Comments on: Handling Friends Who Borrow Money

By: Philippine Small Claims Court: How To Make People Pay The Money They Owe You

Philippine Small Claims Court: How To Make People Pay The Money They Owe You — Mon, 08 Aug 2011 20:46:06 +0000

[...] Handling Friends Who Borrow Money [...]

By: Billiga lån

Billiga lån — Fri, 03 Jun 2011 13:52:13 +0000

The best thing is to now borrow money to people, but to teach them how to manage it.

By: Felix Alesci

Felix Alesci — Sat, 06 Nov 2010 08:24:11 +0000

You are writing about a seriously matter. It always a problem when friends want borrow money. It is difficult to remember how much it was, if he/she has paid back. If I refuse to borrow money they will get mad at me. If a borrow friend money they will be mad at me when I need the money back. It is a lose lose situation.

Your advices are very valuable, I will come back and read this text more times, so I can remember how to do next time my friends ask for money.

By: Price

Price — Sat, 07 Aug 2010 18:15:40 +0000

Hi Fritz, Up until recently, I’ve been able to resist the occasional request for money from a long term friend (questionable to their motive of “Friend”), but I was caught off-guard… After getting considerable positive promises of senerios common to trying to get your money back, I conceeded… Things went very good for the first two installments, but the third, started having signs of one of the senerios discussed, (Can I pay you $$ and the rest later?) I started feeling anxious at this point and calmly reminded them of this discussed senerio and waited for the rest of the payment plus two additional full payments. I’m waiting…waiting…waiting
They are having a Birthday tomorrow and I’m thinking of sending them a Birthday card with a “contract forgiveness” for the remaining $400.00, cutting my losses and the friendship… What do you think???

By: Fitz

Fitz — Fri, 22 Jan 2010 03:51:48 +0000

Hi alyntoi, thanks for sharing your story. If you want to follow my blog, you can just enter your email address in the textbox at the sidebar under the Welcome section and click “Subscribe”.

By: alyntoi

alyntoi — Thu, 21 Jan 2010 02:45:32 +0000

hi Fitz, been stalking your blog for quite sometime now. I like the topics that you tackled coz i can really relate to it. Some situations even happened to me like this one. A close friend borrowed money from me (its actually my savings) and did not pay. That was 3 yrs. ago and til now its not yet paid. So, that experience taught me a lesson and that’s not to lend money to friends coz if a friend doesn’t pay up it will screw up the friendship. Right now, I focused on becoming financially stable and i really appreciate the tips and knowledge that you impart on your site.

Thanks. by the way how will i follow your blog?

By: newyuppie

newyuppie — Tue, 15 Dec 2009 16:28:08 +0000

Very, very well written! Thank you so much. I am so relieved to have read this after not lending money to a friend. I felt so bad, I didn’t want to hurt his feelings at all, but I also wasn’t comfortable lending money especially because I am also just starting out. My advice to other young people: don’t beat yourself up over it. It’s not a matter of thinking of the best excuse so that your friend will understand your saying no. Stick to your decision, and in the end, your friend will be grateful that you valued your friendship more than money.

By: newbie fan

newbie fan — Wed, 16 Sep 2009 18:11:05 +0000

i wish i had read this earlier before i had an urge to lend my friend some money. the money i lent him wasn’t an amount i was comfortable letting go of. i just hope that he gives me back the money in a month as promised.

By: make money

make money — Wed, 22 Apr 2009 06:35:04 +0000

thanks !! very helpful post!

By: jelly

jelly — Tue, 07 Apr 2009 08:54:03 +0000

hi fits i enjoy reading your blogs and it helps me a lot…..