Lending money - what would you do?

Don't be such a doormat then! And contrary to what you've just said, it seems you do lend a lot more money than most. ;)
Thing is, I don't need it (the money). And those people did. The first lot was to feed a family (literally), the second I'm annoyed about, the last one is to a family member. I would like it back though, out of principle! As they weren't gifts....

Me? A doormat? Oh yes. I have "WELCOME" on my forehead.
 
Well i thank god i have a decent family from some of the previous posted accounts

If any of us in our family needed and asked for money i can only say it would be coming from left right and centre

Families should come first, If you cannot help family out with money then i myself would not call it a proper family

I know if i needed help money-wise my family would have me almost any amount (within reason) in a matter of hours (actually, i've been here n done it lol)

If you have any worries about getting money back then don't lend

Luckily i have a decent family around me, So if it was me it's a no brainer, But just weigh up what you might do
 
Pretty bad. Could be damaging to health.

Also it is very close family.
'Damaging to health' is pretty vague, but if i was in a situation where i could afford to give money (having savings) then I wouldnt think twice of helping out close family, nor would i expect the money back.

I agree with others in the thread who have said family comes first.
 
I would, because I trust my dad (the only immediate family I have left). I know he'll lend me money if I need it.

I've also lent sizeable sums to my fiancee (before we were engaged).
 
Families should come first

Doing the right thing should come first. Parents have to do unpopular things sometimes to help their kids grow up, and it's no different when families/siblings are older.

I understand what you're saying though. It's just that help comes in many forms. Cash is often not the best... it can disguise rather than cure problems.

Andrew McP
 
If my mum or brother needed to borrow money I wouldn't think twice - they could have it as long as I could spare it.
However I personally won't go into debt to help somebody else.
When my dad was still alive I lent him some money on a couple of occasions, a couple of thousand on one and he paid me back as and when he could without any problem.

I've been stung too many times by so called friends.
So friends I'm afraid will get a yes to questions like "Lend me £10 for some lunch" or similar - bigger loans I'm afraid not.
Same goes to extended family - close family unit yes, but as we move further out I'd lend less.
 
Lend what you can afford to lose, give to those who you think will probably be able to one day pay you back and always really think about the reason for wanting to give/lend.

Good luck with whatever you decide.
 
My answer is in Shakespears Hamlet, quoted by Lord Polonius.

I have lent well over £1000 to my younger brother who came crying because he was to have his car reposessed thanks to the girl he was with at the time (she is now his wife) spending all his money on beer and things for herself. He assured me that he would pay it back, but to date has made no effort to do so. We are talking 3 years worth.

He now stands behind me when im buying dinner for example and orders the same expecting me to pay for it and has never in my knowledge bought a drink/meal out for any of my family. In fact, he completely ignores my birthday and Christmas, but goes into a strop when I got him "just" a card and a watch for his birthday.

Tell me that "its only money" when its my turn looking for work and im broke and he doesn't even offer to repay a little. I will punch you square in the face. Im so glad people think they don't need money to survive, but I wouldn't dream of mumping of others, anyone who says they don't need it is lying or has a bottomless pit called mummy and daddy.
 
Tell me that "its only money" when its my turn looking for work and im broke and he doesn't even offer to repay a little.
it is only money.. that doesnt mean you dish it out without thought or with perspective. you bailed him out though had you not it wouldnt have caused imminent physical harm.
 
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