When is it okay to remind friends who owe you money to pay you back?

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I'm talking small amounts, and loans to people who have money (i.e., on the basis of making a group reservation with one credit card, or when someone says "hey I don't have any cash on me and i don't see an ATM").

Maria (Maria), Saturday, 11 September 2004 16:59 (twenty-one years ago)

the next day

s1ocki (slutsky), Saturday, 11 September 2004 17:02 (twenty-one years ago)

i think on-the-spot-oops-i-forgot-to-go-to-the-bank-machine loans are pretty much instantly recallable

s1ocki (slutsky), Saturday, 11 September 2004 17:03 (twenty-one years ago)

Some people are a lot better than others at this. I have had someone owe me £100, then he "lent" me £20. He asked for it back two days later, which really really annoyed me.

I dunno. Reminding them they owe you it is handy, though.

___ (___), Saturday, 11 September 2004 17:03 (twenty-one years ago)

How much is "small amounts"? If it's $5, you'll look like a cheapskate if you pester the friend for it, but if it's $20, you're perfectly justified asking for it back later that week.

stockholm cindy (Jody Beth Rosen), Saturday, 11 September 2004 17:08 (twenty-one years ago)

You need to get the ILX Strike Squad after them (we're the ones doing things like tracking down Luna's coworkers and lecturing them for follies).

Ned Raggett (Ned), Saturday, 11 September 2004 17:10 (twenty-one years ago)

it's $45

Maria (Maria), Saturday, 11 September 2004 17:13 (twenty-one years ago)

What if you made something for a friend in April and agreed on a price, and they still haven't paid you by fall?

tokyo rosemary (rosemary), Saturday, 11 September 2004 20:38 (twenty-one years ago)

want me to kick their ass for you, rosemary?

stockholm cindy (Jody Beth Rosen), Saturday, 11 September 2004 21:09 (twenty-one years ago)

You just ask, apologetically but firmly, for the cash as, I dunno, you need it to pay a debt you owe. They'll be fine with that.

Markelby (Mark C), Saturday, 11 September 2004 21:11 (twenty-one years ago)

Why you need the money back isn't anybody else's concern. People should repay debts as soon as they are able, not based upon the financial needs of the lender.

Just remind them politely.

Barry Bruner (Barry Bruner), Saturday, 11 September 2004 21:42 (twenty-one years ago)

Do you regularly make communal purchases with this person or was it a one off thing? If so, maybe next time you can say something along the lines of "ok, it costs $X, since you still owe me $Y..."

mouse (mouse), Saturday, 11 September 2004 21:44 (twenty-one years ago)

Maybe when you're with them and they're buying something, because they can't say no if they're spending money.

Elisabeth (Elisabeth), Sunday, 12 September 2004 08:51 (twenty-one years ago)

i think the way to get it back the fastest way is to add *interest*.
"hmm how much was it again? 50, right?"

or to go to their house and say "what's this worth?"
then if you find sth for that amount, put it in your pocket.

jesus nathalie (nathalie), Sunday, 12 September 2004 09:35 (twenty-one years ago)

I was watching a television economic advice columnist (or something like that) who has her own show the other day, and she advised that you should never, ever lend friends money.

Her argument was: a) they most likely won't ever pay you back, b) you'll get sick and embarrassed of having to remind them repeatedly, and c) it'll always be the first issue that jumps into your mind whenever you see them or talk with them. Ergo, the act of lending to a friend is more often than not destined to damage if not completely ruin the friendship (though I guess one should also say, if the friend doesn't pay you back, what kind of a friendship was it to begin with...).

By the context, I wasn't sure if she was only talking about large sums of money or more money than you yourself are willing to be able to part with if need be, or if she meant literally never any lending with friends whatsoever.

Joe (Joe), Sunday, 12 September 2004 09:59 (twenty-one years ago)

i think the way to get it back the fastest way is to add *interest*.
"hmm how much was it again? 50, right?"

or to go to their house and say "what's this worth?"
then if you find sth for that amount, put it in your pocket.

um... no, don't do that. That's if you're a heavy for a loan shark, not if you're a friend.

Tonight at ten (kenan), Sunday, 12 September 2004 10:01 (twenty-one years ago)

When is it okay to remind friends who owe you money to pay you back?

