Who would you lend money to, if at all?

[changed4life]

Our neighbor (they've lived there for 7 years and we're only casual acquaintences) came by and asked my husband to borrow $150 to pay a tow truck because his daughter had to be towed. He said he had no money in the house and that the tow truck driver would not accept credit cards. I thought it was a crock of bull, but my husband lent it to him anyway. After he told me what he did (although I'm a giving person) I was miffed. He's a former alcoholic (in fact, he might still drink) and irresponsible. I would have never lent him the money.

It's now a week later and still no money. My husband went next door to ask him for it and he gave him some sorry excuses; he had the money then had to use it for something else, etc. Something else??? His first priority should have been to pay us back!

Anyway, he said he'd pay us tomorrow and my husband said he'd like it by tonight. I'd like to see where he thinks he's gonna come up with it. He said he'd bring it by in an hour and it's now and hour and a half. I have a feeling we'll be kissing that money good-bye.

No more lending money for me. If I answered the door, my answer would have been no. I would only lend to a close friend or family member in dyer need or I'd just give it as a gift.

So, who here would lend money and who would you lend it to?

[jamie79]

I will not lend money to anyone unless they have no food in their house in which case I go grocery shopping for them

[Nightshade]

NEVER lend money to a friend, neighbor or a relative if you care
about them at all. GIVE it to them and hope you get it back.

[monkeywrangler71]

I will pretty much lend money to anyone who asks, as long as I don't need it because I always assume I will never see it again.

I used to have a crazy neighbour who would ask for money. Sometimes she paid me back, sometimes she didn't. I didn't really care about the money, I just found it awkward to have to talk to her because she was so batty. I was so relieved when we moved.

[frugal-fannie]

I have helped people out before. My immediate family, close family who was going to loose their house. Most have paid me back. But I had a boss for years jack me and he sounded in dire need and crying. Probably got into drugs, no money and it was significant.One of my best friends for years also like family had to pay the IRS immediately and borrowed up to 4k Havent seen a cent. I asked for it when I needed it, and got a song and dance.I have heard from her relatives she bought a new harley. Now I am just Mad. No more lending for me.

[wulong32]

It is my policy to NEVER loan money to anyone, no matter who they are. If your neighbour would have come over to my house, I just would have told him that I didnt have the cash either.Countless relationships have been ruined over the borrowing of money. As Jamie 79 and Nightshade said, if I were in the position to GIVE, whether monetarily or with groceries, I would. Any financial guru would tell you the same thing. As the saying goes "The borrower is slave to the lender." If someone borrows money from you and never returns it, your relationship will never be the same again.

[Darlene]

It really depends on who's asking & for how much. I have loaned and know that it's a gamble. Know that in reality you are giving money with no strings attached or don't do it. Hopefully they will pay you back in a timely manner.

[lullaby80]

NEVER lend money to a friend, neighbor or a relative if you care
about them at all. GIVE it to them and hope you get it back.

I totally 100% agree with this. Me and my brother were like this when growing up, if I didn't have money and needed something, he would give me money. When I had money and he would need something, he would get money from me. One time he called and said he doesn't have any food. I drove 50 miles to his place and gave him money for food. And no, we were never close. I haven't spoken to him in about two years (the last time I saw him) and if he called me now to ask for money, I'd have no problems wiring some to him. Sorry, a little off the topic.

[frugal-fannie]

I might lend it if I had them sign a contract and pay interest, it will put a crimp on your friendship. But either way it is a lost friendship, unless they pay the money back, so might as well have a signed loan document. If they really have the intent to pay, then they won't mind it.

[Missourimom]

My stepdad
My MIL
My FIL (both my parents passed on,or I would have listed my mom)
My children

[changed4life]

Well, good news. He just came by to repay us.
It's a shame my husband had to put him on the spot to have it returned. He was supposed to return it the following day and didn't.

When he stopped by it was very akward to say the least. He apologized and was on his way.

I know that's the last time we'll loan money to a neighbor we don't really have a close relationship with.

[ilovechocolate]

~~my brother
~~my best friend
~~several of my co-workers (very good friends)
~~a former neighbor
~~some folks from church

[powerfm1]

My friends and family.

I only have one friend that I lend money to (I also give her some and she does what she can to work it off, which is great). She pays back the lent money at the time we agree upon. She's having a rough time and she's a hard worker. I don't mind helping her when I can.

The rest of my friends are very frugal and are pretty well set.

[lullaby80]

Changed4life: I'm glad you got your money back. Too bad everyone felt uncomfortable about it.

[carlitasway]

My grandmother
My mother
My sister
My aunt
My sil
My mil
My dh's grandparents

All of these people I'd happily give money to if they needed it and I had it.