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Paying back a friend who lent me money?
A friend of mine lent me about $600 for me to be able to attend a conference a few years ago. I gave her half of the money back, but honestly forgot to pay back the rest. She brought it to my attention tonight that I have yet to pay her the other half that I owed. I feel TERRIBLE about this, as she has been a good friend to me, and so I apologized, and told her that I would pay her back this week.
My plan is to pay her back that amount, plus about a $100 extra (for the trouble I caused), and include that payment in a card. I also plan to apologize to her in person, and explain that I totally understand why she is mad/angry at me. Considering that we have been good friends overall, my hope is that once I've paid her, things will smooth out again.
I'm considering this a major lesson learned for the both of us--don't lend money, and don't ask for money if you can't pay it back on time. All and all, do you think this is a good plan of action?
Thanks!
If I could realistically afford to pay her more at this point, I would. I know that it's no where the interest on what banks, cash-and-go places, and other money lending agencies would charge. If she honestly wants more than that, it's something that we can work out.
4 Answers
- ?Lv 69 years agoFavorite Answer
I think you should do as you are saying. She came through for you when you needed it. The fact that she had to remind you is on you. In today's money crunching the extra might help your friendship. You would have paid way more than $100 in interest on a payday loan of the $300 you forgot. The late fees alone would double what you owed. If you look back over those forgotten years, you might remember a few comments where she gracefully tried to remind you. The $300 may be nothing to you, but she may really need it and be embarrassed to say so. Follow through, it is a good plan.
Source(s): Have a friend who owes $450. - 9 years ago
I think you pretty much have it covered! With the interest and the card your friend will definitely understand that it wasn't on purpose that you didn't pay her back, although this all depends with the type of person she is (forgiving or unforgiving). But overall I think she'll be okay once you pay her a visit to explain and pay her back at the same time.
GOOD LUCK!
- Anonymous7 years ago
You'll be able to instanly get an advance payday loan as much as $1000 applying this site: http://loans.servermatrix.org/ I managed to get our payday loan despite the fact that I have a very bad credit score.
- OrcLv 49 years ago
100 bucks? take her out for dinner and apologize then or get her a gift...sure the money is nice but personally I think 100 is a little bit TOO much. It's your money though and it's your choice but still.