When you bloody well feel like it. What's all this being uncomfortable and socially unsure of yourself around your "friends"?

Tonight at ten (kenan), Sunday, 12 September 2004 10:02 (twenty-one years ago)

So hang on a sec, let's look at this from the other side of the coin. Would ANY of us resent paying back a friend after we've borrowed money off them? Would we refuse? Would we make excuses?

People are forgetful and lazy, but you'd have to be actively bad not to at least want to pay back your debts (assuming you *can*, of course). The vast majority of people aren't like this. So why do we make it such an issue? Mainly because of the possibility of embarrassment, humiliation and a questioning of friendship between the two parties, even if these are all on the smallest level and, most likely, imaginary.

Markelby (Mark C), Sunday, 12 September 2004 10:40 (twenty-one years ago)

i was merely kidding!

jesus nathalie (nathalie), Sunday, 12 September 2004 10:46 (twenty-one years ago)

I know, so was I.

Tonight at ten (kenan), Sunday, 12 September 2004 10:54 (twenty-one years ago)

Her argument was: a) they most likely won't ever pay you back, b) you'll get sick and embarrassed of having to remind them repeatedly, and c) it'll always be the first issue that jumps into your mind whenever you see them or talk with them. Ergo, the act of lending to a friend is more often than not destined to damage if not completely ruin the friendship...

Jesus shit. This woman needs some new friends pronto. Look.. I'm not saying you shouldn't count anyone as a friend that you wouldn't trust with your money. That would be silly. Just DON'T LEND ANYONE YOUR MONEY THAT YOU WOULDN'T TRUST WITH YOUR MONEY. If you have done this and find yourself uncomfortable asking for it back, it's really mostly your mistake.

Tonight at ten (kenan), Sunday, 12 September 2004 10:57 (twenty-one years ago)

I mostly make it a policy not to lend anyone money, anyway. There are certain exceptions, up to about thirty bucks. But if someone doesn't have any money now, it's a pretty good indication that they won't have any moeny in the near future, either.

Tonight at ten (kenan), Sunday, 12 September 2004 11:08 (twenty-one years ago)

er, so how do you tell a friend that you can't loan them money because you don't trust them?

stockholm cindy (Jody Beth Rosen), Sunday, 12 September 2004 13:38 (twenty-one years ago)

"I don't trust you." If they complain, tell them they are a bad friend.

Ned Raggett (Ned), Sunday, 12 September 2004 13:45 (twenty-one years ago)

i loaned my friends' band some money last year to cover part of their recording costs. two of them were really, really anal and obsessive about paying me back every month, another wasn't, but he had other things going on. still, I would get chapped when he'd go and buy a new $800 guitar and hadn't payed me a $20 installment in three months. He did pay up though, but I still wouldn't do it again, mainly because I hate asking for the money.

kyle (akmonday), Sunday, 12 September 2004 14:51 (twenty-one years ago)

Maybe the columnist was talking about big, serious loans of the type one would normally be expected to go to a bank for. I can't believe she had a policy of refusing friends the cash for dinner when they've left themselves short or whatever.

Alba (Alba), Sunday, 12 September 2004 14:59 (twenty-one years ago)

"Waiter - please eject my fellow diner from the premises. He hasn't got the money to pay for his dessert and I have no intention of bailing him out."

Alba (Alba), Sunday, 12 September 2004 15:00 (twenty-one years ago)

I have no problem asking friends to repay me money, and I expect the same when I owe them. People need reminding sometimes. I very rarely borrow or lend more than £20, though.

Wooden (Wooden), Sunday, 12 September 2004 15:00 (twenty-one years ago)

I'm perfectly capable of forgetting that I've borrowed money. I certainly wouldn't take offence if I got a reminder. In fact, if I have to borrow money I usually say something along the lines of "don't be embarrassed about reminding me to pay you back because otherwise I could easily forget".

frankiemachine, Sunday, 12 September 2004 15:11 (twenty-one years ago)

I think it's ok to remind them as soon as you become aware they've got the money to repay them. Eg when they are talking about buying the new guitar you say "oh, can you give me that $..."

Occasionally I borrow money, usually because it is easier than splitting a bill. And I am always super grateful to be reminded of how much and who to. It is easy to lose track and wander round looking like a bludger when you didn't mean to be.

isadora (isadora), Monday, 13 September 2004 02:08 (twenty-one years ago)

with some friends, never.

with others, anytime.

