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Important Don't loan to family or friends

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Carol

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One thing I always recommend is to not usually loan money to family and friends. I can understand in the case of an emergency, but in other situations, it's best to rethink it. I don't like giving loans out to family members and friends, because I don't like being the bad guy when I inevitably ask for them to pay it back. I can loan a few hundred, but it has to be serious if you want me.

You may feel differently, but it's just the way I feel about it.
 

agile

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One thing I always recommend is to not usually loan money to family and friends. I can understand in the case of an emergency, but in other situations, it's best to rethink it. I don't like giving loans out to family members and friends, because I don't like being the bad guy when I inevitably ask for them to pay it back. I can loan a few hundred, but it has to be serious if you want me.

You may feel differently, but it's just the way I feel about it.
I totally agree with you. If you loan a family member, there are high chances of them defaulting. Therefore you should not do it. Or lend out an amount that you can easily handle. Amount you can afford to lose.
 

Erika

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One thing I always recommend is to not usually loan money to family and friends. I can understand in the case of an emergency, but in other situations, it's best to rethink it. I don't like giving loans out to family members and friends, because I don't like being the bad guy when I inevitably ask for them to pay it back. I can loan a few hundred, but it has to be serious if you want me.

You may feel differently, but it's just the way I feel about it.
True. Lending a family member is the biggest mistake i have ever done. He made me invest in a project he had in mind, i borrowed from the bank since my creditworthiness was better. Now the business failed and am left paying the loan alone.
 

Charley

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One thing I always recommend is to not usually loan money to family and friends. I can understand in the case of an emergency, but in other situations, it's best to rethink it. I don't like giving loans out to family members and friends, because I don't like being the bad guy when I inevitably ask for them to pay it back. I can loan a few hundred, but it has to be serious if you want me.

You may feel differently, but it's just the way I feel about it.
You are very right. Lending a family member, or even a close colleague at your workplace is not at a good idea. It will just bring bad blood between you when s/he fails to honor the payments.
 

bomb

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One thing I always recommend is to not usually loan money to family and friends. I can understand in the case of an emergency, but in other situations, it's best to rethink it. I don't like giving loans out to family members and friends, because I don't like being the bad guy when I inevitably ask for them to pay it back. I can loan a few hundred, but it has to be serious if you want me.

You may feel differently, but it's just the way I feel about it.
I totally agree with you @Carol
Lending a family member or a close buddy is NO NO for me. I'd rather s/he hates me for not helping, but we will keep the friendship. I will only offer what I can afford. And oftentimes, i tell them not to pay back because am just helping with little I have.
 

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