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Old 11-17-2007, 05:29 PM   #1
Default Who would you lend money to, if at all?
changed4life
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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?
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Old 11-17-2007, 05:33 PM   #2
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Not that guy! I'm sorry. My husband can be very generous as well and while I'm not cold-hearted I watch out for my family first.

Hopefully the guy surprises you and he'll pay you back. Good luck!
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Old 11-17-2007, 05:37 PM   #3
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I think i would have given him a ride to the ATM machine. We don't keep cash on us very often so we wouldn't have had it and even if we did we would have told him no.

I would loan small amounts to friends and family. We seldom have much extra cash so small amounts is all we could afford.
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Old 11-17-2007, 05:38 PM   #4
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that sucks i would have said no i hope you get your money back but if not thats a pretty pricey lesson for your dh to learn.
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Old 11-17-2007, 05:41 PM   #5
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I'm so fuming right now! I don't know who I'm more mad at. My husband or my neighbor!
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Old 11-17-2007, 05:49 PM   #6
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I don't lend money unless I know I can live without it paid back. Things happen to the best of intentions.
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Old 11-17-2007, 05:51 PM   #7
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I can live with the money not paid back, but it's just the principal! Thanks for your replies. I have to teach my husband to say no.
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Old 11-17-2007, 05:51 PM   #8
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Do not loan money that you can't afford to lose. We have lent to my dd, but rarely do that any more either. We lent money to my bil once and never got repaid.

To friends I will loan things like money for a spur of the moment lunch or the vending machine at work. Never large amounts.
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Old 11-17-2007, 07:05 PM   #9
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That's terrible !!!!! I hope you get your money back and stay away from that neighbor. Oh my god!!! what a jerk.
I learn that when you lend money to friends, neighbors, even family that is how we lose their friendship because they don't pay us back. The way I see it-- is that if they are asking for a loan is because they don't have the money to take care business right, So how can we expect them to pay us back" I know is always nice to help people, but I don't help financialy anymore is better this way.
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Old 11-17-2007, 08:14 PM   #10
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Good news. He just came by about a half hour ago and repaid us. It was ackward to say the least. The neighbor apologized, my husband said thanks and he was on his way back home. My thought is this...I bet that's the last time my neighbor will ask us for money. Good thing. He won't get it next time.

Why do people do this to themselves? He seemed embarassed and he should be. My husband learned his lesson - at least it wasn't an expensive one.
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