Should I ask my cousin to repay the money I lent her ?

olly300

I've learnt to only "lend" people money for the first time if I can afford it as I always expect to never see it again.

There are a few people family and friends who I will lend money to and borrow money from but that trust was earnt on both sides.

If someone borrows money from you and doesn't attempt to repay it asap then don't lend any money to them ever again and if you think they are going to con another good natured family member into loaning them money tell them your story.

enemes

Of course, ask for it back. A lend is a lend, either that she is taking a lend of you!

liz105

I'd call her/email her asking for it back.

If you dont hear anything from her, or get fobbed off, do the 'concerned' cousin bit and call her parents/your parents and tell them how worried you are because you leant her money and need it back desparately but havent heard from her/are getting fobbed off by her and are worried she's in trouble.

I do that. But maybe Im just mean.

margaretclare

firrybabe wrote: »

I lent my cousin some money 3 months ago on a temporary basis. She assured me she would pay me back 2 months ago and I am still waiting.
She did ring me a few weeks ago but that was to see if she could borrow more money, however I missed her call and by the time I got back to her she said it didn't matter.

I've not heard at all from her since that last phone call and am torn over what to do. I am quite annoyed that she has not bothered to get in touch to even let me know she can still repay me but I don't want to put her under undue pressure or fall out with her by asking her to repay me if she truly can't.

Any ideas ?

Answer to your question 'Should I ask her to repay the debt she owes me?'

Yes.

And don't be silly enough to lend her any more.

Margaret

M.E.

Phone your cousin and ask to borrow £10 more than she owes you. Make it a sob story and immediately needed. You will even go round and pick up the money at once.
Listen to her excuses.
Learn them by heart and use them when you get the phone call when she asks to borrow more from you.

Garnet_Gem

You've learned a valuable lesson but that's not a comfort to you. If you can't give someone money, don't lend it. It breaks friendships and you become the "bad" person for daring to ask for it back. I've given twice to one friend in need but won't give any more because she still spends freely on rubbish. I gave instead of lending as I wanted to keep the friendship but there are limits. She's married so has more money every month than me but most of it has to go on debt repayments. She thinks I'm "lucky".....I'm not but I hate debt.

Newly_retired

Yes, I agree with all those who said you should ask for the money back - and some brilliant suggestions of how to do it. I hope she pays up.
I'm sure the moral of the story is neither a borrower or a lender be - at least not from friends and relatives.
But here's another situation where asking for a loan back was really difficult and hurtful.
Many years ago, a couple I knew were buying a house in need of some renovation. The building society withheld some of the mortgage until the work was done. Not having the funds to get the work done, some friends of the couple kindly lent the money, no strings attached. Wow!
The work proceeded, but in the middle of it the couple's marriage started to break up. The "kind friends" jumped in quick and asked for their loan back. The couple had no way of paying. Fortunately the work was soon completed, the building society paid up and the loan was repaid. But the friendship came to an end.
Some friends!

firrybabe

I've definitely learned a very valuable lesson and am grateful for all the advice.
I assumed my cousin wouldn't take advantage of me but she has. I won't be lending/giving her anymore money.