discuss Asking money back

[Oshawott]

I have this motto in life - 'Money can make or break relationships', so I invariably try to settle off all dues in time and also make sure that I lend moeny to people who are willing to settle money at the right time.

However, recently I am finding a little difficulty is asking people to settle their cash owed to me. I was wondering, how do you guys handle this? How do you tell people that they owe you money and that they should settle it without breaking the relationships?

 

[Fidelia1]

It always pains me when money comes between me and people that I love. I am very careful not to allow money damage my relationship with people. For close people that owed money and didn't pay back, I wrote it off for them. When close people ask that I lend them money, I give them what I can afford to give.

 

[Shawn]

I am lucky enough to have enough debt to where I have no business lending people money.

If someone needs $20 or something like that, I'll usually give it to them without assuming they'll be paying me back. But at some point, I'll need their help, and I'll gladly remind them that I've helped them in the past if they're hesitant to help me in return.

If they still don't help, then I'll simply remember that the next time they need help and return the hesitation.

I choose my friends wisely. This has never really happened to me.

Except once...

I volunteered to be a designated driver for a guy who just got married and had quite a few beers. I wasn't drinking so I drove his car with him in it to his house. We got pulled over and they gave me the ticket because his license plate sticker had expired. I paid $120. The guy never gave me the money back. I felt it was pretty unethical, and I no longer talk to him or his people. Am I right or wrong for that?

 

[lens]

Loaning money to a friend can destroy the relationship if they don't pay back. I don't allow such as I only give an amount I can kick around. People that find themselves in such a situation need open and honest conversation and they should reach an agreement on a repayment plan that works for both parties.

 

[NatureFreak]

As long as you specifically ask me to borrow you money, I will ask for it back. If I borrow money from someone I make sure I keep my promise by paying it back. And that's what I expect from others also.

 

[Yama]

Well, I don't have a lot of money to help other people. If I help someone with money that would generally be a small amount, something like $20-$30. I do it in a good faith and I don't mind even when they pay back. However, when I need help, they will be the first people I would ask. If they don't return the favor. I just forget about them.

 

[Kross]

My father gave me some money as a loan some years back. He tried to ask me for the money. And when he sensed that it would bring friction between us, he never asked again. I learned from that to not allow money lent to family members become a source of friction. I help family members financially as much as I can. The ones that can refund, it is fine. The ones that can't, it is still fine.

 

[Cpvr]

I have this motto in life - 'Money can make or break relationships', so I invariably try to settle off all dues in time and also make sure that I lend moeny to people who are willing to settle money at the right time.

However, recently I am finding a little difficulty is asking people to settle their cash owed to me. I was wondering, how do you guys handle this? How do you tell people that they owe you money and that they should settle it without breaking the relationships?

I look at it like this, if you let someone borrow money, sometimes you may not ever see it back. Whether it's $10-$30, however, if they're a good friend of yours, they'll more than likely pay you back.

I have friends in the past that have never paid me back, so I don't help them out at all anymore. Some don't care to pay other people back when then borrow, but that right there shows you that the friendship was never genuine to begin with.

However, you can simply ask them "Do you have the money that I let you borrow?" If they say no, then that's the end of that friendship or you can give them sometime to pay you back.

I have a kind heart, so I help those that really need it in dire situations, but I will not loan money to anyone when I know it's not for a dire situation.


My dad was the same way, he would let me borrow money and of course, I paid him back. So, therefore, I only borrow when I absolutely need it and I know some people are out there that really need money in a certain time in their life, so I generally will try my best to help.

If a debt isn't paid back though, then perhaps, you could also tax them on those funds. So if they owe you $20, then up it to $40.