[Illusion]

I have known my friend for years and have lent him money quite a few times with no problems. All of a sudden he's a few weeks late with no repayment. What should I do?

[natrass]

Tell him if your pissed off ... because that will only get worse.

Probably thinks youre not fussed time-wise.

[EBone]

That's a tough call, Illusion. In the past, I've been screwed over by "friends" who still to this day have not paid me a cent. I may not be the right person to respond to this but I say address the issue and tell your friend how you feel.

You will more than likely get a sob story and the way to combat that is with a sob story of your own. My two cents....



E

[rolemand]

I would try to bring up it nonchalantly and see what the reaction is and play it by ear.

[BuddyBear]

bring it up casually....that's what i usually do with say a book I loaned out to a friend (i.e. "so did you enjoy that book").

[Illusion]

Thanks for the advice fellas. I plan on seeing him tonight, so I will try asking about it casually and let you guys know.

[JoshW]

Tough call. Way I look at it, if they don't have a quick obvious way to pay it back, I just give them as much as I can and don't even call it a loan. Because loans among friends don't make much sense at least in my exerience. That said everyones experience is different, I certainly think it is reasonable to call him on this and depending on response you will have to decide how frequently or strong to push it.

[Illusion]

No matter how this turns out I will never lend him another penny in the future.

[tacomax]

Sorry, Illusion, but you shouldn't have lent jjgold any money in the first place.

Maybe he can give you a BJ as part payment?

[onlooker]

Does this friend have a job? If not, how do you expect him to pay you back?

I usually dont loan anyone money, it only leads to problems down the road. If you cant do without that money and just give it to him, you dont need to be loaning out money in the first place.

What interest rate are you giving on your loans? I may hit you up for one if the rate is right.

[natrass]

The above point are valid and Im not meaning to dismiss them entirely.

But, for me, I think the loss of a finger for each day over the set time limit would be reasonable. Always start with the little one first to be fair though.

Either that or have him rubbed out as a warning to your other friends. Otherwise everyone round the block will be trying to take advantage of you.

Or you could just drop a hint (such as "when are going to pay up, you nonce?).

[Illusion]

Does this friend have a job? If not, how do you expect him to pay you back?

I usually dont loan anyone money, it only leads to problems down the road. If you cant do without that money and just give it to him, you dont need to be loaning out money in the first place.

What interest rate are you giving on your loans? I may hit you up for one if the rate is right.

It's not like I need the money, but it's the principle of the whole thing. Yes, he does have a job. No, I haven't charged interest in the past, but I might this time.

[onlooker]

No, I haven't charged interest in the past

How about a loan ol buddy ol pal?

I will return it to you when I feel the need to pay you back.

[Lucas]

I usually dont loan anyone money, it only leads to problems down the road.

I absolutely agree.
The better the friend is the worse is the whole problem. You are risking not just money, but also the friendship.
Generally there are two kinds of people - lenders and borrowers. Unfortunatelly the borrowers are case of adverse selection. If they can not manage they past incomes and outcomes they will probably do not manage it in the future. But usually only they need the money, because of their behavior.
That is the reason why do not lend money.
I paid too much (in money and friendships) to make the mistake again.

[bigboydan]

well ILL... keep us posted on how this one turns out. i'm curious to see how you bring it up to him, and if he pays you.

[Chuck Sims]

Loaning friends money usually ends friendships. Never ever loan him money again. If you do, he will think you are an idiot for trusting him and will burn you to teach you a lesson.

[pags11]

I agree with Chuck here...I wouldn't loan him money anymore, or anyone money anymore for that matter...I've never been stiffed by a friend, but no longer loan out money because it put strains on some friendships...

[bigboydan]

Bigboy

Why dont yuo just pay him back?

i would brick, but i'm not the one that owes him.

[Illusion]

Well, he didn't pay the entire ammount, but I got most of it back last night. He's gonna stop over tonight with the rest of it.

[onlooker]

Well, he didn't pay the entire ammount, but I got most of it back last night. He's gonna stop over tonight with the rest of it.

Ask him if you can borrow his car, and dont return it for a few days. Then return it to him with a empty tank of gas.

[Illusion]

Ask him if you can borrow his car, and dont return it for a few days. Then return it to him with a empty tank of gas.

No need, he just came by a few minutes ago. We are even now.

[natrass]

Name and shame him Illusion. Granted most of us on here wont know him .. so perhaps you should put up his address and any photos you have. Maybe work phone number as well.

I was going to offer to give him a call for you but glad its all sorted. Close shave there.

[Illusion]

I could never post any personal info like that over the net natrass. My friend may be a slapper, but he's still a friend.

[natrass]

Well, thats your call and fair enough.

I was watching Goodfellas again last night ... say what you will about the cosa nostra but those guys sure knew how to get a loan repaid.

[pags11]

glad to hear he settled up with you illusion...