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Lost friend due to lending money

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Comments

  • soup
    soup Posts: 1,150 Forumite
    Although interest rates have been stable and low over the last 2 yrs you could have got 4% a year, so ask the friend for an extra £40 to cover that.
  • scooby088
    scooby088 Posts: 3,385 Forumite
    My view is never lend money to anyone, but if you do it needs to be a sum that you dont mind losing and a friend that you dont mind losing. Lending money to friends has to be the biggest cause of friendship break downs ever.
  • Pollycat
    Pollycat Posts: 35,940 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Savvy Shopper!
    soup wrote: »
    Although interest rates have been stable and low over the last 2 yrs you could have got 4% a year, so ask the friend for an extra £40 to cover that.

    Although I agree with the sentiment, I don't think the OP could have got anywhere near 4% per annum on £500 over the last 2 years or 18 months.
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