Ronan (Ronan), Monday, 13 September 2004 14:28 (twenty-one years ago)

You need to get the ILX Strike Squad after them (we're the ones doing things like tracking down Luna's coworkers and lecturing them for follies).

WORST STRIKE SQUAD EVER!! "Ooh, watch out, if you mess with me I'm gonna get some ppl to LECTURE YOU FOR YOUR FOLLIES!", wtf? Poor Luna.

Daniel_Rf (Daniel_Rf), Monday, 13 September 2004 14:48 (twenty-one years ago)

Do you not appreciate the value of understatement, you becalmed-in-the-Atlantic savage?

Ned Raggett (Ned), Monday, 13 September 2004 14:49 (twenty-one years ago)

I'd rather be reminded. I forget I've borrowed money all the time. Sometimes, I think I've paid people back, and I haven't. Sometimes, I go to give them money and they say 'you've already paid me'.

So..remind them. Its so much better than getting angry about it. Mostly, they'll just be embarassed that they forgot.

hobart paving (hobart paving), Monday, 13 September 2004 14:53 (twenty-one years ago)

No Ned, ILX has ruined me so that I would only get it if you had made a second post going "haha, 'lecture'", I'm afraid :(

Daniel_Rf (Daniel_Rf), Monday, 13 September 2004 15:05 (twenty-one years ago)

You are still happily part of the collective.

Ned Raggett (Ned), Monday, 13 September 2004 15:05 (twenty-one years ago)

two years pass...

Help, I'm really embarrassed asking for money from my friends but a good mate of mine has owed me £200 for over 2 months, I've brought the subject up several times (the first time she said 'yeah I've been feeling guilty about that') but as I don't live near her and she doesn't have internet banking I don't know how to keep asking. It's happened a few times before but I thought with a large amount of money it wouldn't get forgotten. I'm not doing it again though.

Not the real Village People, Tuesday, 28 August 2007 22:22 (eighteen years ago)

With small amounts of money, me and my coworker would always say to each other, "Any chance I could borrow $5? Oh wait, you owe me that much." I don't know how well it would work in other situations, as it was known to be a genuine request but also what we understood was a silly joke.

Abbott, Tuesday, 28 August 2007 22:28 (eighteen years ago)

I'm the rare person that feels bad if I owe someone $3 though. I give it back a week later or less and generally get baffled reactions like, "Why are you paying me back?" wtf?

Abbott, Tuesday, 28 August 2007 22:28 (eighteen years ago)

xp Well if it's a "good mate" then you should be able to openly discuss it. On the telephone. Or something.

I remember when i was in year 12, I owed this fucking guy 10 cents (i can't remember why) and he made a note of it in his diary. :/

W4LTER, Tuesday, 28 August 2007 22:30 (eighteen years ago)

I often forget that I've lent people money! After multiple instances of offering me a stack of bills, only to have me look befuddled and say "What's that for?", my girlfriend swears that she's just going to take me for a ride one of these days.

jaymc, Tuesday, 28 August 2007 22:37 (eighteen years ago)

Yeah, you are the kind of person I end up borrwing money from.

I don't much mind if I loan a person a couple bucks and they don't pay back, but if I loan someone a PEN and they don't return it, I get upset. I am very prompt and up front in asking people to return my pens. I really like my pens.

Abbott, Tuesday, 28 August 2007 22:40 (eighteen years ago)

Funny this thread should be revived now. Just today I was put in the position of having to ask a friend to pay me back ~$12 after letting about a week go by and him not make any moves towards reimbursing me. Actually it was a series of progressively heavier hints, starting with "Man, we had fun last week. I was kind of drunk on (x); what were you eating and drinking again?" and ending with "uh... I was drinking so I don't really recall... how did we split up the check last week?".
This was after an occasion for him to pay for some food of mine in kind (in case he would have preferred that) had come and gone.
I have some friends who are like brothers to me, and I would gladly pay for anything of theirs without expecting to be paid back, but this person is not in that class, he's a classmate.

