We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Lending money to friends
Options
Comments
-
Unfortunately you have learnt the hard way that mixing friends and money never seems to work out well.
I would plead poverty and ask him for anything just to tide you over. Maybe he would give you some but cannot manage the whole £300. Failing that bombard him with texts, messages and call round as many times as you can so he cannot ignore you. Maybe send an official letter saying you will be applying to the small claims court and that will involve costs etc even if you have no intention of doing so.
Do you have any written evidence of this loan or admittance from him that it was a loan?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.
The 365 Day 1p Challenge 2025 #1 £667.95/£301.35
Save £12k in 2025 #1 £12000/£80000 -
Only lend anyone what you can afford to lose.0
-
london21 said:Only lend anyone what you can afford to lose.
I often post that. As you have said it, I will say a good way to lose fmily/friend is to loan them money.
We have never asked to borrow a penny from anyone. We have lent out to one of my siblings OH.
We got the money back 2 years later it was several k's. They did offer about 6 months in and we said, pay others off and then us.
Best thing, don't lend, don't regret
Thanks0 -
Do you have any written evidence of this loan or admittance from him that it was a loan?0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards