India

IMO, we should never load money to friends or relatives as this may harm your relationship in one war or other...in the same way, we should also try to take loan from relatives or friends...


furrypetsparadise profile image

furrypetsparadise 5 years ago

good info


wanjikuG 5 years ago

Thanks so much for this!! I should have read before I gave my cousin 700€ :(


SportsAgencyblog profile image

SportsAgencyblog 5 years ago from Los Angeles, California

I think it is not practical to loan money to a friend unless you have a lot of it to pay back when they fail to pay it.


bjornborgboxers profile image

bjornborgboxers 5 years ago from The Netherlands

This is always a tough question/situation. You wish to help and support your friends, but you don't want money to get in the way.

The same way you should never try to make money from your closest friends/relatives


BethanRose profile image

BethanRose 5 years ago from South Wales

A helpful hub that outlines some key concepts to loaning money to friends. This will be helpful for me and many other people, voted up!


cashmere profile image

cashmere 5 years ago from India

I don't think its ever a good idea to lend money to a friend. Keep friendship and business separate. Its never a good idea to mix the two


cactustze profile image

cactustze 5 years ago

Useful tips! great...


K9keystrokes profile image

K9keystrokes 5 years ago from Northern, California

habee, I wish I had this hub to read a few years ago when I loaned a friend (a 20 year friendship friend)a substantial amount of money...5 digit money. I never once asked for it back or pressured the lendee for payment, the friendship to me was more important. But, as the economy degraded and the reality of being able to pay the loan back became totally unreal, unfortunately no mater how I reassured my friend all was okay, she stopped making contact and the friendship split. Guilt is an awfully big thing to overcome. Today, I really could use the money, but I often call and just say hi never mentioning the money. My hope would be to mend the friendship and just pretend the loan never happened. But my friends pride is much larger than her heart. Sad really. I bear no ill will, only love for her. She is missed in my life and I just wish money was NOT such a creator of negative outcome. I feel really awful that a good deed ended a good friendship. Lesson learned!

Nice hub!

Cheers~

K9


Sigorta Hesaplama 5 years ago

sigorta hesaplama good work sigorta hesaplama


JLBender profile image

JLBender 5 years ago from Greensburg, PA

Great hub. I wish I would have read this a few years ago. I lent a small loan to a friend and he still has not paid me back.


AUPADHYAY profile image

AUPADHYAY 5 years ago from INDIA, UTTAR PRADESH STATE, KANPUR CITY

A friendship remains always unbreakable when the transaction of money took place in any shape between the friends, always be considered in a manner that one should help or give loan to other without it's recovery in a definite time. The other should also remember the amount of loan to be returned back when the friend is in need. This is the aspect of a true friendship but in this era of almost polluted friendship, the definition of principles of a true friendship is changed.


Sarah Daniels 5 years ago

Going through wasn't really easy for me knowing my husband was lying sick in the hospital an there was nothing i could do to help since i had already gone bankrupt as a result of paying the rents, bills, tax, and fees. but thanks to a friend who actually introduced me to one Mr David O'Brian who then lend me some money to carry on.i think you guys should help me to thank God and do contact him if you are in need of some loan,contact him at oceaninternationalloans@gmail.com


Public Relation Officer 5 years ago

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address:customercare.dlf@te96.com

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skgrao profile image

skgrao 5 years ago from Bangalore City - INDIA.

3% to 10% per month here in India,are you saying it is per month or year ?.


firdousi0 profile image

firdousi0 5 years ago from Pakistan

Though my person experience to lend some money is not quite good, but I really like your advice. If I have 100 bucks, there should not be any hesitation for me to give 25/30 out of them to help my friend and that should be interest bearing. Think, if you don't help your best friends, he will be compelled to get interest bearing loan, which ultimately deteriorate his financial position. I Islam usury is unlawful. A scholar was asked by somebody, " I have lots of friends and I want to get rid of them. What should I do?" He replied, "Lend the poorer and request richer to lend you some money."


maxravi profile image

maxravi 4 years ago from India

Thanks for this hub.nice topic.well I personally not in favor of giving loan to a friend until he is close one.same way I avoid taking loan from friend.voted up for this hub!


maxravi profile image

maxravi 4 years ago from India

Thanks for this hub.nice topic.well I personally not in favor of giving loan to a friend until he is close one.same way I avoid taking loan from friend.voted up for this hub!


Trudy 4 years ago

It's very sad that the people closest to us...our friends and family are the one's we should not trust when it comes to money. Just goes to show that when people make no effort to repay a kind loan then they were never true friends or family.

I expect all loans to be repaid because it shows you are a trustworthy friend. If you choose not to pay me back then the money became more important to you than our friendship to keep your word. We are no longer friends if I cannot trust you.


IJR112 profile image

IJR112 4 years ago

I wouldn't loan money to a friend. I've heard of a couple of bad experiences and I wouldn't want to put my friendships in jeopardy.


privatelender 4 years ago

Do you need any kind of loan without any fee kindly contact privatelenders@webmail.co.za for more information


Pamela N Red profile image

Pamela N Red 4 years ago from Oklahoma

Looks like you have a few spammers here.

I've also loaned money to close friends and relatives not expecting it to be repaid. Some have anyway. Like you say we have to treat each individual situation differently.


L.L. Woodard profile image

L.L. Woodard 4 years ago from Oklahoma City

I think you have the right idea about giving money to a friend -- if you have it and know they are not in a position to repay. Many times, this type of person will go out of their way to do other things, too, to demonstrate their appreciation of your actions and of your friendship.

Voted up and SHARED.


editorsupremo profile image

editorsupremo 4 years ago from London, England

It definitely depends on who you are giving the loan to, but sometimes the person to whom you are lending may turn out not to be the person you thought they were!

