What’s your policy when it comes to loaning people you know money?

[Doctor Amadeus]

What’s your policy when it comes to loaning people you know money?

[derpkitteh]

if they're in legit need, i wouldn't mind.

but other than that, i don't like to owe anyone or be owed.

[Deleted]

I'd rather not, both ways. It can get in the way of friendship.

[Lochton]

What’s your policy when it comes to loaning people you know money?

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.

[WskyDK]

I don't loan anyone money.

[Doctor Amadeus]

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.

I like your style yeah I’m the same way but also because without getting a handle on budgeting that shit can get out of hand. The dollar amount is less important than if they have a plan.

[Mittens]

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.

[Guyv3r]

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.

[Freighter]

I'd never do that. If they really need money due to unfortunate circumstances I can give them some but not as a loan.

[Lex Icon]

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.

[Raakel]

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.

[Sanguinerd]

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.

[Biske]

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.

[Rotted]

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.

[PL-Cibo]

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.

Hmm did you know your time invested to find the best deals is worth more in terms of money than the benefit? :P

but yeah, i don't loan ever, in both ways. i someones in the need of food, it's simpler if they just come by and eat with me.

[Hashtronaut]

I checked "I don't" but I would loan my father, or perhaps my brother. That's it though.

[Realitytrembles]

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.

[Gaidax]

Avoid it like plague, it is a giant slippery slope there.

[Lochton]

Hmm did you know your time invested to find the best deals is worth more in terms of money than the benefit? :P

but yeah, i don't loan ever, in both ways. i someones in the need of food, it's simpler if they just come by and eat with me.

Oh, I don't need to invest time to make savings, I sorta remember most the prices on average that I need to pay on certain items, that as well as shopping in 3 different stores to achieve so. Basically a higher saving...

Frugal was the term, right?

[Moralgy]

Very close friends only. My family can't be trusted.