Lending money to friends?

OF.

My dad had lent some money to friends/family. Based on his experience this is a fantastic plan to fuck up your relationships with these people. Gift or don't gift, but lending will create future stress when inevitably someone misinterprets where the personal/business boundaries are.

BoozeCube said:

Don't

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He isn't. This is just another made up thing he came up with. Mist works at Wal Mart, has no friends and no money to give out.

I mean, he could have simply Googled it, but he comes here to SJW himself or whatever.

Weirdo.

Only lend money to family and friends if you are okay with never getting it back.

Mist said:

I did google it and came up with a bunch of bad answers.

And I did get the expected response of "Don't."

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Well, expect them to not repay you. If you consider the loan a gift, then fine. If you expect them to repay you, expect to be very let down.

I can't stand Mist as much as anyone, but if it wants to throw its money and/or friendships away then who gives a shit?

"DON'T!!" doesn't answer the actual question in any way.

I’m trying to understand why you need a platform to facilitate these loans?

Mist said:

"Don't" is the obvious and expected response. I was just wondering if anyone had encountered an outlier outcome, perhaps using a feature native to one of the major payment apps that I'm not aware of. Denamian can shaw this if he wants.

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Don't is the expected response because it is the correct response. Everyone who has done it has gotten stiffed. Once you get stiffed, also expect to really not want that person or person in your life any more.

I gave my niece a loan to consolidate all her shitty debt. 0% interest, very easy terms. I knew she'd flake, and flake she did. I warned her up front that if she failed to meet her end of the bargain, she'd never get help from me for anything ever again.

Keep in mind that in the past I'd given her my nice used SUV, and I furnished her apartment. Now she's up shit creek without a paddle because I was the last person on Earth who was willing to dig her out of her shitty decisions, and that is all gone now.

I consider it a cheap way of getting an egghead out of my life for good.

There is some nuance and it depends on the relationships. Give money to family and women, the only time lending works is when you are a man and have a brotherly bond with another man who you know will legitimately take it as a point of honor and loyalty to repay you.