What to say to a friend who wants to borrow money?
“Next, offer an apology that you wish you could help him or her but unfortunately at this time you can’t,” she said. “Then follow up with the reason why you can’t help. Finally, wish the person good luck.” If you’re simply unwilling to lend the cash, Claytor said it’s OK to just be totally honest.
How do you say no to a friend who wants to borrow money?
Try the following:
- “I’m not really in a position to lend you money.”
- “I really don’t feel comfortable doing that.”
- “I’m sorry, but no.”
- “That’s really not feasible for me.”
How do you turn down requests for money?
Here are seven ways to turn down a request for money.
- 1 Sympathize with Their Situation. Being sympathetic is one of the best ways to turn down a request for money.
- 2 Be Honest.
- 3 Don’t Make Promises You Can’t Keep.
- 4 Respond to a Request within 24 Hours.
- 5 Offer Suggestions.
- 6 Be Firm.
- 7 Cosign.
What to say to someone who wants to be friends?
6 (Non Awkward) Ways To Approach Someone You Want To Be Friends With
- Highlight a similarity. The root of friendship is often an underlying similarity, whether it’s a shared interest, hobby, or sense of humor.
- Ask them questions.
- Give them a compliment.
- Offer help.
- Use humor.
- Be upfront.
How do you turn down a friend borrowing money?
Be Firm and Concise When you speak to your friend or relative, firmly explain that you’re not able to provide him with a loan. For example, “I’d love to help, but I’m just not in a position to lend you the money right now.” This is short and to the point and does not give your friend or relative much room for argument.
How do I lend money to a friend?
Tell your friend you will need to have a contract between you that spells out the total amount that you will lend (so that there will be no repeat visits to the Bank of Friendship), the repayment plan, the amount of interest you will expect, if any, and what will happen if your friend defaults on the loan.
What to say when someone asks you to borrow money?
1 Repeat yourself firmly, kindly, and gently “I’m sorry, but no. 2 Offer to help in ways that don’t involve borrowing or lending money What else can you do to help someone who wants to borrow money? 3 Expect disappointment and even anger
Is it bad to borrow money from a friend?
Saying no to friends or family members asking to borrow money is hard, and the truth is you might not be able to say no without damaging your relationship. However, loaning them money is almost guaranteed to damage the relationship. You’ll also be financially poorer, at least for some time.
What to do if a friend won’t pay back a loan?
But here’s the thing: If your friend has fallen on financial hardships, it’s pretty unlikely that he’s going to be able to pay you back. If you have the resources, just give them the money — no strings attached. Tell your friend to pay it forward one day, when he’s in the position to do so. If You Must Loan, Get It In Writing