Lending money to a friend

smcqis

Not a chance, if you had of paid the first loan back and would of but defo not now and you still owe me that...is what you say to him

RichGold

The idea of hacking your own feet off with a chip fork sounds more sensible to me than lending him any more money.

You must be mad to consider it.

Tell him you've got some large expenses coming up yourself and can't spare the money.

_Andy_

As per the Grange Hill anti-drugs song from many years ago "just say no"

david39

You should never "lend" money to friends.

If you want to help them out then, in your own mind, you should "give" it to them, whatever terms you come to about repayment.

If you are prepared to "give" them the money and they pay you back, that's great. But if they don't pay you back you are in no worse state than you expected.

If you would not wish to "give" them the money then don't let them have it under any circumstances.

As the OP had to ask the original question, then it follows that they are not willing to "give" the £3,000 - so, question answered.

skintandscared_2

I wouldn't even entertain the thought of lending him any more. And add that you'll be looking forward to seeing your £2k back when he gets that money in June too!

Alexd_2

MentalMinnie wrote: »

Don't do it. If he's made no effort to repay the money you have already lent him, then i doubt he'll bother this time.

ive done this before and it will put serious strain on your relationship as youll be forced to bug them when you need the money back yourself, even if they have a legitimate reason why they cant pay you back

RobertoMoir

On this very forum there is a thread where this is discussed in great length and depth, with many examples of how it can go wrong for the lender and very very few examples(*) of where it's gone right. If you're still unsure after the responses here then have a read of that thread. Quite a few horror stories.

(*) though to be fair, as this is a site that deals with money *problems* people are unlikely to be searching for a place to post about how they leant money to a friend and didn't have any trouble.

iolanthe07

Only do this if you can afford to lose £5000, and are prepared for this inevitable outcome.

dealer_wins

OP you either....

pay it and never see it again OR

dont pay it and have your £3000.


Its a tough one isnt it LOL

immoral_angeluk

The only numbers I would be giving him involve picking up the phone and calling shelter or CAB, and most definitely so not have any £ signs in front of them.