Only if you loan it with the acceptance of the fact that it may not be paid back. If you are doing it as a favor, a gift or act of kindness they yes. If someone not paying it back would potentially cost you an otherwise good friendship, then no. Money is a tricky business with family and friends.
I completely agree with this answer. Thanks for typing out exactly what I had planned to say! I see personal loans I make to family and friends as gifts. If they want to repay it to maintain their sense of self-reliance and self-sufficiency Great!
I would not let my friend or relations borrow money because sometimes if loans don't get paid, it will cause a lot of stress and hatred or unpleasantness. I used to lend my cousin money when she is short of it but now she does not pay it back so I will stop lending her. She took advantage of my being kind to her and never will I lend her any money at all now. Several times I helped her but when I noticed that she took advantage of me, I will never lend her again. I won't lend and I won't ask for a loan from a friend either.
Indeed; yes, if they are truly friends I would not hesitate to lend them money for a period of time at 0 interest. How could one not support a friend in-need?
Nope never because your friend will run away with the money even though you didn`t expect to have the miney return. Its the guilt. I had lost a friend due to this
I've always had the belief that if you loan something than be prepared to never have that money back. For me it's more of a bonus to get my money back from friends/family I loan money too rather than an expectation.
by Shil1978 6 years ago
How to Say No to a Friend Asking to Borrow Money?
by mamaofthree3005 8 years ago
Can you borrow money with a prepaid card?
by Shelly McRae 7 years ago
Should parents borrow money from their adult children?
by thirdmillenium 9 years ago
To borrow money from strangers if circumstances require it.
by Rastamermaid 8 years ago
Is it ever right to ask a single mother to borrow money?Married couples,coupes,family,or friends is it ever okay to ask a single mother to borrow money from her. Isn't her money to take care of her own family?
by borowest 7 years ago
Is it healthy to acquire a loan to service a debt?
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