What’s your policy when it comes to loaning people you know money?
What’s your policy when it comes to loaning people you know money?
Milli Vanilli, Bigger than Elvis
if they're in legit need, i wouldn't mind.
but other than that, i don't like to owe anyone or be owed.
I'd rather not, both ways. It can get in the way of friendship.
I am disgusted about loans myself and only ask for a loan when needed to the point of lacking food.
If other people ask me of a loan, I tend to decline depending on what the problem is. If it is in some cases, food, then I'll offer to bring a bag of food as I tend to be quite.. what is the term... When you literally hunt for the best offers to try and save money even though you don't need to? I rather help with a purpose than give money.
FOMO: "Fear Of Missing Out", also commonly known as people with a mental issue of managing time and activities, many expecting others to fit into their schedule so they don't miss out on things to come. If FOMO becomes a problem for you, do seek help, it can be a very unhealthy lifestyle..
I try not to. Most of the time its a mess to have people pay and as someone mentioned it gets in the way of friendship. However, I do loan when someone really needs the money and in those cases, I don't mind if they don't pay me.
Although i don't lend money anymore, it's a good way to judge a "friends" character. People show their true colours at the hour of payment.
Money talks, bullshit walks..
I'd never do that. If they really need money due to unfortunate circumstances I can give them some but not as a loan.
if i know i can trust the person i see no problem lending them some cash if i have it. most people i know would do the same.
Simple rules in life...
- Don't mix money and friendship
- Don't sell your car to a friend
Also, where I life nobody ever seems to go to a friend and ask for a loan. That's kind of an embarrassiment and you'd rather suffer the consequences than asking a friend for money.
Small amounts I couldn't less about, not fussed about asking it back either.
Big amounts I want it in writing and I do want it back when agreed upon but luckily it's only been one person so far and she really needed it.
Spoken agreement for small amounts, contract for large amounts. If I loan someone 20 bucks and they don't pay back, I won't keep pressing after the first time, but if they ever ask again, I'll bring up that they still owe me the previous amount and refuse to give them any more money until they pay the initial amount back. For large sums, fortunately, I've never had to take anyone to court.
It is the mark of an educated mind to be able to entertain a thought without accepting it.
Also, it's should HAVE. NOT "should of". "Should of" doesn't even make sense. If you think you should own a cat, do you say "I should of a cat" or "I should have a cat"? Do you HAVE cats, or do you OF cats?
I've never given a large loan to a friend, but I have smaller ones.
The most I've given was a grand out of the savings so they could get the car. I shouldn't of really done it, but they had a budget of 5000 for a car and at the show room they had a mini for 5800. So was a issue of budget, I did get it back soon after.
Smaller than that has never been more than 100,
I should say my actual friend group is very small and I can count them on one hand of those I trust. I don't have an issue handing anything over and I know I'll get it back. Quite often we buy things between us all and all chip in instantly. For example today, we have the blizzcon ticket, I bought it, one chipped in and the other two are buying me a case of beer so it balances out. We've never across 7 years ever had any issue with money.
I checked "I don't" but I would loan my father, or perhaps my brother. That's it though.
"I don't contemplate, I meditate, then off your fucking head" -Kendrick Lamar
"If you have no sauce, then you're lost. But, you can also get lost in the sauce."-Gucci Mane
"I'm too drunk to taste this chicken"-Colonel Sanders
If they are starving to death and have exhausted all options, I'll take them to the grocery store and load up on items that are on sale or in the dollar section.
Avoid it like plague, it is a giant slippery slope there.
FOMO: "Fear Of Missing Out", also commonly known as people with a mental issue of managing time and activities, many expecting others to fit into their schedule so they don't miss out on things to come. If FOMO becomes a problem for you, do seek help, it can be a very unhealthy lifestyle..
Very close friends only. My family can't be trusted.