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Loans: What to do when friends and relatives don't pay you back 35 Articles

  • 1 of 35

    by Stephen H

    We all have the occasional problem with finances and cash-flow and sometimes that means we need to turn to someone for help.  If this happens to be a situation one of your friends finds themselves in and they come to

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  • 2 of 35

    by Marianne Rittner-Holmes

    You’ve loaned money to a friend or relative and they haven’t paid you back.  In fact, they’re not even answering your phone calls.  The best thing to do is write it off and move on.  

    read more

  • 3 of 35

    by Andi Jeanz

    When friends and relatives borrow money and do not repay it, the result can be fatal to the relationship that you have or had with them.  Unless there is a written contract that was signed when the money was borrowed, chances

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  • 4 of 35

    by Scott Hayden

    Think carefully before lending money to a friend or relative. You are not a bank, and because of this simple fact the person you loaned the money to may not feel obligated to return it. Relationships, whether familial or casual,

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  • 5 of 35

    by Leah Curtis

    There have been times in my life that I have needed to borrow money from someone and I always pay it back. Most of us do. However, when friends borrow from friends or relatives borrow from relatives, the sheer nature of the relationship

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  • 6 of 35

    by Simon Wright

    One consequence of the current economic upheaval is that credit is increasingly hard to get from banks. This and the fact that bank loans may be expensive means that we are likely to see an increase in informal "loans" being

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  • 7 of 35

    by Ginger Kazay

    You already know what needs to be done. You need to make a choice.

    Do you write the money off and keep the friendship? If so, you must also decide whether or not to loan them more money in the future. If they know you let them

    read more

  • 8 of 35

    by Debbie Robus

    When I consider making a loan to friends and relatives, I ask myself, "Can I afford not to be paid back for this?" What DO you do when friends and relatives don't pay you back for loans? It's a tricky question... and one that

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  • 9 of 35

    by Marco Angioni II

    Loaning money to friends and family can be a sensitive subject. Most of the time the whole process goes smoothly. You loan money to a friend or family member and then you are paid back after a certain amount of time. This seems

    read more

  • by Leslie Trotter

    There are times when some people come into money whether they earned it, inherited it, or perhaps they hit the jackpot at a casino. Regardless of how it is attained, it is their money to do whatever it is they want with it. Getting

    read more

  • 11 of 35

    by Erik Van Tongerloo

    Giving a loan to your friends and relatives can give unwanted consequences if you don't take the necessary precautions. It is not different like lending money to someone else but in this case you don't want to take the risk of

    read more

  • 12 of 35

    by Jim Kerrigan

    We are talking about friends and relatives here. Lets us not become bankers in our spare time. Lest we find ourselves friendless and without family with our down luck. The control here is simple; you either have the money to

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  • 13 of 35

    by Jonte Rhodes

    Loaning money to friends and relatives is something that often comes back to haunt a lot of people, due to the fact that often the money isn't paid back very quickly, if at all. This can then often cause problems between the

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  • 14 of 35

    by Lyn Dee

    When a stranger owes you money there are a number of practical or legal steps you can take to resolve the problem. If the debtor is a friend or relative however, the situation becomes much more complicated. The biggest problem

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  • 15 of 35

    by Ric Martens

    It has been said that nothing can end friendships and split families quicker than money. This is even more true in the case of making a loan to friends or family members. Complicating things is the fact that we often feel obligated

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  • 16 of 35

    by Martha Leonard

    Shakespeare said it best: "Neither a borrower nor a lender be." This is especially true of friends and relatives. Most of us out the hard way. I have successfully borrowed and lent to relatives, but I also have lost

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  • 17 of 35

    by Diane Palmer

    You should first consider why they asked you for a loan in the first place. Do, they have bad credit?.. were they refused at the bank?.. are you their last alternative?. Do, they have bad credit because they don't make timely

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  • 18 of 35

    by Paul Lines

    There is always a risk in lending money to anyone. However, if you lend money to friends and relatives, especially if they do not pay you back. If this situation occurs you, as the saying goes, 'placed on the horns of a dilemma.'

    read more

  • 19 of 35

    by JQ Adams

    It's going to happen at one point or another in your life, a family member is going to need some sort of help financially. They won't have the money, and will ask you for some help. It could be for any number of reasons, such

    read more

  • 20 of 35

    by Penny B

    Loaning money to either friends or family can be a very tough decision
    to make. It might be a little easier to decide if you keep this one
    thought in mind. If you can't afford to lose it, don't lend it! People
    don't always pay you

    read more

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