Dan I., Wednesday, 29 August 2007 01:41 (eighteen years ago)

(he wasn't drinking alcohol last week by the way; he actually hadn't forgotten the debt, but I suspect he thought that I had)

Dan I., Wednesday, 29 August 2007 01:45 (eighteen years ago)

http://content.ytmnd.com/content/f/a/d/fadd6ae9175007a98281ffe506cd7874.jpg

tokyo rosemary, Wednesday, 29 August 2007 02:50 (eighteen years ago)

I lent an ex of mine a significant sum, as did my best friend, so he could fly over here to see me when we were together (9/11 had fucked up the plane flights he'd planned, money ran out etc)

He broke off our engagement about 3 months after he returned to Canada, and I only ever saw about $200 of the 4-figure amount he'd been loaned. We dont even speak anymore (not that I am bothered by that, but still).

Its weird, I dont feel bitter about it, I just find it sad that a person you once regarded a friend could behave so disappointingly.

Trayce, Wednesday, 29 August 2007 03:02 (eighteen years ago)

HAHAHahahaha that's one of my favorite KITH skits. I love the Brucio so much.

Maybe I oughtta get me one of those pen-on-a-tether hats.

Abbott, Wednesday, 29 August 2007 03:23 (eighteen years ago)

xpost obv, that's sad Trayce :(

Abbott, Wednesday, 29 August 2007 03:23 (eighteen years ago)

oh fuck, now i have the fear i owe someone £££ and have forgotten. guys, if i owe any of you anything, pls to remind me.

lending ppl money is ace. mostly because i sort of forget about it after a little while and they tend to remember to repay me exactly when i need it most, when i've completely run out of cash or when i've just found something i really really want that costs slightly more than i feel i should pay for it.

emsk, Wednesday, 29 August 2007 08:22 (eighteen years ago)

I hate being fussy about splitting bills and lending money. So if it's a small amount, I don't tend to ask it back. i do realize, when it's being done, that it all adds up, but I hate bringing it up anyway cause.. well they are friends and I would hate it if they thought of me as a stickler (if that'st the right word for it) and anyway it's a small amount anyway.... :-(

nathalie, Wednesday, 29 August 2007 08:40 (eighteen years ago)

I very nearly fell out seriously with a friend who owed me a few hundred euro but was taking months longer than expected to pay me back while living the high life etc. Sitting down and explaining why I was so upset helped. We're cool again anyway.

kv_nol, Wednesday, 29 August 2007 08:51 (eighteen years ago)

Emsk! I have just remembered I owe you £5 for the poster at Howling Bells!

The appropriate answer for small amounts is, the next time you see them with money. As they are about to go to the bar at the pub is usually a good time. However, all your money will go on the next round. Which is usually what I want it for, anyway, so that's OK.

Large amounts? I do not lend any amount of money that it would not hurt me if I didn't get it back.

Ed, I owe you money for the pedal, let me know if you are going to Sande's show and I will pay you then.

Masonic Boom, Wednesday, 29 August 2007 09:13 (eighteen years ago)

haha brilliant! i had totally forgotten about that... the timing isn't usual though, i have just been paid. though i have just bought an expensive book...

emsk, Wednesday, 29 August 2007 09:21 (eighteen years ago)

Tell us which book! :-)

Kate's right. But I still can't bring myself to do it. :-( I'm silly, no?

nathalie, Wednesday, 29 August 2007 09:23 (eighteen years ago)

We have already established that I have no shame or social skills.

Masonic Boom, Wednesday, 29 August 2007 09:24 (eighteen years ago)

this is the book - http://ec1.images-amazon.com/images/I/517UY%2Ba8j6L._SS400_.jpg

anyway the answer is whenever - flip the situation and do you mind being reminded when you owe someone money?

emsk, Wednesday, 29 August 2007 09:30 (eighteen years ago)

flip the situation and do you mind being reminded when you owe someone money?

When I have some money in my hand, usually as I'm in a pub, as I know that I am likely to be bought a drink out of the money I pay back! ;-)

Cheeky, yes.

Masonic Boom, Wednesday, 29 August 2007 09:34 (eighteen years ago)

I mean, "pay me back the £20 you owe me, and I'll buy you a drink" is not a bad deal as far as loans go. It softens the awkwardness of having to give back money with the niceness of lovely lovely booze.

Masonic Boom, Wednesday, 29 August 2007 09:35 (eighteen years ago)


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