He seems like a person with no financial planning, do you think he can manage his money, able to pay back the money to you in future?

silent_stalker

If you want to lend money to your good friend and you afraid he can't pay you back, just don't lend it. Thats it. When you want to help a friend in term of money, just don't think so much whether he will return the money or not. For save bet, you just lend a sum of money that you can afford to lose.

Ok now you decided to lend him money, so you guys sign black & white agreement. The worst scenario, let's say he doesn't want to pay you back and run away from you, you wanna sue him? You can sue him but for sure it will ruin your friendship with him. This friendship is worth 15k, quite expensive I would say.

This post has been edited by la bella: Jul 11 2014, 03:32 PM