I think this is a hard decision to make. what do you do if they don't pay you back? If it's a large sum, what would you do to ensure that it would get paid back?
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For me, it would definitely depend on the person and if I really trusted them or not. (even family members) Also, whether or not I could really afford to "loan" them the money. Once you hand the money over, you have to be able to live without it in case you never get it back.
I never loan money to family or friends. I would never co-sign on a loan as if the person didn't make the payments, it would affect my credit and it would also affect the relationship because I would feel resentful about it. I say to never mix business and friendship.
I have "loaned" my adult children money, but I never expected them to actually give it back. I considered it a gift. I would never give my children money that I would need back. I think keeping loans separate from family and friends is the best thing you can do for a relationship. When I am approached by a friend for a loan, I always tell them that it is my policy to never loan money to friends. If they keep asking, I just keep repeating myself, "I have a policy to never loan money to a friend." It makes things easier this way.
I'm to soft for my own good.LOL
I will loan to anybody...but if you burn me , it will never happen again. I really like it when and if I have the free money to gift . Don't always work out that way though.
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Nope,,we never loan money out to anyone either,,if we can't afford to just give it,,then nope,,,cause 9 times outta 10,,it is money you will never see again
A tough one, depending on who and what their credit is like, just recently my sil crashed her car, totalled, my bro asked if we had a couple of hundred $ to tide him over until the car paper work went through, YES he will have it back to us on pay day on friday (3 days away). Yep you guessed it 4months later we are still waiting. Now he and his wife are splitting so I'm guessing that we are not likely to see the $'s.
I will say one thing it's has put a strain on our relationship and I'm guessing I won't see him for a while until he THINKS we've forgotten. Now we almost have the money saved up for our new kitchen and gee would that couple of hundred be good right now to get the little extra.
Would I do it again, not for him that is for certain.
My mom and I lent my sister money to get her car out of hock years ago. My sister has never repaid the money. She has talked about it but never done it. Also this was before she was married and didn't want her bf to know about her cash flow. He still doesn't know. I think that is part of the reason she doesn't want to be around us. We could use the money and yes, she has had it time and time again. IF her dh knew he would be paying us back ASAP.
If I ever lent money again, which I really doubt, I would have papers drawn up at my bank. Really I think loaning money is a good way to ruin a relationship friends or family.
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"Do the best that you can where you are, and be kind." by Scott Nearing
My family has had an old family adage, "never loan money out that you can't afford to be without". The outlook that I have is that when you loan someone money (or other things), you are doing it as a gift. And as with a gift, you are never to expect anything back. You do it to help someone, and this keeps you from heartache and strife (my mom's wisdom).
I have seen too many relationships ruined by promises to pay back money loaned out. I have also been burned by several people ( most of them family) when I did expect to get the loan paid back. So I just help when I can, and don't stress about it otherwise.
__________________ "Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting "...HOLY COW...What A Ride!"
If I had money to give I would but since I don't have extra money it isn't an issue since everyone knows we don't have a pot to psssssssss in.
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We loan money to our children and expect to get paid back even if we need to wait until bonus time or tax return time. The children have watched us borrow from our parents and grandparents, always paying back the loan, there has never been a problem. A family bank is much cheaper and friendlier than the bank down the street!
I will not co-sign with anyone, no use asking me, just won't do it!
To others we only loan what we can afford to give away.
Love & Prayers,
Linda
__________________ May God give you for every storm, a rainbow, for every tear, a smile, for every care, a promise, and blessing in each trial, for every problem life sends, a faithful friend to share, for every sigh, a sweet song, and an answer for each prayer. ~An Irish Blessing
"Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting "...HOLY COW...What A Ride!" 
