Hello there, I’m hoping to get some insight into a small problem I’m having with a good friend.
I loaned my good friend around $500 in January. We’ve been friends for years and she’s normally very responsible and a loyal friend. The job market for her field isn’t the greatest, so when she was job searching last autumn, she was only able to find a job that gives part-time hours to new hires. I loaned her the money, and she assured me that she’d pay me back within two months, once her situation evened out and she accrued more hours. My husband and I had no problem with these terms.
That was a few months ago. She paid me a small sum of money in February, but she still owes me a few hundred dollars. In the past few months, she’s flown across the country for a weekend trip and then invited me on another trip she’s planning in a few months. She’s also posting pictures rather often on Facebook when she’s out at bars, restaurants and clubs. I have no problem with her having fun, but I know that going out twice a week can get expensive, especially if you factor in dinner and a cab ride. When we talked about her paying me back (one month ago and then a week ago), her reasoning is always the same; she said she still needs to get her finances in order and she’s really embarrassed that she owes me money.
I guess I’m feeling a little judgemental that she’s “living the high life” (or at least giving the impression on social media), but still owes us hundreds of dollars. We are trying to save up for a down payment on a house, and right now, every penny and every point on our credit score counts. I’m just not sure how to address it with her that I think it’s inappropriate that she’s spending all of this money and still owes us. I know it could always be worse, it IS only a few hundred dollars, not thousands, but it’s also the principle of the matter. But I don’t know what to say to her that expresses that the grace period has come and gone, and we’d like the money back based on the terms we agreed to.
Thanks so much for any insight 🙂 0427-15
You should accept the fact that you will never see that money again, write it off as a lesson learned and never, ever loan this person money or anything of tangible value to her again.