Friend has asked to borrow money but I’m not sure

Please just tell them you can't afford it. These things nearly always end badly.

As usual on these threads what one person considers a loan turns out to be a gift. If you can afford to lose it then loan it but accept it will cost you

Me too. I actually took out a loan to help someone out, it was an awful
lot to me at the time. They have since come into very large sums. Never gave it back

This.

Give her the money as a present or not at all.

As others have said, don't do it- unless you're happy to never see the money again.

They didn't feel bad about asking you so don't feel bad for saying no. You don't need to explain yourself.

If they dump you as a friend as a result well, they weren't much of a friend to begin with.

Absolutely not..cf's for even asking.

If you lend them more the dynamic of your friendship will change immediately.

Instead of appreciating what you have done for them you will be the bad guy who is demanding money they don't have. They will resent YOU 😮 and you will be constantly in edge waiting for them to voluntarily repay you. They won't do this and in their eyes you will be the nasty person who is stressing them out when you know they have no money.

Say no. If they are frosty about it then you know how much they value and respect you.

They have absolutely no intention of repaying you - look at all the other debts they've racked up. These are "official" debts which they will prioritise over your generous favour.

They are complete CFs for asking in the first place.

I’d also bet they’ve gone to others to ask for money. Absolutely shameless of them to put you in that position

No way. They are bad with money. Who gets 22k ans just uses it for living off instead of working. Tell them you don't have much and its tied up in long term anyway so can't be touched without penalties

No of course not.

Say I’m not in a position to lend you money.

Dont say because….they’ll take that as a starting point & try to get around your reasons
Dont say at this time as they’ll come up with suggestions as to how you can get around the time

They are awful with money & spend thrifts. You won’t see your money back.

Stay firm, I’m not in a position to lend you money

Unless you can afford to throw the £2k away (because it’s highly unlikely you’ll get it back) just give them a firm NO.

Never lend money you cant afford to lose

Say no or it will not end well.

You either
• loose a friend or
• loose £2k and a friend.

No, don’t do this. I doubt you’ll get it back

Refuse; You will be the very last of the priorities in their budget. I lent someone £600 a few years ago, Quite a lot of money has gone through their hands since. I got Nothing. Nada.

Do not under any circumstances lend them the money. Don't even consider it. You will NEVER get the money back. If they have a bad credit score, a history of debt and no money spare for a car repair, what makes you think they will be able to put money aside each month to pay you back?!

You have £5k saved up for emergency savings. Giving away £2k of that is a huge % and will put you in a precarious position.

There is no upside at all to this. They will just have to go without a car like thousands and thousands of people (even well-off ones) do each day. They can get public transport until they save up.

Don't do it. It won't end well. You will never see that money again. If they ask, just say you don't have any to spare at the moment to lend but hope they can work something out.

Op really can't afford it ,it's nearly half her savings.
Also if her friend and partner are piss poor with their own money they're not going to give two fucks about op.
She will never see that money again.
Don't do it op!!!

‘No, I can’t’

You fear it being awkward - it’ll be a lot more awkward when you don’t get paid back and see them spending money on frivolous things, leaving you resentful and regretful. Just don’t.

Someone once gave me very good advise: do not lend money you are not prepared to lose.

They have demonstrated that they won't be able to pay you back and your not in a position to lose half of your savings. 5k on house emergencies quickly disappears!

I would just say sorry I don't have that sort of money to lose.

An absolute No! Do not lend your friend money! If they are struggling financially, how would they pay you back?! £2K is a lot of money to pay back, and could take years, rather than months, especially if it's £25 one month, nothing the next, then another £50!!! You could end up losing the money completely, if they didn't pay. It's honestly not worth the risk. If they received a £22K payout last year, and saved nothing, and didn't work, that's not your problem. You aren't responsible for others poor financial planning or money management!

No. Only lend what you can afford to lose and there’s no way you can afford 2000 out of 5000 savings. Your friend needs to learn how to manage money and she won’t if you come in to save her.

Please do not do this. You'll lose the money and the friend. I know this from bitter personal experience.

Read other threads, there's a current one where someone's DH lent a fair whack with no documentation etc
I would personally say no and just white lie and say that it's all tied up in bonds or investments that have restricted withdrawal conditions.
But if you decide to do it then do it with a proper loan agreement which outlines what you've lent and how and when you will be repaid and what happens if it is not eg interest.