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For questions related to private lending between individuals that (usually) does not pass through a third party, e.g. a bank or other financial institution.

13 votes

What should I do when my friend doesn't pay back a loan I gave him?

Pay the credit card bill and next time either gift the money or not, but do not lend to friends without sufficient legal documents. How quick can you have the 5K paid off?
Pete B.'s user avatar
  • 79.6k
12 votes

Friends come with hat in hand, but I don't think it will help

IMHO these people need to understand finance. I think Dave Ramsey is the best for this kind of situation. They need their butts kicked. What kind of parent spends money on playing cards when they h …
Pete B.'s user avatar
  • 79.6k