FinanceCreditLoans
ANSWERS: 40
  • Yes because I could always bug them about it to pay me back
  • no. giving it, maybe, but not loaning it. now, let me explain. i had a friend who asked to borrow money & because of strange cercumstances, i gave it to her. the thing is, i don't expect to ever see it again. i didn't tell her that, of course, but if i do get it back, i just consider that a bonus.
  • Yes, when I have the money to do so.
  • Only if you honestly don't expect to get it back.
  • "Never a borrower or lender be"..I think that was Franklin. No, I don't.
  • I make it a gift, if I can afford it. Most of the time, I get it back.
  • Yes and when its for family and really close friends i give it and don't want it back.
  • I never loan money to friends or relatives..best way to lose a friend or cause friction in a family is to have a debt owed..give it to them..Yes..not loan..if they give it back..great if not..they dont have to avoid me because they feel guilty :)
  • YES, As long as they beleive in becoming my indentured servent.
  • Unless it is only a few dollars then no, I've never loaned to friends and I've only given to family.
  • Yes, if the need is real, not if they want to go blow it on new clothes they don't need. And whatever I give I am ready if things turn out bad for them to not get it back. But I will always help out those that need it, friends or family. And we have done so in the past as they have for us.
  • nooooooooooo
  • Family and friends - if the need and relationship is true - yes. Never lend money to a neighbor, even if that neighbor is your friend.
  • No, I believe in giving money to friends or family, and if they pay me back, cool.
  • Yes, at least once. If I get burned, then no more. But, I also believe in GIVING family the money, if I can afford it.
  • I might loan it to them, but I do it with the idea that I'll never see it again.
  • Yes, if I have it. Anything that's mine is theirs. Family is everything! Unfortunately I don't have as much as I'd like so I could share.
  • NEVER, ever ever if you want it back and want to keep a relationship.
  • Sadly I used to, but my older sister and friend jobar have broken me of this, they never ever payed me back, and through the years ive kept a tally in my mind and they owe me together a bit over $600. That being said as a 16 year old.
  • I have loaned to both friends and family. I make clear that it is, in fact, a loan and try to set up conditions for repayment, but I'm very lenient. I don't give money to family, but rather pay for things as a gift if it's reasonable. (I don't pay for alcohol, cigarettes, etc.) I decided to loan my friend money because I knew that he'd pay me back (he's had some tough financial times, so it's been over a year at this point, but he's working on paying when he can) and the fact that he'd pay it back allowed him to maintain his pride. (He's weird about accepting financial gifts.)
  • here you go
  • I don't mind but I would rather give it to them if they need it. And, if I have it to give at the time.
  • No, they never pay it back. If I have the means to help them then I just give it to them with no expectations of paying me back.
  • It totally depends on the friend. I mean if it's someone who is ALWAYS in a self-induced financial bind and my "loan" or "gift" wouldn't even break the tip off the iceberg, then I don't feel comfortable loaning or gifting my hard earned money. I am married and don't feel that I should be put in that position anyway. If someone has fallen on hard times and I feel that they just need help to keep their head above water, then I have no problem helping within reason, but for someone who is $15K in debt who asks me for $1,200 to pay the rent. I know I won't see that $1,200 again, and you're it's just putting off the inevitable. Who's benefiting from that?
  • I loaned some loan money to my mom one time for what she said was an "emergency".. didn't know at the time that an emergency was that she didn't like the color of the carpet and walls and wanted to replace them.. She paid me back (most of it) but she gave me nothing for interest..my loans kick in next month.. they are student loans.. which accrue interest daily.. my interest is almost $500 a year.. at $11,000...anyway, she let me know that "if I can't pay it the govt can't get it:. She's not that stupid.. they will get it and she knows it.. she doesn't care if I starve or have to be homeless because they take my checks.. because hey she has NEW WALLPAPER and carpet. SO, long story short, HEL L no.. not even if they are starving to death.
  • Yes, under certain circumstance and guidelines. I think that helping each other out is part of being a good family member. Not supporting the lazy and no good, but for some members that fall on heard times and genuinely need money, yes. And it usually isn't a loan but a gift and if they can pay it back later, fine. If not, they are welcome to it. We never loan money we aren't ready to write off.
  • Yes especially family I'd do anything for them so why not :)
  • No...never loan money to friends or family because when they don't pay you back there is always resiment. I've loaned money to a few friends and family members in the past and never got full reimbursment for the loans only partial...and when I ask them for the rest of payment there is always some excuse...I stopped asking for the money 2 years ago it's a lost cause. I've just decided to not buy them a gift when they have birthday's, babyshowers, weddings etc... and deduct the amount of money I would spend on a gift from the debt.
  • It's okay to give money to family and friends, but for the relationship's sake don't expect it back. That way you aren't disappointed if they don't repay it and there isn't any recentment. Not to mention that it will make you feel good that you "gave" something to someone in need.
  • Money kills relationships. Give the money. Family needs it, it shouldn't be a loan. Between friends, give it knowing you won't get it back. People need money for a reason, because they manage theirs poorly. You are just putting a band-aid on a bullet wound. So keep that in mind, you are just helping short term. So give not lend. And I'd minimize the give, because they are in financial trouble for a reason, they spend wastefully in most cases.
  • Friends, well depends on how bad the need is. Family: only to save lives or put food on a table. Any loans for anything else will not be given. It will never come back.
  • NO! It creates problems.
  • It depends. I always support my family and friends. but then you it should be kept in mind that this should not be frequent enough. If its in a habit of a family member or some friend to borrow, then i would simply negate his request. If someone really requires and in genuine need of money, i would be there to help him at the priority. I general I would loan my near and dear ones.
  • only if you can live without it, you know it's a 85% that you won't see Ben Franklin again
  • No, not loaning the money to friends and family. but helping when they need it (obviously the amount depend on how close you are to the person.)
  • TRUST TRUST TRUST IS THE WORD
  • depends on why they would need it
  • Nope. Never do business with friends or family. It never works.
  • Only if you are willing to sue them for non-payment if necessaey. And don't loan anybody anything unless they have the resources to easily pay it back. Loaning family money has a potentially seriously bad outcome. Signing as a co-signer for a family member's loan is just as bad. Those people need co-signers because they don't pay their debts, their co-signers do.
  • I do because I feel badly for them, but its a bad idea. Like Polonius said: Neither a borrower nor a lender be, For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. For those who don't understand the verbage it means never borrow or loan money because you can loose both the money and the friend. And it doesn't help the borrower learn how to budget their money and live within their means. This is the part I struggle with - am I helping them or enabling them to continue their dysfunction? And I never loan more than I can afford to loose.

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