What should I say, a friend asked if they can borrow some money I'm not sure how to answer them?

Be honest.

It is not reasonable to ask to borrow $750 from a friend.

I do not lend money to friends ... not anything over $20, and I do not loan more until they have repaid me first. Family is another matter. Family that rarely asks to borrow money .. I will give them the money, rather than loan it. Family is family.

Please don't do this. It is NOT a good idea. I'm sure you could put it in your IRA or savings for your own "rainy day" event in your life - that you DON'T have money to "burn" this way. More often than not? Such loans DO NOT get repaid and it RUINS both family relationships as well as friends. If it were $100? That might be one thing, but I don't feel you should encourage this type of transaction with a friend or even family member. Just my opinion from seeing so many never pay a person back and? Ill will development among relationships due to the lent money.

Grace

Oh wow. Hard to answer because there are so many things that could make a difference. First, do you have the money to lend? 2nd, how good a friend is this? 3rd, what does he need it for? 4th, does the friend have other options? 5th, will it hurt your friendship if he doesn't pay it back? If it is a very good friend in a desperate situation, I'd first try to help him find other options. Maybe he could get a bank loan. If he doesn't have good credit, maybe co-sign for him, but that could wreck your friendship if he doesn't pay it back. Any loan runs the risk of loosing a friend, whether it is a co-signed one or a loan from you. I don't like to loan money to friends for this very reason. But if the situation is dire and you can help him, sometime the risk to your friendship is worth it. Be sure he knows that is your main concern.

I never loan money that I can't afford to give away. It's a pretty good rule. I've found that no matter what sort of payment set up we have and no matter how strongly the promise to repay.... it's best to be prepared to never see the money again.

So, unless you can afford to throw that money over your shoulder and never get it back..... just tell them that you are not in the fiscal position to loan out money because you don't have it to spare. Do NOT get "talked into it".... people who twist your arm and impress upon you their dire need are even LESS likely to ever pay you back than those who are just wanting something beyond their temporary need to purchase. Since you don't want to loan this person that money, simply don't do it.

Anyone who needs to borrow that much money won't have the money to pay it back either; so if you can accept that, and have the money....then by all means do it. If not, a simple: "I don't have it to give" will be enough.

Don't let money to friends or family you can't consider a gift, because if there's a problem with repayment it will destroy your relationship. Unfortunately, asking can ruin a relationship too. Don't let awkwardness destroy your friendship. Just laugh over it and say you're sorry but there's no way you're loaning someone that much money, but remind them of pawn shops and the like where they can get quick cash.

I asked a group of my family members for $300 once, and all but one of them laughed in my face. Taught me a good lesson and I didn't wind up needing like that again.

Don't do it.

i don't loan money, as the rule. It's not a good practice.

NEVER lend money to friends or family unless you can afford to write the money off as a total loss because you will never get all of it back and you will loose that friendship. It is a fatal mistake.

You can either say you are sorry, but you don't have any thing to give/loan or say you just don't loan money.

You will never see this money again so if you agree to lend it do it with the knowledge that it will most likely not be returned. If you can afford to just trash that much money then go ahead. Otherwise commiserate with them on their troubles but do not lend the money. Just say So sorry but I do not have it