Would you lend a friend money?

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I remember my college days when I gave some money to my room mate and have not heard back about it after even 7 years. Would you lend a friend money? If you already did in past, how was the experience ?
 
Never lend friends or family money unless it's life or death. Take it from me, it can ruin your relationships.
Do you include parents and siblings in this as well. Sounds harsh to me personally.
 
Burned myself before college, in school but I can still be giving if the person on the other side is serious.
 
This reminded me of an incident with a friend many years back.

He said he need $100 for some emergency and he would return the money in a week.

I was wary, but decided to lend him anyway.

True enough he kept his word and returned the money by the 3rd day.

4 months later he had another ‘emergency’ with his car and needed $1200. Without hesitation I lent him the money.

Never heard from him till this very day. That was 11 years ago.
 
If it's very small money, it isn't a big deal. As everyone says, most people suck and won't repay you though. IMHO you only get paid back maybe 33% of the time. And usually you have to ask.

The bigger issue is this though... why do they feel comfortable ASKING you for money? Most people won't ask somebody they respect for money. They ask people they feel they can walk all over. So why does your friend feel comfortable asking YOU should be the question.

-ThopHayt
 
This reminded me of an incident with a friend many years back.

He said he need $100 for some emergency and he would return the money in a week.

I was wary, but decided to lend him anyway.

True enough he kept his word and returned the money by the 3rd day.

4 months later he had another ‘emergency’ with his car and needed $1200. Without hesitation I lent him the money.

Never heard from him till this very day. That was 11 years ago.
Did you remind him ? $1200 is a lot , mine was less than $50 in total so I never reminded.
 
a few bucks here and there doesn't hurt. But I vote against lending a big sum.
 
Some friends are good, some friends are bad.
Good luck finding out who is who. lol

Had both my share of good/bad experiences on that note.
 
He ghosted me. Changed his address and phone number.

I just took it as an expensive lesson on the dangers of Ben Franklin effect :D
Isn't he on Facebook ? And what about tracing him with the help of common friends.
 
My "friends" are a very small group. They are there because I trust them implicitly and I have known all of them for, at the very least, 10 years. My closest friend I have known for close to 20 years (we were at nursery together).

If I cannot trust my friends with something as meaningless as money, I cannot trust them at all. So yes - I would lend to my friends. I would also do it with the understanding that they will not pay me back.

Anybody who is a leach or repeatedly asking for money does not belong in my circle.

TAD
 
And why not lodge a police case, they'd sniff him down.

The police in my country don’t do shit for domestic disputes such as these. They will tell you to just hire some professional debt collectors to do the dirty work. Even then, these debt collectors barely work because they are legal and governed by law.

Illegal moneylenders and debt collectors on the other hand almost always get their money back.
 
Don't lend them money , gift it to them . Lending money to friends is always a bad idea . Someone might get disappointed .
 
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