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Original poster

lending friend money

7 replies

miggy · 16/04/2004 21:34

A friend of mine wants to buy something that is really important to her. She has no spare money at the moment, partly due to expensive ivf treatment. She does have a policy due to mature next year. I could lend her the money because I have a savings account for the children that I dont intend to use for years yet, and gets very little interest. Do you think she would be offended though if I offered?

OP posts:
twiglett · 16/04/2004 21:37

message withdrawn

Janh · 16/04/2004 21:38

I would hope she would be touched, miggy. But who knows?

If she does accept it though do make sure the terms are very clear.

hercules · 16/04/2004 21:39

I agree with Twiglett, the dynamics of the friendship will change and you could easily end up losing a friend.

nightowl · 16/04/2004 21:52

I really wouldnt. I lost the best friend i ever had through lending him money. Id known him years and trusted him with my life, he was in trouble and i practically forced him to borrow the money from me, He never gave it back, i had a row with his gf about it and i never saw him again. I still miss him now and its been 4 years. Sorry to be so negative

deegward · 16/04/2004 21:53

They always say, never lend money that you are not prepared to never see again, so... if that is the case go ahead, but I would caw canny.

Original poster
miggy · 16/04/2004 22:04

Thanks guys.
The ivf worked and she now has a lovely little boy but still paying off debt from that. She is a very "rules and regulations" sort of person and im sure if I loaned her the money she would insist on giving me a contract of some sort.
Im not really worried about the time taken to pay it as I know she would pay in full at the end of her policy7, she has thought about ending it early but would lose as lot of money.
Its just the key thing of not offending her and no one seems to think that would be a prob so I will sleep on it I think.

OP posts:
Lesley76 · 16/04/2004 22:08

A friend of mine lent the money from her children's saving accounts to her brother, to help him through college. She figured she wouldn't need it for years as her kids were still in junior school and it was for THEIR college education.Her brother graduated, got a good job, flat, nice car. Even went on holidays abroad, which my friend could never afford to do.

She only ever got a small amount of the money back after asking for it many times. Her brother presented it to her oldest son as if it was a gift for his 18th birthday. Grandparents etc thought he was so generous!!!

It caused so much trouble between her & her DH & she was too embarassed to tell her kids what their uncle had done to them

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