I do not think you have done anything wrong here. It does not matter to me if you are family if you are not trustworthy then it is too risky for me to lend you money.
It becomes complicated with family members wanting a loan. Hard to say no when we know they can use the money. I did loan money to my mother RIP but did not ever ask her to pay back the loan. But this can not be the same situation for a relative like a cousin.
Topic: Lending money or damaging family bond ? - page 8. (Read 1434 times)
In essence, if someone we lend can be trusted, there is no reason not to lend money if you can afford to lend that money. if someone you don't trust borrows money it's better not to lend it because it will affect yourself from your financial side both within your family or other people, especially if you don't have collateral to pay, I think it will make it difficult for you in the future to get your money back.
But yes, there are some people who give up their money for family relationships, and even that is not wrong, in my opinion, depending on the orientation of each other's thoughts.
But yes, there are some people who give up their money for family relationships, and even that is not wrong, in my opinion, depending on the orientation of each other's thoughts.
I just borrowed "money" to a friend to send his daughter for drug rehabilitation and I know the chance of her recovery are very low, but I did it any way. He will most probably not be able to pay me back, but I have more value in his friendship than what money can buy.
Sometimes... you have to focus on what are the most important in your life, not in what money can do for you. I know, if I ever run into trouble... those people will be the only ones that might support me, but if they do not do that.. it will still be OK.
Sometimes... you have to focus on what are the most important in your life, not in what money can do for you. I know, if I ever run into trouble... those people will be the only ones that might support me, but if they do not do that.. it will still be OK.
The favour you showed was great, but some people take support or help for granted. Some people only think they can need your help all the time, but when you request their help, you can't get it.
Imagine if you are running a business and some distant cousin asked you to lend them some money for some important stuff and after you have lent them the money they never pay back, of course you will not be happy and you might not have the heart to lend to them next time. People sometimes act in a way that makes you lose trust in them, so that's just the whole case, but if you lend them money and they return it, next time you will happily lend to them again. Unless you are just so kind and gift them the money, money lent to someone is meant to be returned.
Yes, we arent expecting for some return but we do know that we cant really be on tip top shape forever which means that there might be a time comes that we would be needing some help.
Not in forms of money or fiat but also in other others which we might really be needing some support or whatsover.
This is why some do make out some advance thinking that they should really be that giving out those limitations on early manner.
You haven't damaged your family bond but it was your cousin that did it.
I had a similar bitter experience,only I lent money to a relative and of course he did not return it to me 
The amount was a little less, but it was enough for me to understand what kind of person he was.Now,when one of the relatives asks to borrow money, I suggest that they take a loan in bank.There are only a few people who deserve my trust.
It did happen to most of us. When they asked us for some money that they want to borrow, they were cool and very kind to us but in times for the collection of their debt. They're the ones who even have the guts to get mad at us because they're still short and didn't fulfill the promise of paying at the right time. Well, there's the saying that if you want to test someone and want to get rid of them, lend them some money. The amount was a little less, but it was enough for me to understand what kind of person he was.Now,when one of the relatives asks to borrow money, I suggest that they take a loan in bank.There are only a few people who deserve my trust.hero member
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I just borrowed "money" to a friend to send his daughter for drug rehabilitation and I know the chance of her recovery are very low, but I did it any way. He will most probably not be able to pay me back, but I have more value in his friendship than what money can buy.
Sometimes... you have to focus on what are the most important in your life, not in what money can do for you. I know, if I ever run into trouble... those people will be the only ones that might support me, but if they do not do that.. it will still be OK.
Sometimes... you have to focus on what are the most important in your life, not in what money can do for you. I know, if I ever run into trouble... those people will be the only ones that might support me, but if they do not do that.. it will still be OK.
The favour you showed was great, but some people take support or help for granted. Some people only think they can need your help all the time, but when you request their help, you can't get it.
Imagine if you are running a business and some distant cousin asked you to lend them some money for some important stuff and after you have lent them the money they never pay back, of course you will not be happy and you might not have the heart to lend to them next time. People sometimes act in a way that makes you lose trust in them, so that's just the whole case, but if you lend them money and they return it, next time you will happily lend to them again. Unless you are just so kind and gift them the money, money lent to someone is meant to be returned.
Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.
Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.
really be that close minded on why he had done that too on which it is normal to have thoughts that you might not be able to repay those amounts in due time.Yes, we are on a hard situation
which needed up to be understand but we know that earning and lending money couldnt really be that simple on where you could just simply agree without having those
reconsiderations.
Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.
I had a similar bitter experience,only I lent money to a relative and of course he did not return it to me The amount was a little less, but it was enough for me to understand what kind of person he was.Now,when one of the relatives asks to borrow money, I suggest that they take a loan in bank.There are only a few people who deserve my trust.
The amount was a little less, but it was enough for me to understand what kind of person he was.Now,when one of the relatives asks to borrow money, I suggest that they take a loan in bank.There are only a few people who deserve my trust. 
This happened to me a lot of times. Relatives used to borrow money from me and out of mercy I lend them my hard-earned money but they didn't pay me and they are even ignoring my texts and chats. From my experiences, I learned to say no and cut ties with abusive relatives. You did the right thing because that's a huge amount of money especially if that relative of yours isn't trustworthy. When it comes to money, we can see the true colors of the people around us. You shouldn't be the one to feel awkward because you just saved yourself from stress.
