Help on getting a loan returned from a good friend?

Stacy, you know I’m not in the best of times right now, I could really use some money I loaned you a while back.

If it doesn’t go as planned, just laugh about it and ask someone else :p

Remember that if she really is someone you’d want to consider a “good friend,” she will be receptive to your asking for the return of the loan.

I think @crunchaweezy gave a great example of a way to start the conversation.

Say, friend, a financial situation has come up recently and I need the money I loaned you.

Judge Judy and she will say, “Never loan money to friends!”.

The operative words here are ” without jeopardizing the friendship”

The plain fact of the matter is that just the fact that you need to be doing the asking is already heading for a high potential of jeopardy. If she procrastinated or gives an excuse, it will be very difficult for you to feel the same way about her.

Shakespeare put it best:

Neither a borrower nor a lender be, for a loan oft loses both itself and friend.

Sorry about that but there is much truth in that.

I have a rule. Never loan money to friends I want to keep.
If I loan money to friends, I decide ahead of time not to be upset if I never get it back.

@Judi. That’s exactly what Oprah says she does. She says that she regards it as a gift because the friendship is more valuable to her.

But I hesitated to mention it because, let’s face it, Oprah has more money than God so she can well afford that viewpoint—certainly with much more ease than most of the rest of we mere mortals. :)

Definitely ask for the money and if it does make your friend feel embarrassed, she should. If her situation is better and yours is worsening and she knows it, she better be doing everything she can to pay you back asap. Real friends would, anyway.

“Without jeopardizing the friendship” is pretty hard to do. This is why I don’t lend money to friends, if I give money I give it as a gift and don’t intend to have it returned to me. You simply don’t mix business of any type with friendship if you want to avoid headache as I do.

Of course that doesn’t help your current situation. I would simply approach them and be honest, and ask for any amount they can contribute to repaying the loan. But honestly, I advise not loaning money to friends in the future. It can break friendships.

if she was that good of friend, you would’nt have to ask for your money back!