A close friend/relative wants to borrow money. What do you do?

[Ex-SD]

Been there…………….done that. publicdefender hit the nail on the head. It’s o.k. to loan the money as long as you understand that most people will NOT pay you back. We live in a different world/times than the one I grew up in. It used to be that your word was your bond and the deadbeats were not so numerous.

p.s.
If you decide to loan the money, it will greatly benefit you to have an attorney (if it’s a large enough sum that you’re loaning) draw up a promissory note and add the cost for the lawyer to the amount that is to be repaid. If they don’t pay and you decide to pursue the matter, that document will greatly enable you to get a judgement.

[davelj]

As others have suggested, don’t lend the money unless you’re willing to lose it all without complaining.

As Stan Grossman commented in Fargo: “We’re not a bank, Jerry.”

[davelj]

As others have suggested, don’t lend the money unless you’re willing to lose it all without complaining.

As Stan Grossman commented in Fargo: “We’re not a bank, Jerry.”

[davelj]

As others have suggested, don’t lend the money unless you’re willing to lose it all without complaining.

As Stan Grossman commented in Fargo: “We’re not a bank, Jerry.”

[davelj]

As others have suggested, don’t lend the money unless you’re willing to lose it all without complaining.

As Stan Grossman commented in Fargo: “We’re not a bank, Jerry.”

[davelj]

As others have suggested, don’t lend the money unless you’re willing to lose it all without complaining.

As Stan Grossman commented in Fargo: “We’re not a bank, Jerry.”

[eccen in esc]

eccen in esc

neither borrower nor a lender be

William Shakespeare

[eccen in esc]

eccen in esc

neither borrower nor a lender be

William Shakespeare

[eccen in esc]

eccen in esc

neither borrower nor a lender be

William Shakespeare

[eccen in esc]

eccen in esc

neither borrower nor a lender be

William Shakespeare

[eccen in esc]

eccen in esc

neither borrower nor a lender be

William Shakespeare

[CVFanGirl]

Ah the good old days of Debtor’s Prison. I think people have always been bad at repaying. Dreams and money don’t mix well.

[CVFanGirl]

Ah the good old days of Debtor’s Prison. I think people have always been bad at repaying. Dreams and money don’t mix well.

[CVFanGirl]

Ah the good old days of Debtor’s Prison. I think people have always been bad at repaying. Dreams and money don’t mix well.

[CVFanGirl]

Ah the good old days of Debtor’s Prison. I think people have always been bad at repaying. Dreams and money don’t mix well.

[Author]

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