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Should I lend money to my friend?
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wanyo
#21 Posted : Thursday, August 12, 2010 6:02:38 PM
Rank: Member

Joined: 9/28/2006
Posts: 102
@My 2 Cents,
If you really want to help your buddy - thats if (s)he in problem, get him to sign a promissory note indicating duration and failure to pay at a given time would attract interest and legal thereon and have witnesses sign.
otherwise just donate the money!
i too
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Horton
#22 Posted : Thursday, August 12, 2010 7:07:24 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
My 2 cents wrote:
My friend has approached me for a loan knowing fully well that I have the funds. How do I proceed? Do I risk our friendship by loaning/not loaning the money? From experience I know he is not fiscally disciplined.



I would tell a fib here.....If you dont lend him money, he might be pissed for a week or two thereafter ur back to normal. If you do however, you will lose ur friendship for good as he will avoid you or there maybe tiffs over payment issues...

so i wouldnt lend him money
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My 2 cents
#23 Posted : Friday, August 13, 2010 1:05:24 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
Thanks for all the replies. I have decided to preserve the friendship and is therefore NOT lending the money.
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Horton
#24 Posted : Friday, August 13, 2010 7:28:47 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
My 2 cents wrote:
Thanks for all the replies. I have decided to preserve the friendship and is therefore NOT lending the money.



Well done!!Applause
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Mtu Biz
#25 Posted : Wednesday, August 18, 2010 12:23:47 PM
Rank: Veteran

Joined: 1/16/2007
Posts: 1,320

Lend to a 'friend'? Whatever happened to giving?

Oh i know..... your definition of friend is the issue.
Sola Scriptura
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The Merchant
#26 Posted : Wednesday, August 18, 2010 4:04:52 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
I think @my2cents already had the answer...he just needed a little push from his little fraternity here. But I agree. DO NOT LEND.
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My 2 cents
#27 Posted : Wednesday, August 18, 2010 4:38:08 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
The Merchant wrote:
I think @my2cents already had the answer...he just needed a little push from his little fraternity here. But I agree. DO NOT LEND.

Indeed. I have my answer and agree with you.
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