That happens with almost everyone since all of us have that kind of relatives who borrow money by becoming innocent at first and then don't even answer your calls and messages. The only way to avoid such people is to simply say no at first by making some excuse because if you don't make an excuse, they can become very toxic later on.Never lend money to people who you know would never return your money, at no cost you should compromise your own life and self-esteem for someone else no matter how hard they try and how many times they ask you innocently.
Best to say no always especially if they borrow just for the sake of unimportant matters since its really hard to have bad blood to your relatives if they refuse to pay on agreed date.
Its really good for us not to lend to anyone even if this is our close relative so that they can establish the thoughts that we are not into that and we will never lend money to anyone. But also we also need to take some consideration like important matters for example immediate medication and that maybe we can consider and think only that we give it to them so that there's no hard feelings for us if they will not pay the money we sent to them.
refused into them then this is where relations do start on messing up.
Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.
When we find it very difficult, of course it is feasible to lend, the presence of many platforms or online loan applications makes it easy for those of us who really need money, some time ago I really needed money to pay off a mortgage, then I applied for a loan online and within 2 days it was approved and I I got the loan amount, and now I have paid it all off.
What confuses me here is when you said you wanted to pay off the installments you already had, but why did you make another online loan to pay off the installments? Because in the end you also have to pay off your online loan in a timely manner because by making another online loan for an installment, that means you have two loans that you have to pay off. So how do you pay off everything while you take your online loan to cover existing old installments, while you also need to pay in installments to pay back the online loan that you took.the presence of a loan application has indeed become a solution for everyone who is urgently in need of a fast loan. but the problem is that the OP's relatives want a large loan of three thousand dollars. and I'm pretty sure it's rare to find a loan application that will quickly lend three thousand dollars at a time. Loan applications usually only lend a small amount.
That's absolutely true, because in online loan applications they usually immediately determine how many loan limits they can issue for each borrower. So it is clear that it will not be enough for OP's relatives to rely on online loans, which are now very numerous. The only way for OP's relative is to approach a rich man and get the rich man to trust him to give him that kind of money as a loan, although I also don't believe that would have a much better chance of succeeding. 
In some situations destroying family bond is not bad decision and I think that a person cannot always trust because sometime he have to think about himself and about his benefit because he work hard for earning such money.
If your cousins cannot afford life expenses then he should do something to earn money and then he should invested such little amount in crypto but begging in front of others and then do not give loan back is a bad thing and no one should do this.
If you realized about your cousin that he is not such a type of guy which will return your money then making an excuse is better option.
If your cousins cannot afford life expenses then he should do something to earn money and then he should invested such little amount in crypto but begging in front of others and then do not give loan back is a bad thing and no one should do this.
If you realized about your cousin that he is not such a type of guy which will return your money then making an excuse is better option.
It is a complicated issue, but you should know that the money that you lend to a dear person is zero, otherwise it will get you into high problems that have no benefit because he will not be able to pay his debts, so you will not go to court and demand his imprisonment.
Therefore, if you need money, do not lend it, and if you are not in need, try to give him 30% of the loan and watch his behavior.
Therefore, if you need money, do not lend it, and if you are not in need, try to give him 30% of the loan and watch his behavior.
Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.
I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.
It wasn't your fault, so don't fill bad about it, I know the reason why you didn't lend him money, because you cannot afford to lose it. This is the best way for you to win this war. People don't judge from the beginning, they only judge what they see and by than no one will listen to you. To you did the right thing. 
That depends on your communication skills. Family cannot be left behind, especially siblings. For cousins, the priority will be lower. If you don't want to give him enough money, lend him half or 1/3. That will help you feel less anxious. Or you can talk to your cousin's parents when the loan is not returned.
It's also not good that you help them too often because they will lose the will to move on. So use your money wisely.
It's also not good that you help them too often because they will lose the will to move on. So use your money wisely.
When we find it very difficult, of course it is feasible to lend, the presence of many platforms or online loan applications makes it easy for those of us who really need money, some time ago I really needed money to pay off a mortgage, then I applied for a loan online and within 2 days it was approved and I I got the loan amount, and now I have paid it all off.
the presence of a loan application has indeed become a solution for everyone who is urgently in need of a fast loan. but the problem is that the OP's relatives want a large loan of three thousand dollars. and I'm pretty sure it's rare to find a loan application that will quickly lend three thousand dollars at a time. Loan applications usually only lend a small amount.Lending money or borrowing money from others is really a sensitive issue, when it comes to money, relationships, no matter how close, are very vulnerable. In my opinion, limiting lending is the best thing.
There is a saying that money ties are stronger than blood ties, and nowadays it is true. Many people have lost their families because of debt problems and it is difficult to get back together. On the other hand, when there is hostility, it will be easy to unite with money, With this fact, of course, we must be vigilant and always have a commitment to repay debt.
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That would really suck. I get the habit of welcoming others, but maybe not being to the point of you being the doormat. Regardless of any amount, the trust was already lost at that point and you even mentioned that you're not rich. Having a money lent to someone is just like an investment of you thinking that the money you gave will surely be losses and you would not get it back regardless.This is why I also do not really want to lend. I hate chasing people to pay and I don't really enjoy interacting with people that are trying to test my patience. It is either I would not talk to you at all anymore or I would talk to you in a one-liner to end the communication there and never ever hear anything from me again.
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