08 Jun 2021
Received a text from a "not so close" friend of mine earlier asking to borrow money. The last time we interacted was probably 4-5 years ago. What would you do?
Here's the message
"I'm sorry to be so straightforward. But do you have like some spare cash to borrow me? I'm in need of money, see if you can borrow me for like 2 weeks or so pleasee".
Nope, given you said it is for a "not-so-close" friend.
Regardless of the circumstances, I would not lend money to "friends" who never bothered to
The same applies to "friends" who are financial advisors/property agent and other sales job who never bothered to keep in touch and contacted me out of the blue.
If you really decide to lend him the money, then be prepared to not get the money back. It's not that you or me cannot afford to lose the money, but I am only willing to lose it for close friends and family.
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If they willing to share the reason listen. I would say chances are very high that you won't get the money back.
Having been through a bit, I now limit what I can lend money for
1) treatments for only life threatening conditions with doctor's advice
2) funeral costs
3) for further education with formal IOU in writing that I can bring up to sue my friend if need be
Everything else is no. I hate to let people profit at my expense and take forever to return money.
This comes after I cancelled my holiday plans, and scrimped on basics for two months only to find out the person who borrowed money wanted to use it to take his mistress to New Zealand. Thereafter I just learn to treat myself better.
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I wouldn't lend at all especially since he hasn't been in contact for few years. It's very unlikely ...
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