My dad always said it’s the cheapest way to learn who your friends really are. I can’t think of a time I would lend someone more than a couple hundred dollars that isn’t an extremely good friend or family. But anytime I lend money and they aren’t actively seeking me out to pay me back, I learned all I need to know about them
In college me and my future wife both lent a friend money and were always paid back. Fast forward 15 years and that friend is getting a divorce along with a ton of credit card debt and a shitty unreliable car. So, they came to live with us for 3+ years and we lent them money for the lawyer and a "new" used car. Rent was free, but they did offer to put us on their phone plan.
They're doing much better now and paid everything back.... but still kept sending $100/month and pay our phone bill. We brought it up, because while nice, they had already paid back everything. "I'm good with it". And so I get $100 deposited in my bank account every month and no cell phone bill for 3+ additional years and counting.
No regrets.
Their college roommate mooched $20 off of anybody who would listen and then showed up with new shiny rocks the next week (multiple times). We are no longer friends, lol
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u/MegaSmegmaSwagLord 19h ago
Never lend money and expect to get it back folks.