My friend won't pay me back after I loaned her $2,500. How do I ask for repayment without ruining our friendship?
"For Love & Money" answers your relationship and money questions. This week, a reader loaned money to a friend, but hasn't been paid back.
Dear Not a Loan Shark, I understand that you've loaned your friend $2,500 and now you're struggling to ask for repayment without damaging your friendship. In this column, our columnist suggests setting clear boundaries and weighing the importance of the friendship versus the repayment.
The columnist advises treating the situation as if it were a gift rather than a loan. By reframing the money as a gift, you can prioritize the friendship and avoid resentment. However, it's essential to acknowledge that this approach might not guarantee the repayment of the money.
In conclusion, you have two choices: either decide to preserve the friendship by accepting the loan as a gift, or risk the friendship to get your money back. Consider your friendship's true nature and decide what's most important to you.
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