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Borrowing friends/family money

Discussion in 'Off-Topic' started by Broncofn, Feb 24, 2016.

  1. Broncofn

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    How do you feel about borrowing friends and family money? If a buddy asks for 1k-whatever in a casino would you give it to him without a guarantee of getting it back? How long would you patiently wait to get anything back or if you get anything back and what would you say to the person?

    Would you borrow money to family? Doesn't matter if it's a time of distress or hardship.

    Have you ever been burned by family or friends that you borrowed money to?
     
  2. scottndindy

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    Loaning money is a very touchy subject. If I'm going with friends and don't have a ton of cash on me at the casino I will tell them when we are walking in I don't have any extra to loan. This was after multiple trips of my buddies always borrowing.

    Family is an even tougher subject as I feel like family loans fall into 2 categories. First it's a sure thing you will be paid back and is no big deal. Unfortunately these aren't the type you get hit up for often. The 2nd is the family member who always seems down on their luck and you know you probably won't get it back. You only loan if you are comfortable never seeing your money again.
     
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  3. shifter

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    Never loan money to a friend. It will end up costing you your friendship and your money. Better to give it and only lose one.
     
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  4. Cross

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    I can't agree more.
     
  5. Packer

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    Broncofn, what do you need? Ill help you anytime!
     
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  6. Hank

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    Fortunately, I have a small family. And the few of them I speak with regularly, I trust completely. So, with them, I'd sign a blank check and know with certainty that I didn't have a thing to worry about.

    With friends...I have a deadbeat or two in my circle. Love them to death, but I have no illusions. So, when I do "lend" them money, I know it's just a gift and call it a loan to let them keep a little dignity.
     
  7. Broncofn

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    Lol, I know you would habibi, I'm just speaking from personal experiences and would like to know everyone's POV.

    As you know, I'm too nice.
     
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  8. Packer

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    Me too! It's only money. It comes and goes. Rather give it to them than gamble it away in one second. In my life I must say 98% of the time I got it back. I have borrowed money from friends as well, it's just what we do at times. I couldn't live with myself if I didn't pay it back. But so all of you know, don't ask me! LOL Except you broncofn!
     
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  9. RockyBalboa

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    I have a couple people in my family who I wouldn't loan or give anything to. But outside of them I'd hook up whoever needed help. It would be more of a gift and if I ever got paid back then it's a bonus. Sometimes I've paid for things without them asking because I knew their situation was dire. This year I'd like to pay my grandmothers property taxes for her so I'm going to have my mom set it up for me since she does all of my grandmothers books.

    As for friends? My circle of friends is small but tight. A couple of them could call me up and I'd lend it to them no questions asked because I know they wouldn't ask unless it was a really bad spot.

    Others it would depend on the circumstances. Each situation is different and needs to be evaluated.
     
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  10. Packer

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    Okay, some of you know I always say, most of us here on this site are like-minded. Male and female. It is a huge reason I have made some really close friends/family here. (When I say here that means here and other Vegas boards) Broncofn says he is too nice sometimes. Well, I can attest to that. He really is. Me too. But that's how we are and know one is going to change that. We like-minded friends throw each other 100s and 1000s all the time. WE ALWAYS PAY BACK because as I said before we couldn't live with ourselves if we didn't (most of us). It isn't even an issue. Ever! Although we hook each other up, we do that because we have been building trust and a friendship over time. I have a friend who owes me a $$. No big deal. He offered to put it in my bank account or send it to me I said just pay me in Vegas when we see each other in a month or 6 months. For me it's money in the bank. That is what friends do. Friends also talk about life, sickness, family, good times and bad. As like-minded people, 90% of us are on the same page and understand each other. I say, give your friend/family member the money not expecting it back. Because we are like-minded people who would never stiff each other doesn't mean the whole world is the same as us. As a matter of fact we are the exception to the rule. That being said none of us are idiots! We have a certain sixth sense and would never help a complete jerk or some con artist. No, I assure you that won't work with any of us!!
     
    #10 Feb 24, 2016
    Last edited: Oct 6, 2016
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