When Help Turns to Hurt;Avoid Lending Significant Money to Friends

[shinratensei_]

Yeah it's always this way, doesn't matter if they will repay the money or not, it will become problem sooner or later.
I usually directed them to borrow from banks and probably give some tips for low interest lending. I'd just never gonna lend my money to someone especially my friends ever again because it break friendship.

[mvdheuvel1983]

Yeah it's always this way, doesn't matter if they will repay the money or not, it will become problem sooner or later.
I usually directed them to borrow from banks and probably give some tips for low interest lending. I'd just never gonna lend my money to someone especially my friends ever again because it break friendship.

There are some friends you would have had a good relationship with for a long time that no matter how they hurt you it will be possible for you to see them in pains and not fell the need to help them no matter how much they have disappointed you in the past, financial help could destroy your relationship with them but it is better you help them and let them break the bound of relationship you have with them instead of sending them to take loans from the bank when they may not have the collateral that will be requested by the banks. I do have friends who has borrowed money from me in the past even though they didn't keep to their words I think it wouldn't stop me from assisting them financially if I am I the position to loan them that's what friendship is all about.

[Bitcoin.com97]

It’s painful but that is a bitter truth, if you want a good lasting relationship don’t borrow your friends money instead , if they have issues and want to borrow from you just contribute the amount that can you afford , me I have learnt my lessons the hard way ,  I couldn’t take action because of what the world may say , but I don’t think I can ever give again , but there good friends too who can pay back with gratitude, I won’t generalize my experience with my friend to other peoples relationships, people differs sha .

[Marvelockg]

Yeah it's always this way, doesn't matter if they will repay the money or not, it will become problem sooner or later.
I usually directed them to borrow from banks and probably give some tips for low interest lending. I'd just never gonna lend my money to someone especially my friends ever again because it break friendship.

Unfortunately, we have lost a lot of good friends and set strict boundaries with many just because most of them do not understand the place of trust in friendship and easily take advantage of the trust you have on them. The same friend you help that refuse paying you will take from another that is not a friend and pay back with just little disturbance from the folk. it then begs the question, what is true friendship to even start with?

Most times, it is very difficult to deny your friend an helping hands because in most instances, they always come very sincere and most times because of the memories you've shared and the help some of them have rendered to you, it is usually difficult to say no to them. the only option that can help when giving any form of financial help to a friend is to give out what you can forfeit because if you even recommend them to a stranger, you are indirectly risking too much for them.

[Mpamaegbu]

There’s a popular saying: “If you want to lose a friend, lend them money.” As harsh as it sounds, life has a funny way of proving this statement true especially when the amount involved is significant.

You're right about that. I've a panacea for that and that's what I stick to. I don't lend cash I won't let go of if it's not returned.

Lending money to friends often starts from a good place of "help." Because you trust them and you believe things will work out.

Sometimes, they may even end up saying "is it that little cash you loaned me that you're stressing my life for?"

When you lend what you cannot afford to lose, you don’t just risk your finances; you risk your peace of mind. Every missed call, every delayed promise, every “next week” begins to weigh on you. Suddenly, casual conversations turn awkward. You replay the decision in your head and ask yourself why you ignored that initial inner voice that said, “This might not end well.”

Apt! I believe you wrote from what experience taught you 😏

If you must help, be honest with yourself, Saying no doesn’t make you wicked;it makes you wise.

You will be extremely lucky to have friends whom you refused to lend to and they understand it that it was because you didn't have to lend to them. It's even worse when they see you've bought something new or acquired a property and you're refusing them financial help.

[ejikeme24]

This is painfully true. I’ve lost one good friendship exactly this way. The money wasn’t even the biggest issue, it was the silence and excuses afterward. Since then, I follow one rule: if I give money to a friend, I treat it as a gift in my head. If I can’t afford to “gift” it, I simply say no.

The truth is that human beings are so ungrateful although not all but some people, one thing about me is that if I'm not sure of paying back the loan in so so so time or days I would just look for other alternative because I don't want a situation where I will be struggling to return back the loan, just like you said about your friend the reason why he has been keeping you quite is because he doesn't have the money to pay you back so instead of giving excuses he think keeping you quite is the best thing to do not knowing that he's still worsting the case.

[BRINIRHA]

Yeah it's always this way, doesn't matter if they will repay the money or not, it will become problem sooner or later.
I usually directed them to borrow from banks and probably give some tips for low interest lending. I'd just never gonna lend my money to someone especially my friends ever again because it break friendship.

Well, basically, that’s just how it is. It’s just that sometimes there are situations where we really can’t ignore a friend who truly needs help. The risk, however, is that sometimes we can’t expect them to pay us back. Because when we still hold out hope that they’ll pay us back, we often end up disappointed. Personally, it’s better to avoid borrowing from or lending to a friend. especially if it could potentially damage the relationship. Unless it’s someone you’ve carefully chosen someone who’s truly trustworthy and whose word you’ve proven you can rely on.