GUY LOAN FRIENDS MONEY LIKE FREE – HERE LOAN $10K, THERE LOAN $2K, BUT MONEY NEVER COME BACK

Will I ever see my money again?

I have a close friend whom I loaned >10k five years ago for their startup. The business is open today but apparently making very little profits. I am in no real desperate financial need as I have adequate savings, but I am just wondering about the chances I will ever be repaid.

I also loaned 2k to another friend who got scammed two years ago; they swore to pay me back but yeah, I have yet to see the money too.

Am I just a sucker for not demanding IOUs? How often do you all loan money to others? Did your friend pay you back without asking?

EDIT: Conclusion is that I am a succccccccccker.

Netizens’ comments

1. I’m afraid not. You’re a kind person but a bona fide succccccccccker.
2. my dad was the same way. even partially paid for his girlfriend’s HBD. lent his friends money even though he was struggling with 2 jobs.
   in the end none of them were there for him when things went downhill. sure some came to the funeral but the money gone with him to the grave. generosity is overrated.
3. Well, i am in need of few k.. how do i apply for ur friendship ?
4. For the 10k business that’s still open till today, u probably can ask them to include u as 1 of the owners and then get probably profit sharing till u have recoup ur money. Once recoup, from there, u can either juz leave (since u got back ur 10k) or juz continue being a sleeping shareholder loh.
   For the smaller 2k personal loan, I think it’s as good as gone also.
5. Why don’t you ask them to slowly pay you back $100 – $500 every month. If they can’t even do that count it as your money is gone and they have no intention of ever returning it. Don’t be a sucker in the future.
6. Stop lending people money. As a personal rule I am only willing to lend to immediate family and my best friend. Everyone else, no matter how close, is off the list.
7. One rule especially when you enter working life + for me to learn also:
   NEVER lend money (especially large amounts) to others.
   Have heard of many cases exactly like yours where someone lent like a lot of money to their friend and their friend disappeared/ghosted them and didn’t want to return the money.
   If I were in your situation, I would probably make a police report? I don’t know. What’s the best course of action for this?
   Off topic: The most money I’ve lent to a friend was $1 back in primary school when they forgot to bring money for recess 😂 and when I borrowed from them, I made sure to write down what I owed and pay them back the next day.