Friend Takes Forever To Pay Back $6,000, Is Shocked Woman Won’t Lend Her Any More Money

Our friendships are supposed to be sources of joy, but when money gets involved, things can become complicated.

A woman who goes online by the nickname Goldilock1234 shared her experience with this dilemma on the family and lifestyle forum Mumsnet, under the Am I Being Unreasonable category.

The single mom recently received additional funds and gave her friend a substantial sum to cover an urgent mortgage payment. But as time passed, the friend didn’t seem to be interested in returning the loan.

This woman was contacted by her friend, asking to borrow money for a mortgage payment

Woman on phone, thoughtful expression, by a window, discussing a friend's delayed repayment.

Image credits: Ave Calvar (not the actual photo)

However, when the friend got back on her feet, she chose to go on expensive trips and buy a new car instead of repaying what she owed

Alt text: "Friend asking for money; single mom's financial backstory shared.

Text about a friend requesting a $6,000 loan, promising quick repayment, but failing to pay back.

Text detailing frustration over late repayment of $6,000 loan.

Text about a friend spending on luxuries while owing $6,000, causing stress to the lender.

Woman on phone driving, illustrating friend taking forever to repay debt.

Image credits: Getty Images (not the actual photo)

Friend delays repayment, vows not to lend money again expressed in text.

Text message about friend asking for a $4,000 loan again, promising repayment next week, despite past delays.

Text message expressing disappointment in friend over money lending issues.

Text discussing financial concerns about lending money to a friend who delays repayment.

Image source: Goldilock1234

As this experience illustrates, money is a known destroyer of friendships

Earlier this year, Bread Financial, a financial services company providing payment, lending, and saving solutions, conducted a study and discovered that lending money to friends can, indeed, come at a high cost.

More than half (57%) of respondents reported borrowing money from friends at some point, with bills being the most common reason at 63%.

However, nearly a third (30%) of these borrowers also admitted they have never repaid their friends. This often leads to friction in friendships, with 33% of respondents indicating that repeated borrowing without repayment was a top driver of relationship tension.

Among the most interesting findings, 21% of the 1,670 people surveyed have lost a friendship over money, and 26% feel they are financially incompatible with their friends.

Woman looking stressed, sitting on a couch, with hands on her head, frustrated about unpaid $6,000 loan.

Image credits: Curated Lifestyle (not the actual photo)

Lending money to friends and family can unite people in times of hardship, but as we just read, it can also complicate relationships, largely because “so much of our financial decisions involve emotions,” says Michelle Singletary, author of a number of books on money management, including What to Do With Your Money When Crisis Hits: A Survival Guide.

We have to be able to say no to people in these situations.

“You cannot potentially sink your own ship to bail out someone else,” Aja Evans, a board-certified therapist who specializes in financial therapy, tells CNBC Make It.

That’s not to say having that conversation is easy. Close friends or family members, Evans says, may be aware of the things you’re spending money on, like clothes or vacations, and make judgments about what they believe you can or can’t afford.

But no one knows your money better than you. “Just because you have it in your account doesn’t mean you can give it,” she adds. “Especially if you know other bills are coming.”

People were really supportive of the woman

Text in image advising against lending more money to a friend who won't repay.

Text from a forum advising against lending money to a friend who hasn't paid back a previous $6,000 loan.

Text conversation warning against lending money to a friend who delays repayment.

Comment on lending money, advice against feeling guilty for not lending more.

Text conversation about a friend who takes too long to repay money, with a saying: "Fool me once, shame on you.

Text emphasizing boundaries in a financial friendship situation.

Text discussing irresponsible financial management by a friend.

Text response about a friend taking years to repay money and not lending again.

Text response advising against lending more money to a friend who delayed repayment.

Text exchange about a friend delaying repayment of $6,000, advising not to lend more money.

Text conversation about a friend's delayed $6,000 repayment and reluctance to lend more money.

Text discussing issues with a friend paying back money and advice on financial management.

Text advice on friendship and money, emphasizing boundaries and saying no to lending money again.

Text advising against lending more money to a friend who hasn't repaid a previous $6,000 loan.

Comment about a friend exploiting kindness and not repaying a loan.

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