& why is it that when a friend who has not repaid a loan, say six months after the due repayment date, that the lender is the one who feels bad about asking when they will get their own money back? I've experienced that, and in the end I just let it go and left it to their conscience. A year later, somehow they remembered they owed me and paid me back. No interest though!


DeviousOne profile image

DeviousOne 4 years ago from Sydney, Australia

I think it depends on how well you can trust the person. There were people in high school who would always be borrowing money off other students for lunch with the promise to pay them back. At the end of the day, nothing was returned. For all those who do loan out money, make sure you know who you're giving it to. Great hub.


phteh profile image

phteh 4 years ago from Georgetown

Good hub, I have loan money to friends before and 90% of the time the money never comes back!


Iampankaj profile image

Iampankaj 4 years ago from Bangalore

Hi Habee,

A very nice hub on a very tricky topic.

Most of the times I have also given money to friends when they were in need. But when I ask them for returning the same, they responded in a different manner. their tone of speech also changed. When it comes to paying money to any friend it is an emotional decision. But the way you have expalined this topic is really appreciated. This is a very helpful hub. Thanks for this.


Carloniajames 4 years ago

For loans visit www.2apply4cash.co.cc


princesswithapen profile image

princesswithapen 4 years ago

In one way or another we've all been burnt when the issue of money finds a spot in the near perfect world and concept of friendship. This hub can be a subtle reminder to everyone about some of the things that can go wrong when money exchanges hands; the hands of two friends.

Princesswithapen


louromano profile image

louromano 4 years ago

An interesting and thought provoking hub.


Mr Brown Thomas 4 years ago

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Name:

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Monthly Income:

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Warm Greetings.

Mr Brown Thomas


Tommy Shilubane 4 years ago

Hello,

Are You Desperately in need of a loan help? Have you be denied of a loan

from your bank or any Financial Firm? Do you need financial assistance? Do

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Country:__________________________

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Loan Duration:________________________

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============================

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Best Regards,

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dobo700 profile image

dobo700 4 years ago from Australia

I have always been told don't mix friends, family and finance


DR LARRY SMITH 3 years ago

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Staveron 3 years ago

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Maria 3 years ago

Maria Ibacache

What a surprise I just got a loan from a company called One World groups of company, a friend told me to apply to the company, where he also obtained his loan, because of the advice I was given by the friend who requested the loan in a One World groups of company, and i was offered the loan i requested, so my advice to you all is that a One World groups of company is one of the best companies in the world that gives loan, so if you are in need of a loan you can contact them in their email from the company oneworldgroup.org@gmail.com

thanks

Maria Ibacache


Leary Smith 3 years ago

Are you in any kind of financial difficulties? Do you need a loan clear your debts? Are you a business man or woman in need of funds to expend his/her business? If yes the contact Chris Barry Loan Firm for a fast and affordable at a very low interest rate of 2%, for more information kindly contact us via email: chrisbarryloanfirm@yahoo.com

We anticipate of your interest, thanks in advance.


Sir. Bright Clifford 3 years ago

ความสนใจ ::::: เซอร์ Ma

เราจะ ได้รับการรับรอง ที่เชื่อถือได้ และเชื่อถือได้ อย่างมีประสิทธิภาพ

แบบไดนามิก ได้อย่างรวดเร็วและ เชื่อถือได้ เงินทุน ประสานงาน สำหรับธุรกิจอสังหาริมทรัพย์ และทุก ประเภทของ บริษัท เงินทุน

ระยะยาว จะ จำนวนเงินกู้สูงสุด 5-50 ปี

เรานำเสนอ ประเภท ของเงินให้สินเชื่อ และอื่น ๆ นี้

* สินเชื่อส่วนบุคคล ( สินเชื่อ ไม่มีหลักประกัน )

* สินเชื่อธุรกิจ ( สินเชื่อ ไม่มีหลักประกัน )

* รวม เงินให้กู้ยืม

* การรวมกันของ เครดิต

* ปรับปรุงบ้าน

กรุณาถ้า คุณชอบและ สนใจ ในข้อเสนอ ทางการเงิน ของเรา

กรุณาติดต่อเรา

โดย e -mail: bridgesfirm@gmail.com

โปรแกรมของเรา เริ่มต้นการ ประมวลผลข้อมูลจำนวน

เงินกู้ ตาม

ชื่อ: ___________________________

ชื่อ: ____________________________

ประเภท: _______________________________

สถานภาพ: _______________________

ที่อยู่: ______________________

เมือง / รหัสไปรษณีย์: ________________________

ประเทศ ______________________________

วันเกิด: ________________________

ข้อกำหนดสำหรับ เครดิต : ________________

จำนวนเงินที่จำเป็นต้องใช้ .............................

ความยาวของ สินเชื่อ ________________________

รายเดือน / รายได้ รายได้ต่อปี _________

อาชีพ: ___________________________

วัตถุประสงค์ของ สินเชื่อ _____________________

โทรศัพท์: ________________________________

โทรสาร : __________________________________

ขอขอบคุณ ที่ให้ความสนใจ ของคุณ

ทักทาย :


Mr Tom Mills 2 years ago

I am a licensed financial loan lender based in the United Kingdom seeking to refer a commercial client looking for Funding. If you are interested to receive a low interest loan at the rate of 4% for commercial businesses such as Start-Ups, Expansion, Buy-Out, Real Estate, Renewable Energy, IT, Entertainment, General Aviation Equipment, Army Defense Equipment's & Weapons, Financial Banks,Industry, City and Traffic Security Management Systems, Water Waste Systems, Electric, Biomass Energy, Agriculture Projects, Ethanol, Oil Power Plants and Thermal Power Plants Construction, etc;

Please, let me know your proposal via email:....tommillsloancompany@gmail.com

Mr Tom Mills

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