ANSWERS: 11
  • Don't loan money to friends or family. If you have the funds to spare give it, otherwise you can't afford to help. Since you already did this, you need to decide how close of friends you are. It's disrespectful to not pay you, and you will resent it until he either pays or you forgive the debt.
  • Learn a valuable lesson. Forgive the debt and then if anyone else comes to aksing for a loan, direct them to the nearest Bank that offers funding. Whether you decide to maintain this person as a "friend".. when that's a completely different kettle of fish. If this was a matter of you doing work for your friend then them refusing to pay you, I say you should forgive that debt too and never get put in that situation again. My husband left me for weeks in the early part of our marraige to doing some work with his brother in law and not only did he get stiffed his salary, he got into it with his brother in law over a jack hammer that my husband supposedly broke and then a third party relative was in the mix. Needless to say, the brother in law is divorced from his sister now and we don't have any contact with this other person. It was really miserable.
  • Discreetly and politely bring the subject up in conversation. You'll probably be paid back in short order and if you've approached it right, still have your friendship unchanged.
  • I would go to your friend, telling them very plainly, that since they have not paid you back the money you so generously loaned them, that they may keep it, (minimal amount)and not ask another favor of you again.
  • I really can't say it any better than Dean. But if you are prepared to put a further strain on the relationship, you can take your friend to Small Claims Court.
  • Play Cashflow 101 by Robert Kiyosaki. (A board game. There is also a software version.) You will quickly learn that you never lend money to friends and family. Of course, they could give you something worth a lot more for the money.
  • I hope it wasn't much, haven't you heard "never a borrow'er nor a lender be" There are huge reasons for this!
  • I would leave it alone.I have a friend that does not pay back anyone,though we all are still friends in spite of money issues.I would never put money above true friendship. I did it once and I lost much more than money,but the most important thing,friendship.
  • There are two other factors that come into play, how much money and how good is this friend. If it is minimal, forget it and that is the price you paid to never have to loan this person money again. you might have gotten off cheap. Otherwise you can bring up the loan in conversation -tactically- and see how they react. If this person still reacts like they don't know what you're talking about maybe they aren't your friend. If that is the case and it is worth your while, get your stuff together and take it to court. Remember, nobody forgets about money borrowed or money lent - it's a bogus excuse.
  • Tell him some of your men will be paying him a visit!
  • Quit loaning money to family or friends. You'll end up loosing both. One of the first lessons my father taught me.

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