Lending Small amount of cash to friends
Discussion
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?
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?
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 bulls
t 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?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 bulls
t and lies.More surprised as I really thought we were good friends. Never again.
Robbo 27 said:
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.
Do you still have any contact with him?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.
bunglesprout said:
I lent a mate £200 last year. He was doing a bit of work for me I needed doing, I knew he was skint, so I paid him for the work he'd done, and then lent him £200 on top. Since then, not a thing back. The shame is, I had alot more work he could have done for me that is in his field which would have earned him plenty more than the £200 he owed me. But now he can go and fk himself. It's not so much the not being paid back, just this 'head in the sand' attitude and being incapable of actually speaking to me about it. !!!!
ETA - If I was lending money to my brother, or brothers and sisters in law it would be done so on the expectation that I had no timescale on being paid back. But i'm fortunate that they are pretty good bunch.
Agreed - lending to close family is a completely different kettle of fish.k himself. It's not so much the not being paid back, just this 'head in the sand' attitude and being incapable of actually speaking to me about it. !!!!ETA - If I was lending money to my brother, or brothers and sisters in law it would be done so on the expectation that I had no timescale on being paid back. But i'm fortunate that they are pretty good bunch.
Edited by bunglesprout on Wednesday 16th November 14:35
ashleyman said:
I don't lend money to friends. I never borrow either.
I'll happily buy a meal or a round of drinks or whatever but never ever lend money.
It's a long story but the only person who I lent money to successfully was my mum. She didnt have the available cash to pay (fraud victim) for a course she needed to do. They wouldn't take credit cards so I just gave her the money. She insisted on paying me back which she did.
If your own mum doesn't pay you back then you really are not having any luck!I'll happily buy a meal or a round of drinks or whatever but never ever lend money.
It's a long story but the only person who I lent money to successfully was my mum. She didnt have the available cash to pay (fraud victim) for a course she needed to do. They wouldn't take credit cards so I just gave her the money. She insisted on paying me back which she did.
ooo000ooo said:
Lent a mate £350 to buy the car if his dreams when he didn't get what he expected selling his own car. Was literally what I had left in my account on the promise that I'd get it back 2 days later. Needless to say I got fobbed off for weeks on end and struggled to make ends meet. Icing on the cake was a couple of months later, he knew I was stressed out over money and he announced he had booked a holiday with another mate for 2 weeks in Spain.
May his death be slow and painful.
Absolute ar$ehole.May his death be slow and painful.
garyhun said:
A friend of Mrs G had been saving for a new kitchen for a number of years as the one in the house they purchased was at deaths door. She finally had over £10k and was planning the new kitchen when her sister said she needed a new car for work.
The friend lent the sister £10k on the understanding it would be repaid within 6 months so that the kitchen could be ordered.
2 years later and still not been repaid. The sister also borrowed £2k from her dad and has yet to pay that back after 18 months.
To say it has put massive strain on the relationship is an understatement.
I just cannot understand how some people can be so selfish and underhand.
Its a really insidious way to poison a friendship/relationship. Its absolutely mind boggling what some people think is acceptable behaviour.The friend lent the sister £10k on the understanding it would be repaid within 6 months so that the kitchen could be ordered.
2 years later and still not been repaid. The sister also borrowed £2k from her dad and has yet to pay that back after 18 months.
To say it has put massive strain on the relationship is an understatement.
I just cannot understand how some people can be so selfish and underhand.
K50 DEL said:
As an antidote to all the ar5eholes mentioned in this thread, a good news story...
For various reasons a buddy of mine fell on hard times a few years ago and I ended up paying living and schooling expenses for his wife and daughter (being in Dubai these didn't come cheap), in the final tally he ended up owing me almost £30k
Over the last few years (despite the fact we rarely see each other in person anymore) he has religiously paid me an agreed amount monthly, culminating in a payment last week that concluded the loan.
Whilst I never really had any doubt that he would repay me, it's been very nice to be proved right and lovely that I was able to help a friend at no cost to myself.
Thats what real mates do - its sad that someone living up to what a friendship should be is celebrated!For various reasons a buddy of mine fell on hard times a few years ago and I ended up paying living and schooling expenses for his wife and daughter (being in Dubai these didn't come cheap), in the final tally he ended up owing me almost £30k
Over the last few years (despite the fact we rarely see each other in person anymore) he has religiously paid me an agreed amount monthly, culminating in a payment last week that concluded the loan.
Whilst I never really had any doubt that he would repay me, it's been very nice to be proved right and lovely that I was able to help a friend at no cost to myself.
PS £30k is not a small amount which makes it all the more impressive!
I really can't believe some peoples' attitude to borrowing money.
If a friend lends you money it is then your responsibility to pay him/her back asap. Your friend should never have to ask for it and if you can't you have a duty to tell your mate that you can't and why and when you will get it back to him. Anything else is pi55taking IMO.
I guess the only debate for me is at what value is it ok not to mention it again. If someone lends me 10p for whatever reason I would try to give it back when I had it (no one has ever taken that sort of amount and it feels a bit weird doing it but It just feels weird not at least trying to give it back). If you lent a mate a fiver and he never mentioned it again would it not irk you a bit?
If a friend lends you money it is then your responsibility to pay him/her back asap. Your friend should never have to ask for it and if you can't you have a duty to tell your mate that you can't and why and when you will get it back to him. Anything else is pi55taking IMO.
I guess the only debate for me is at what value is it ok not to mention it again. If someone lends me 10p for whatever reason I would try to give it back when I had it (no one has ever taken that sort of amount and it feels a bit weird doing it but It just feels weird not at least trying to give it back). If you lent a mate a fiver and he never mentioned it again would it not irk you a bit?
Adam B said:
But it's 11 THOUSAND POUNDS not £50
I'd want to know what it's for and a repayment schedule and agreement.
Maybe your financial means are way beyond mine but borrowing 11k from a mate is not normal
Doesn't matter surely - the onus is on the loanee to repay asap not for the loaner to chase them?? The rules are different if you are lending to family too - I would never expect a family member to "forget" about a loan that size.I'd want to know what it's for and a repayment schedule and agreement.
Maybe your financial means are way beyond mine but borrowing 11k from a mate is not normal
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