Loans: What to do when friends and relatives don't pay you back - Personal Loans

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
read more
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
read more
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,
read more
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
read more
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
read more
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
read more
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
10 of 35

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
read more
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
read more
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
read more
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
read more
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
read more
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
read more
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

1 2 Next

RSS Feed

Personal Finance:

Loans

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

Related Titles:

Helium Debate

Are dealerships or banks better for car financing?