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HELP! I lent a friend money and they wont pay it back
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For the sake of £50 I'd just let it go and not bother with the stress of it anymore. They're not worth the hassle.
This board is filled with people that lent so-called friends a lot more and never received a penny back.
And also about 10 years ago the same thing happened to me. I lent a so-called friend £200 for the rent. After a couple months of not getting any money back I knew I would not get a penny back. For the amount it was I was not going to bother taking action. But I do wish I had taken his PlayStation 2 and about 30 games as security, he even offered me to take them but I said no thinking I could trust him. Of course he is no longer a friend.
In the grand scheme of things you're pretty lucky you didn't lend him much more.0 -
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Consider it a cheap lesson learned. Never lend friends or family money unless you are happy to never see it again. Not a nice friend to have so you are well shot of him.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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It must be quite hurtful and upsetting for you, OP, not least because you considered this person a "friend" and obviously wanted to help them out.
Unfortunately these forums are littered with the remains of peoples' friendships, where money has been lent in good faith and never returned.
Put it down to experience and vow never to lend money to friends or family again; far better to actually give them the money as a gift and then at least you keep your friendships and family relationships intact.A cunning plan, Baldrick? Whatever it was, it's got to be better than pretending to be mad; after all, who'd notice another mad person around here?.......Edmund Blackadder.0 -
worried_jim wrote: »Karma. What goes around, comes around.
On that basis you'll be happy to lend me ten grand which I have no intention of paying back in the vain hope some vague misfortune befalls me at an unspecified point in the future...?
Didn't think so, so stop spouting such hippy !!!!0 -
ReadingTim wrote: »On that basis you'll be happy to lend me ten grand which I have no intention of paying back in the vain hope some vague misfortune befalls me at an unspecified point in the future...?
Didn't think so, so stop spouting such hippy !!!!
I have long thought that the notion of 'karma' has no basis in reality. It is merely a way of comforting yourself after you've been stitched up like a kipper.I used to think that good grammar is important, but now I know that good wine is importanter.0 -
If £50 is keeping you up at night you have much bigger problems.0
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Nah, you won't be seeing that again.
Lessons learnt and all that
Walk away, that£50is long gone, it'll cost more trying to recover it.
I've done it myself. Yes, you feel duped, but therein lies the lesson; don't ever lend what you can't afford to lose and secretly regard it as a gift from you to whomever.
Tell them you expect it paid in full, but just don't do it again0 -
Been there done that, as a large portion of people can confirm.
In my case it was a lot more money several years ago when my friend ( so called) was in a bit of a fix and asked me for some financial help. I agreed to lend some cash on the condition that I got it back.
Well I'm still waiting and have put it down to bad luck and a very important lesson has been taught.
DONT LEND MONEY TO FRIENDS IT BREAKS THE FRIENDSHIP UP IF ITS NOT PAID BACK.0
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