Lending Small amount of cash to friends

[Marty Funkhouser]

Why do I have to chase them to get it back?? Surely the onus is on the lendee to a) remember (regardless of the amount) and b) then ensure that they get the money back asap or whenever it was agreed??

Thats not unreasonable is it?? If you say to forget about it then fair enough the debt is gone but surely its rude and disrespectful to a friendship to not make a point of returning the money??

Or am I being unreasonable?

[generationx]

http://www.enotes.com/shakespeare-quotes/neither-b...

[HOGEPH]

Nope, they are being unreasonable.

[trickywoo]

Never lend money to friends you need to have back.

[Robbo 27]

Every loan I have made to people has ended badly, I ended up losing the money and losing the friend, or in one case, a relative.

[ChunkyloverSV]

Yep learned this the hard way. Never lend friends money.

[Marty Funkhouser]

I was really talking about sub £100 amounts - have you guys lost serious dough?

[Robbo 27]

ChunkyloverSV said:

Yep learned this the hard way. Never lend friends money.

Its also a good way to decline giving the loan, 'I value your friendship too much and every loan I have made to a friend has gone wrong.'

[Morningside]

I sold my old car to my friend that I have known since 1981 and we have always helped each other out. Sold it to him for £750. After 4 months I am still waiting for the remaining £500.

Chased him many times and it's always some excuse or another and then you see him going on long trips to meet some woman or another and showering them with gifts.

Am I pissed off? Yes, I damn well am. It's not really so much the money it's all the bullst and lies.


More surprised as I really thought we were good friends. Never again.

[Marty Funkhouser]

Morningside said:

I sold my old car to my friend that I have known since 1981 and we have always helped each other out. Sold it to him for £750. After 4 months I am still waiting for the remaining £500.

Chased him many times and it's always some excuse or another and then you see him going on long trips to meet some woman or another and showering them with gifts.

Am I pissed off? Yes, I damn well am. It's not really so much the money it's all the bullst and lies.


More surprised as I really thought we were good friends. Never again.

thats a total p!ss take - have you had it out with him?

[Mansells Tash]

Never lend money to a friend that you can't afford to let go of.

Usually the type of person that would ask a friend for money (in my experience) is the type who won't pay it back.

[Fastpedeller]

Yep, don't lend money to friends. Only time I did this (<£100), friend kept avoiding me. After a while I took him aside and explained I valued our friendship, and would understand if he didn't have the means to repay, but "please discuss with me so we know where we are, don't avoid me". Things improved after that and all was well, and he did return the dosh in the end.

[Vocal Minority]

If I had ever borrowed from a friend Paton the back would be a priority - so OP I don't think it's unreasonable.

There's only one friend I would be prepared to lend money to. And I know he'd never ask

[Zoon]

Robbo 27 said:

Every loan I have made to people has ended badly, I ended up losing the money and losing the friend, or in one case, a relative.

This, borrowed some money to a relative back in July.
Tried calling him last month, call ignored.
He had supposedly smashed his phone and couldn't answer calls, yet managed to be active at all hours of the day on Facebook. I confronted him on his driveway just as he was loading the car up to go to the airport on holiday!

He came up with some bullst story that he had been off work and would sort it out.

3 weeks later and nothing still.

[Morningside]

Marty Funkhouser said:

Morningside said:

I sold my old car to my friend that I have known since 1981 and we have always helped each other out. Sold it to him for £750. After 4 months I am still waiting for the remaining £500.

Chased him many times and it's always some excuse or another and then you see him going on long trips to meet some woman or another and showering them with gifts.

Am I pissed off? Yes, I damn well am. It's not really so much the money it's all the bullst and lies.


More surprised as I really thought we were good friends. Never again.

thats a total p!ss take - have you had it out with him?

Yes I have. I get the odd £50 here and there and he told me the sob story of being under heavy tax etc. Then I find out that he brings home MORE than I do!
Last conversation was "sorry, I will make up for it and give you a regular payment every week" .. that was THREE weeks ago.

My partner is really, really pissed off about it and she used to work in a bank and said that I must be offering the best interest rate around as he would never get those rates if he got a loan. She even sent him a right snotty text. Oddly he avoided her last time he popped round.

I have been asked twice "Why don't you take the car back?" There are a few reasons. 1) The mileage would have gone up a lot. 2) It adds another name to the previous owners 3) He uses a car as a builders van so it would have a lot of extra wear. 4) It's the principle of it all.

Then I found out two weeks after I sold it that this lady was saving her money up to buy it and was waiting until she had enough before she asked.

[Composite Guru]

My best mate loaned me £10k for 6 months and I paid it back as soon as I got the money.

I would never borrow it unless I know I would pay it back.

[Willy Nilly]

I have lent a mate a 5 figure sum to buy a used artic tractor unit. The loan is secured on the truck and he pays me by direct debit each month for a better interest rate than I can get at the bank and he's getting a cheaper rate of borowing. Win win.

[Type R Tom]

I've never lent money but often bought tickets and paid hotels, that sort of thing and not got the money back. With another mate we have a "running tab" of £20 here and there for things we have bought each other that never gets paid back but as we both buy each other stuff it all comes out in the wash.

My mate once offered to lend me £2k I was short to buy a car, I decided to get a new bank account with 6 months interest free overdraft, I was much happier that way.

[Robbo 27]

Zoon said:

This, borrowed some money to a relative back in July.
Tried calling him last month, call ignored.
He had supposedly smashed his phone and couldn't answer calls, yet managed to be active at all hours of the day on Facebook. I confronted him on his driveway just as he was loading the car up to go to the airport on holiday!

He came up with some bullst story that he had been off work and would sort it out.

3 weeks later and nothing still.

My brother in law hadnt worked since leaving school. At 24 he got his dream job, to do with film editing ( he is now a film producer). He had to start work at 6.00 am and had no ca to get to work, came to me and asked for £9000 to buy a new car. I agreed, set up a loan agreement which he signed. He ended up buying a £5000 car secvond hand that was nothing but trouble and hi fi equipment for the rest The car went wrong so often that he couldnt afford the loan repayments - at nil interest.

He ended up telling me he couldnt pay it back - sue me if you want.

I should have done.

He was and is a pillock.

[anonymous-user]

Robbo 27 said:

Every loan I have made to people has ended badly, I ended up losing the money and losing the friend, or in one case, a relative.

I never lend money to any freinds for this exact reason, lost a very good freind over it so will never do it again. Explain this to friends. Some understand, some don't.