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Should I lend my friend money?

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  • #31
    Originally posted by Goldy View Post
    Are there other ways you could help her? How about offering to sit down with her and hammer out a realistic budget, help her sign up for mint, help her sell items in her house to cover the shortfall.

    You have a few weeks, could you both sell plasma or could you hire her to do work around your house?

    Often when I hear someone ask for money to save their house they are putting effort into fixing a symptom (losing the house) instead of the actual problem (overspending)

    If she wants help with the actual problem have her post it here and the members here can help point her in the right direction. Sometimes bankruptcy is the right option but more often than not you can dig out with a little hard work and discipline.
    Why can't she borrow it from the bank?

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    • #32
      Find better friends. Like people in this forum.
      Kill the debt, before it kills you!

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      • #33
        A relative once borrowed money from me and I was expecting that they're gonna pay me back but it didn't happen. It was a lot of money and I suffered because of that. I think it was okay to lend some as long as it wouldn't affect your personal funds. This is a difficult situation for you because it involves money and friendship. I hope everything will be fine with your friend.

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        • #34
          Originally posted by questions View Post
          I find myself in a very difficult situation. I have a friend who is in dire financial need. If she doesn't find a way to get several thousand dollars in the next couple of weeks, she's going to lose her house. She's put me in an extremely awkward position by asking me to help her out in this situation. I have the money, but giving it to her would mean draining much of my emergency fund.

          We've been good friends for 15 years and I don't want to ruin the friendship. The issue I have is that even though she promises that she will pay the money back, I don't see how she ever will be able to with the current situation. She says that things will change and that shall be able take the money back to me, but I don't have the confidence that it will work out.

          I've been getting quite a bit of pressure from her, and I know that she really wants me to lend the money. I also can tell that if I refuse that it's going to cause an issue with our friendship. This puts me in an awkward situation where I feel that my decision will determine whether we are friends in the future are not.

          I was wondering if you could give me any advice on how to proceed in such a situation.
          The situation here is really awkward like you have said, but you can still help her in a way. First find out if she really do need the money or the help she is asking for. Then think of how much you can give from the amount she is asking for, so you would help and at the same time not draining your account. You can also probably give some practical suggestion on how to get the rest or ways to deal with her problem. Am saying all this from what you have said about how long you guys have known each other and from my humanity point of view.

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