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 11 years ago
How to Say No to a Friend Asking to Borrow Money?
by editorsupremo 12 years ago
Do you think lending a friend money could ruin your relationship?After a couple of mistakes in lending money to friends, I vowed I would never lend again but would rather give them the money so that there would be no arguments about when to pay back, or being put in the position where you feel...
by Shelly McRae 12 years ago
Should parents borrow money from their adult children?
by mamaofthree3005 13 years ago
Can you borrow money with a prepaid card?
by Rastamermaid 13 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 thirdmillenium 14 years ago
To borrow money from strangers if circumstances require it.
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