Lending People (friends) Money.
Discussion
Not sure if there is a thread running about this, but I have a bit of a problem and am seeking wisened advice from the good folk of PH 
Stupidly (or not) I have lent people money in the past to friends.
The amount lent has never exceeded £400 and there has never been that much difficulty getting it back, the usual 'itll have to be tomorrow/payday as im a bit short' etc...
However there are a couple of people with outstanding amounts, both of whom are close friends and the length of time its taking for me to get my money back is starting to take the piss.
What do I do?
1) Just let it slide lesson learned and never mention it again.
2)Keep pestering.
3) Go and beat it out of them.
4) Call time on the friendship.
Has anyone here had this problem? What did you do?
The floor is open.....
Stupidly (or not) I have lent people money in the past to friends.
The amount lent has never exceeded £400 and there has never been that much difficulty getting it back, the usual 'itll have to be tomorrow/payday as im a bit short' etc...
However there are a couple of people with outstanding amounts, both of whom are close friends and the length of time its taking for me to get my money back is starting to take the piss.
What do I do?
1) Just let it slide lesson learned and never mention it again.
2)Keep pestering.
3) Go and beat it out of them.
4) Call time on the friendship.
Has anyone here had this problem? What did you do?
The floor is open.....
thats not a friend.
I did it once for quite a large sum to a mate. short term thing to cover a mortgage/housebuying problem, it was paid back on time without issue.
I then did it again to someone who was known as a bit of a big financial swinger, was supposed to be paid back inside a week, took 3 months and an incredible amount of stress and hassle to get it back (along with some hilarious excuses|)
I'd never do it again unless was close family.
I did it once for quite a large sum to a mate. short term thing to cover a mortgage/housebuying problem, it was paid back on time without issue.
I then did it again to someone who was known as a bit of a big financial swinger, was supposed to be paid back inside a week, took 3 months and an incredible amount of stress and hassle to get it back (along with some hilarious excuses|)
I'd never do it again unless was close family.
CraigVmax said:
thats not a friend.
I did it once for quite a large sum to a mate. short term thing to cover a mortgage/housebuying problem, it was paid back on time without issue.
I then did it again to someone who was known as a bit of a big financial swinger, was supposed to be paid back inside a week, took 3 months and an incredible amount of stress and hassle to get it back (along with some hilarious excuses|)
I'd never do it again unless was close family.
Yup, thats the reason i lent mine to get them out of trouble at the time, I did it once for quite a large sum to a mate. short term thing to cover a mortgage/housebuying problem, it was paid back on time without issue.
I then did it again to someone who was known as a bit of a big financial swinger, was supposed to be paid back inside a week, took 3 months and an incredible amount of stress and hassle to get it back (along with some hilarious excuses|)
I'd never do it again unless was close family.
That was two years ago and still getting fobbed off with all sorts of excuses to this day.
Never again. Lesson learnt an all that.
Well, its looking like a case of lesson learned.
What really boils my piss is when you see said person out and about, shopping, going on holdays etc... they then try and make you feel bad for asking for whats bloody yours either that or it all goes very 
My own fault I know.
One amounts £50 the other £250 not much to some but it is (was) to me lol.
Ah well as has been said if I cant afford to lose, then dont lend.
What really boils my piss is when you see said person out and about, shopping, going on holdays etc... they then try and make you feel bad for asking for whats bloody yours either that or it all goes very My own fault I know.
One amounts £50 the other £250 not much to some but it is (was) to me lol.
Ah well as has been said if I cant afford to lose, then dont lend.
Christ... I'm owed over £15k by mates, I don't regret lending it to them but there are times I could have done with it.
I treat it as 'written off but not forgotten'. Occasionally one of them surprises me and bungs me some money, occasionally I gently push them and get something back, depends how I feel at the time.
Mostly they remind me they owe it to me so it's no bother, it's when people avoid you because of it I have a problem with it.
I treat it as 'written off but not forgotten'. Occasionally one of them surprises me and bungs me some money, occasionally I gently push them and get something back, depends how I feel at the time.
Mostly they remind me they owe it to me so it's no bother, it's when people avoid you because of it I have a problem with it.
will_ said:
Money to friends and family is a gift. If you get it back, that's a bonus.
I tend to agree with that. Still, it rankles when you lend it and then there's no sign of repayment despite a change of circumstances - and very obvious conspicuous consumption showing ample disposable income - which means they're well able to do so......
I have lent a mate a few hundred before, due to him leaving one job and starting another - bad planning on his part but I could afford it. Had a problem getting it back on the date we said so he gave me 1/2 with 1/2 to follow next payday.
Wanted to do it again, but I fobbed him off as it was because he'd bought a holiday he couldn't afford
What gets me is the people who will often ask for £20 on a night out or something and then expect it regularly - even when they pay it back I hate being treated like a cash machine
Wanted to do it again, but I fobbed him off as it was because he'd bought a holiday he couldn't afford
What gets me is the people who will often ask for £20 on a night out or something and then expect it regularly - even when they pay it back I hate being treated like a cash machine
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