#TellUsHowYouReallyFeel.. Friends, Family & Money: How much could u loan and not fall out about if they didn’t pay it back?
Written by MadamOfMedia on 26 April 2013
Wow, I think I just raised many eyebrows with that one. Everyone knows that loaning money, especially when you are in a tight situation is difficult at best. When the moneydoesn’t come back, for whatever reason, it makes it 5 times worse. And, I’ve been in the situation when you have to ask for money and the expected payoff doesn’t come in for you to pay back the loan. These situations are not fun for either side, but they also tend to make enemies of people who had been close up to that point.
So….
Do you act like Scrooge and refuse to lend the money? Or do you give in, loan the money and try to take all the written precautions to protect your investment? Either way, you could be considered the bad guy by family and friends. And, if the person fails to pay it back, there are very few options opened to you especially when it comes to the friend/family options. Family feuds have been fought for centuries over less!
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