I'm good friends with a woman who purchased a not-so-decent car and it will be needing $400 in repairs soon. She has no way to pay for it now and her credit is good-I'm not worried about her paying me back. Do you think I should spot her the money?
by 
RamJamBumbleBee
ANSWERS: 6
-
Yes lend her the cash. Why wouldn't she pay you back?
-
I found I only lend money I can afford to lose. When I give it to them I consider it a gift! That way, I don't expect it back and when I see that person, I'm not always thinking they owe me money cause they don't. I gave it to them! Tan if they want to give it back I can either let them or tell them to do the same for someone else.
-
It depends on how much you trust her and how much of a hardship it will be for you to fork over $400. It might not make her happy, but if you do loan her the money get any agreement you make in writing. That way there is no misunderstanding about what you expect in terms of being paid back. Or of she decides to not pay you back, you have something for small claims court. If you really can't afford to loan her $400, you might offer her half that amount just to help and let her raise the rest. I have to ask why she needs a loan from a friend if her credit is good. Why not get a loan? Or use a credit card and pay the amount off? Anyway, if you can afford to spot her the money and you trust her, I see no reason for you not to spot her. Hope this helps.
-
If you’re that worried about it, don't lend it to her. If she can't afford to pay for the car how is she going to afford to pay you back? It’s tough when you are good friends you don't want anything to ruin that. Tell her your concerts and she what she says.
-
If you have seen those episodes of Judge Judy or Judge Joe Brown then you know that putting yourself in a situation like this can lead to small claims court. Try giving her the $400 in exchange for something, so she won't have to owe you later on.
-
Just don't lend people money. It's a good philosophy. It's easy to say no because you can honestly say, look I just don't do that.
larrymcjon 
Thriftymaid RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC