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When lending family & friends money is it enough to know that they are in need or are details required?

A friend of mine wanted to borrow money? Her reasons for needing the money kind of seems shaky. Most of the time her financial problems stem from the fact that she's hasn't been spending her money responsibly & sometimes it's due health issues. This time she wants to borrow money so she doesn't have to pay a fee and she needs the money today to avoid paying such a fee. She promises to pay my money back in a few days. I feel she should pay her bill when she gets paid and the fee and not ask me for the money. It's not like she's losing her home or her car today if she doesn't pay. Another friend of mine says it doesn't matter what she needs it for I should just decide whether to give it to her or not.

11 Answers

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  • 2 decades ago
    Favorite Answer

    It really isn't a good idea to lend money to friends or family. You already are questioning why your friend doesn't have enough money to pay her bills. What you could do to help her is to give her suggestions as to how she could manage her money. We've all had a time or two when we didn't have enough money, but we survived without running to friends or family to help us out.

  • 2 decades ago

    I never lend money if I am going to get too shocked and shaken if it won't be returned. Then, if paid back, then awesome. It is never "required" to lend money, if you are a genorus person then it is all good, if you are only benevolent to an extent than make those guidelines known. $ is not worth losing family's or friends love

  • 2 decades ago

    Anytime she borrows money from you, does she pay it back as and when agreed? Can you afford to lend her the money? If the answer to both questions is yes, then just give her the money. If she is asking you to GIVE her money then you can ask for details.

  • 2 decades ago

    If you don't feel like you could be content long-term with just giving her the money, then don't loan it. Chances of it not being returned are high. If in your mind you would have given it to her as a gift, then it won't get under your skin later and ruin the relationship.

    Source(s): experience
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  • 2 decades ago

    My opinion - knowing the reason that friends or relatives need money can help to make the decision whether to lend to them or not.

    Only lend to someone you know if you don't expect to be repaid.

  • 2 decades ago

    People will always make up excuses as to why they need to borrow money and they are also known to make up excuses as to why they can't pay you back. If you're going to loan money out, might as well kiss it goodbye cause chances are you'll never see it again.

  • 2 decades ago

    If you're goind to lend a friend or family member money, do it with the expectation that you're not going to get it back. Otherwise your relationship will be ruined.

  • 2 decades ago

    Sorry, pal. You are a classic example of a sucker. You're gonna have to step up and demand your money back or no freeloading. Embarass your friend by calling her a beggar in front of friends/family. That always works to get them off you back.

  • ?
    Lv 6
    2 decades ago

    yes details. if its a bill she should learn how to manage her money. are not feel her plate. in other words don;t get things she can not offerd. i lend my money i want to know what for and when can i expect it back. if you are late paying me. never again.

  • 2 decades ago

    lending money is very bad for a relationship of any kind (friend, spouse, relative) usually turns ugly.

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