How do you collect from a longtime friend?

[all_wade]

I let my friend bet on my bookie account (i know bad idea). But he lost 1k at first and paid me and wanted me to ask the bookie for 2000 more credit. He lost that 2000 on 4 soccer games (he knows jack-shit about soccer). It's been a few months now and I know he doesn't have the money. I'm thinking about letting it go as 2000 is not that much to jeopardize our friendship, but he let me borrow to pay off a couple of loans a month ago and now is asking me to pay him back. He loaned me about 1500. I don't really want to remind him of the 2000 he owes me but do I have any other choice?

[flyingillini]

I don't surround myself around people who would even ask me for a loan. I wouldn't loan them money anyways, it would never happen.

[Cuse0323]

Tell him he still owes you 500.

[pavyracer]

don't mix money with friendship..actually never loan anyone money

[JW Cash]

thats tough....should never let someone bet on credit....gotta have to money up front..just sayin...

[Dad]

Break his knee caps. He'll pay up.

[mtneer1212]

I have a friend who is a poker player...... all gamblers go bust once in a while, and we've owed each other as much as 4000 dollars at once. Right now, I owe him about 1000 dollars. It is always good to have an out, but we are always good about paying each other back.

[stealthyburrito]

you will never see that money ever again, on top of that you've lost a friendship. sorry, hopefully lesson learned bud.

[mtneer1212]

Basically, I would have a sit down with him and talk about the loan, the bets, and where you feel that he stands, and he can relay where he thinks that you stand, and come to a compromise. If the friendship is really there, you will work it out as long as no one gets emotional.

[Rush]

you can loan me money all_wade. i always pay back

[THE PROFIT]

that is the dumbest shit I've heard. He owes you money & you're worried about his feelings????

He had the nerve to ask you to pay him $1500???

I can't believe you would ask a question like this

[warriorfan707]

that is the dumbest shit I've heard. He owes you money & you're worried about his feelings????

He had the nerve to ask you to pay him $1500???

I can't believe you would ask a question like this

this

[gryfyn1]

Never lend someone money you plan on getting back --

[chilidog]

I'd just ignore the issue until he brings it up again that you owe him $1,500...then tell him that as soon as he repays you the $2,000 that he owes, then you can repay your loan to him. Bottom line is that he still owes you $500.

[THE PROFIT]

Never lend someone money you plan on getting back --

Never lend a WOMAN money you plan on getting back!

[Sam Odom]

[mathdotcom]

don't mix money with friendship..actually never loan anyone money

Good advice pavy

You're really helping him out in his current situation


Dude, you have to remind him of the bets. This is the PERFECT time. Be glad that you'll be down at most $500 now. What does he think, your bookie won't collect the 2 dimes from you?

[Rich Boy]

Tell him to play at CW

[eidolon]

the fact that he is asking for the 1500 seems odd. He has forgotten that he owes you money, or something is up.
Why would you "borrow" money from someone that owes you money? That doesn't make any sense.
Like what others have said, sit down with the guy, and talk about the money is being owed to each other. Work something out. 500-2000 dollars isn't worth losing a real friend over.

Payment plan? Ask him to pay you a 100 a month for the next 5 months.
I lend money to family and friends (amounts I don't care if they pay back or not) with out a set time for them to pay me back. But when I have borrowed money, I have always set up when i would have them payed back by; so it is something over my head that i want to get rid of.

[warriorfan707]

the fact that he is asking for the 1500 seems odd. He has forgotten that he owes you money, or something is up.
Why would you "borrow" money from someone that owes you money? That doesn't make any sense.
Like what others have said, sit down with the guy, and talk about the money is being owed to each other. Work something out. 500-2000 dollars isn't worth losing a real friend over.

Payment plan? Ask him to pay you a 100 a month for the next 5 months.
I lend money to family and friends (amounts I don't care if they pay back or not) with out a set time for them to pay me back. But when I have borrowed money, I have always set up when i would have them payed back by; so it is something over my head that i want to get rid of.

[ProfaneReality]

Tell him you had to cover his losses... this seems pretty simple.

[THE PROFIT]

yeah, how do you borrow money from someone who owes you money? All you've done is collected 3/4 of debt. Next time he asked me for money I'd uppercut him in the taint!

[EDDIE MONEY LINE]

you either man up and get ur $500, or u punch him in the face and call it even...problem solved

[acarmelo1]

I asked $3,000 to my dad to buy my car and I pay him $125 per month, just look for a payment plan for the remaining $500. Tell him that he still owes you $2,000

[sundin4prez]

if you tell him that your not paying the 1500 and want your other 500 its not going to end well..... i would just pay back what i borrowed then let some time pass and then ask for my money back...

[Holtgetsback]

if you tell him that your not paying the 1500 and want your other 500 its not going to end well..... i would just pay back what i borrowed then let some time pass and then ask for my money back...

[warriorfan707]

[gryfyn1]

"If you lend someone $20 and never see that person again... It's probably worth it. "

[Saunders FTW]

Thats tough

[obamaismyuncle]

don't mix money with friendship..actually never loan anyone money

[acarmelo1]

My father loaned me money , and I am paying him. Did he did a bad thing?