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Lending Money

November 20th, 2006 at 01:18 am

I have a friend who ask to borrow money, of course I said ok but I hate lending money. Yes I know she will pay me back but it will be a while, I'll be lending her $100. She just got a divorce but she always made the comment that if she wants something she is going to get it. Last year when we were hanging out and she was going through her divorce she spent a ton of money (depressed I guess) but I told her it is not good to have a lot of CC debt...I know from experience. Now when ever I talk to her she is always complaining about how much debt she is in. She did get a part-time job but I know it is the cc's that are driving her nuts

Posted in Family/Friends | 6 Comments »

6 Responses to “Lending Money”

  1. PRICEPLUS Says:
    November 20th, 2006 at 02:08 am 1163988509
    1163988509

    If you lend to a friend do so with the expectation that you might lose the loan and the friend. Unless I can take the loss of the loaned money I won't make the loan.

  2. Jay Says:
    November 20th, 2006 at 02:19 am 1163989194
    1163989194

    If you hate lending money, next time don't. They say if you lend money to a friend or family member even, make sure you're prepared to possibly never see that money again.

    Also, I would say if she's not a close enough friend that the friendship would be weakened by her not paying back the loan, I would say it's probably not that strong to begin with anyways--next time don't loan.

    At some point people have to start taking responsibility for their financial actions. It sounds like you have already begun doing so--there is no reason for you to have to take responsibility for someone else's financial mistakes. There is something to be said about true friendship though...you just have to decide if your friend is one.

  3. yummy64 Says:
    November 20th, 2006 at 02:20 am 1163989203
    1163989203

    I have lent money to friends (and I probably will again). I really consider it a gift and if they pay it back it is a bonus - found money for me at that time.

  4. jersey jen Says:
    November 20th, 2006 at 05:20 am 1164000018
    1164000018

    Lending and borrowing have the same consequences. If she pays you back, then it's a good indication that she would pay back next time. But if she ever defaults, then that's it, no more. $100 is relatively small that you don't risk too much. A helping hand, in terms of money, for a needy person, say divorcee, is priceless.

    Maybe she could try
    Text is match.com and Link is
    match.com or
    Text is eHarmony.com and Link is
    eHarmony.com?

  5. Broken Arrow Says:
    November 20th, 2006 at 01:31 pm 1164029505
    1164029505

    I think your friend is my ex. Big Grin

  6. Malejewicz Says:
    February 14th, 2007 at 02:52 am 1171421548
    1171421548

    Since when do friendships come with a Savings and Loan business attached? If people cannot look after their own finances and understand the simple concept of 'opportunity cost' they should not be considered friends.
    Here in Australia nearly every one of my friends has a huge mortgage. I don't. I own my own house outright. It may not be as salubrious as theirs but it is mine.
    I often get asked for loans which are disguised as investments, business ventures etc. I always lose the friendship, perhaps they were never friends.

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