Would you loan money to people you work with ?

[kingdom warrior]

I don't loan anyone money. I give them Money with no expectations of them ever paying back. You'd be surprised how people will go out of their way for you afterwards.

[Cosmicman]

I loaned my best friend $1,000.00 and I held my breath knowing I would get it back. It scared me at first but deep down I knew he was waiting on a 10,000 stock payout from his deceased father's estate. They were shutting off his lights and stuff and I just went and did it.

Several months later he gave me the money back plus three hundred dollars for the trouble and he wouldn't let me not take the three hundred bucks.

If you really trust someone and know them well, do it. If you have the slightest reserve in your head, do not do it. I have been screwed by people that I know I should have listened to my conscious.

[GSPUSA]

It all boils down on the person who's asking, your relationship with them and if you've got the funds. From there, back your own judgement

[JDeRouen]

The last time I loaned money to someone I worked with was in 1991. It was just $5.00, but of course I never saw it again.

I will loan money if I have it and if the person is someone I think I can trust, but, as someone said earlier, you do kind of have to loan only what you can afford to lose, because once it's out of your hands, you may not actually be paid back.

[txteach]

I loaned $350 to my best friend back in 1996. He never paid me back and cut ties with me about 3 months afterward. I was extremely hurt and disappointed. I would still loan money to friends but only in very small increments. Large loans by friends could hurt your relationship. The guy I loaned the money to was like a brother and th have a 15 year best friend destroy your relationship just wasn't worth it.

[wolfie]

I once loaned a girl i worked with 2k to buy a car. She paid back every penny even though she left the company half way through.

These guys of your's are not the sort to loan money to as they spend all their's and then want your's.

[Gorn Captain]

If I liked and trusted the person, I throw them a 20 once in a while (if I could spare it)

Say, Mike, could you...you know...lend me $20?
You know I'm good for it....

[Gorn Captain]

So, does anyone have a 20 they can spot me? I'll pay it back the second Tuesday of next week.

Ask Mike.
But remember, I asked first...

[mitchedwards]

Best way to loose a friend is to loan them money. Loaning money changes the dynamics of the relationship.

If someone is in true need I'd rather just give them the money and not worry about them paying me back

[Seaghost24]

The thing about $ is that is always creates a sort of awkward buffer between people. I have never ever in my life borrowed $ from anyone even my parents. However about 3 years ago, I asked my Best Friend for some $, it was the hardest thing I ever had to do, made me feel very weak, and small. I promised I would pay it back, but with no guarantees of when. Which was the truth. I was in a terrible way (and I think she could see that for herself) long story. However she just hugged me and said whatever you need, if I have it it's yours, and that's exactly the way I felt. I was scared taking the $, and it never felt good to do so, but paying back, (even though it did take some time) wow, that's a feeling like no other. Never been in that place again, and hopefully won't. I guess I kind of feel like if people are aways asking you for $, somehow they have targeted you maybe as a pushover (I know, I am a fr'kn doormat) but somehow you just have to be in control of yourself and your funds. Take care of you first, and then if you feel like giving it away, it's yours to do so. I have found it much easier to just ask what the money is for, and then offer to pick up what they need, or pay the bill for them, then I usually don't get asked again. LOL I think most people just ask to see if we give.

[Gorn Captain]

Last year, my best friend started a collectible store. Because I sometimes sell figures, I put them in his store. He took 20% off the selling price, the rest was for me. That was cool with me.

But business is slow in his store. After a while, I'm no longer told when my stuff sells. When I ask for it, he says he can't give me my money, because he used it to pay his bills. Then I notice he has sold more of my stuff and didn't say anything, again!
Then I see items of mine that suddenly "belong to the guy he's running the store with."

I pulled all my stuff out. The end of 15 years of friendship. He was a brother to me.

Money messes it all up....

[tomstoyz2]

I wouldn't loan co-worker money unless they were a very good friend & I could afford it if they didn't pay it back. Otherwise, don't do it!

[ScottA]

I'll buy you a soda from the machine if you don't have change or will catch you at lunch when you're short. But if you come at me week after week for a $20 then no.

[Gorn Captain]

OK, so I can get a 20 from Mike, and lunch and a soda from Scott.

This forum is finally starting to pay off.....

[Adam West]

I have never been asked to borrow money....I don't carry much cash around to begin with so I would really have to go out of my way even for a $20 loan.

As others have said, if this person was a really good friend, I'd loan him/her the $20 knowing that I probably would never see it again. If the money was returned promptly, then I wouldn't think twice about loaning again. However, if the person did not return the money and asked for another loan, I would ask about the original $20 and tell them that I could no longer loan them money until they were committed to pay back the money through actions and not words.

I have borrowed money from my mother before to help with a first home purchase....$10,000 (talk about a leap of faith). I paid her back every cent as fast as I could with interest. She didn't want the interest but I insisted on paying her back at least what she would have earned in a bank account.

On the flip side, there is an employee here who I know (not really well) but well enough that we know each other's names and say hello as we pass through the hallway. She suffered a terrible tragedy a year or so ago that included her house being burnt to the ground and losing a child. The company asked for donations to help get her on her feet. I wrote her a personal check for $100. This was a gift, not a loan. I remember talking to my wife about it and asking her if she would be upset if I helped out as I felt compelled to do so. She never thanked me. Maybe between the grief and loss she had experienced she forgot or maybe she felt ashamed. I didn't do it looking for accolades or anything but it always sticks with me when I see her.