How would you approach a friend who's struggling, but owes you money?

11 Comments

I let a very good friend of mines borrow money, and even though he delays paying me back (and still hasn't paid me anything), I didn't have a problem with it since I was doing fine. But now, something urgent came up and now the both of us are struggling financially. I looked at both of our situations, and I determined that I'm in a deeper hole then he is, but I don't know what to do. How would you handle this situation?

I'd ask him to pay me back because my situation is worse. 40
I would leave him alone. This could jeopardize our friendship. 10
I wouldn't bring this up to him, and I'd find another way. 18
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Comments ( 11 )
  • Internecine
    13 years ago

    Work out a repayment plan that's fair for you both.

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  • wigsplitz
    13 years ago

    When you loan money to friends or family, you should really just think as though you're giving a gift....be surprised pleasantly if you do get paid back but don't be surprised if you don't.

    I'd say drop it, for now anyway.

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  • [Old Memory]
    13 years ago

    So you're willing to take away the livelihood of your friend to further your own? Nice.

    Forget about the debt. Mercy comes to those who give mercy.

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    • hellboy333
      13 years ago

      Yeah that turned out great for the Native Americans LOL

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      • Endorphin
        12 years ago

        Hahaha the native american joke was funny..if they seemed like they were lying and could actually pay up i would forget it either way but depending on if they were lying or not i would not trust them and keep them on a leash

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  • Dozis
    12 years ago

    Hi.you do not owe me anything anymore.
    Want a cigarette?
    That is what I just said,the debt is erased.
    Really?
    YES!

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  • iforgotpassword
    12 years ago

    if it is a close friend, then try to bare with it, it must be on your mind alot since you are in a rut but if he is also as close to you as you are to him,he will take the opportunity to repay you

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  • [Old Memory]
    12 years ago

    I'd break his kneecaps but say he could keep the money

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  • [Old Memory]
    13 years ago

    Maybe it would depend on the total amount your friend owes you. If it's a lot, like a week's worth of wages (or more), then yes, I think you should approach them about it. If it's less than a day's pay, you might want to consider it lost/donated money.

    Asking them about it doesn't mean it has to be a negative situation. You did them a favour when you lent them money, so you shouldn't have to be afraid of offending them by asking when they plan on paying you back.

    If it's a large sum of money, then they should feel a bit of shame that they have not already made it clear to you when you can expect YOUR money to be paid back to you. Is it possible that they were under the impression that they didn't have to pay it back?

    Your biggest mistake was: waiting until you fell on hard times before you discussed a payment plan with your friend.

    What are you going to do if they have no money to give you?

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  • [Old Memory]
    13 years ago

    thats a diffcult one, ii would not mention it but i wouldnt lend to them again

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  • General_Shepard
    13 years ago

    is it a very good friend??? as you are saying?? or just takes money from u?? check it out that type of people are very common nowadays

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