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Should you lend money to friends?

  1. rfox21 profile image76
    rfox21posted 5 years ago

    Should you lend money to friends?

  2. the girls profile image78
    the girlsposted 5 years ago

    Yes, specially if they really need it. Though sometimes it becomes a gift.

  3. msorensson profile image72
    msorenssonposted 5 years ago

    Lend means the expectation of getting it back. No. Give yes, absolutely.

  4. ZIa Ahmed khan profile image80
    ZIa Ahmed khanposted 5 years ago

    One should help friends in their difficult times without expecting anything in return. This is what I always do.

  5. forall profile image60
    forallposted 5 years ago

    Of course, helping friends is a must.

  6. Express10 profile image87
    Express10posted 5 years ago

    No, once you do your relationship will stand a good chance of changing for the worse especially if your friend is slow to pay, only partially pays, or never repays.
    I recently read a story about a woman who makes over 6 figures a year and bit by bit, friends and family approached her for money. Now she pays bills for her friends and family and it is now her that is suffering financially, on SIX figures. She is single and has no kids. Friends are friends, not children with an allowance. And family should be considered friends (only) when they want you to lend.

  7. Catherine Kane profile image83
    Catherine Kaneposted 5 years ago

    A lot would depend on the nature of the friend and of the friendship, how much money, why there's a need and how important it is to get the money back.

    Borrowing lunch money has different implications than borrowing rent.

    An unpaid loan can hurt a friendship unless you loan w/ the expectation that you may never see that money again and thats ok