From a friend ...how quickly do you repay them ?

If you have loaned out $ to a friend how long is LONG enough to wait for repayment ?

Do you feel you should have to ask for the $ back or do you invest trust in them to return the $ you loaned them ?

What would you do if they did not repay you ?

Mach said:

UGH. I've never borrowed money from anyone. Ever.

Sounds liek a rough and shitty sitch Mach.

I'm sure someone'll have a good answer for ya.

i HATE borrowing money. most of the time, if i can manage, i'd rather do without. but usually i only borrow enough that i can repay it by taking them out to dinner or recomping in some way that's easy enough to settle the tab. i've been lucky that i haven't had to ask for any huge loans in my adult life.

SureThing said:

It has been my experience the few times I have loaned select friends money...they repayment was prompt

I haven't borrowed $ from friends either




I am just interested in how people handle it ... my friend here in Asheville is having issues with not being repaid $ she loaned out

I have lent money on many occasions and often times from my own need, i never ask for it back, i figure that if they have it they will pay it.
I really hate money coming between friends and i feel that if i can't bear to lose it i should not lend it.
I guess i leave it to the honesty of the person i lent it to. However communication is the key, if you can't pay it say so, if you have paid it back, make sure the person got it because i am the kind of guy that wont chase it or wont check.
Money sux ass big time and it should and for me never WOULD cause me to lose a friend it just aint worth it.
Friends are worth more than $$$$$

mdiver said:

can i borrow some $

Mach said:

i say if she needs the money, she should contact the person and just very politely say "look, i don't mean to be a hardass, but i'm kinda needing that money i loaned you...do you know when you might be able to repay it?" and if she doesn't need the money right now, maybe just give it a little more time, and when it's been so long that it's kinda ridiculous, then i might apply a little pressure. money's a stupid thing to come between a friendship, though, so i think it's best handled gently...within reason, i guess.

Mach said:

Anx said:

I agree

Mach said:

I have only borrowed money twice, and paid it back within a week both times.
I have loaned money but don't have a timetable it only wrecks relationships.

Mach said:

I've learned through the years that when you let a friend borrow money don't expect to get it back. I do not ask for it, if they don't repay me I never lend them anything again.

Mach said:

karmatornado said:

Very true..

I hate borrowing and/or lending money. All parties in the process are just so touchy about it including myself.

JDINTERACTIVE said:

same here, but if a friend was short, say like at the cinema I pay for the popcorn and drinks

CarrieLee said:

That is close to how I handle loaning $ as well

oldpurple said:

Sure, I usually offer anyway.

oldpurple said:

I usually just put a phone book on his seat.

Mach said:

Concrete boots. A river. Written-off debt.

I've got a pretty close friendship with two people that we both can ask or lend each other money and we know we will pay it back asap. It's never a long term situation. I did have a situation with a friend years ago and they weren't paying me back and I finally said I want the money you owe me. I'm cool for a little while but keep putting me off and then I'm very direct!

I never borrow money from friends. Ew. I've borrowed money from my parents and grandparents, but only when I knew when/how I was paying them back, which I did.