It is often stated that borrowing money from a friend can damage the friendship. I agreed with this statement for several reasons: lack of legal force, taking advantages of close relationship. Besides these reasons, I have very good experience to explain my opinion in the past.
Borrowing and lending money is not as same as a loan from a bank, which means there is no compulsary compulsion/obligation to pay back. When people borrow money from a bank or a financial company, there is a legal force that makes them to pay back within certain period of time. If a debtor does not follow the schedule, there will be a legal consequence. It makes debtors to pay their loan. When a friend is in financial trouble, it is common logic that people want to help the friend, however because there the lend was personal, debtors are not bound by law but by conscience to pay back. is not enforceable for a friend to return the money, it is needed to have conscience and morality.
Furthermore, people tend to take advantage of their good relationship. In other words, they abuse the friendliness and faith. it can be said as neglecting relationship. There was a case study by the phychologist from Hankook National University in 2007. Study participatants borrowed money from A, a friend of each participant , and B, college classmate or colleague and promise A and B to pay back within a month in condition. As due date was getting close, it was founded that the most of participants returned B money first before paying their friends . The phychologist questioned those participants the reason why they paid B first. 78% of them answered that they believed a friend could understand them even if they do not pay in time.
As i mentioned above, i have a experienced of damaging damage of the friendship due to lending money. It happend when i was attending university. A friend of mine came to me and cried that she couldn't pay her university tuition school fee becuase of the economic down turn and the school warned her to be expelled. Her tears moved me so I paid her tuition paied her shool fee in behalf of her. It was not an easy decision but I trusted her to pay me back as soon as she got gets a job. After two years, she entered a post university course instead of getting a job. In addition, I was told that she went for holiday with boyfriend and she did some kind of plastic surgery. When I asked her about that situation and requested returning money, When I asked her about the money she borrowed, she literally humiliated me by saying I was money face??. By few monthes of begging she finally paid back a portion of it; I finally got back some amount of money from her, it was little wonder we have not not keep in touch since then.
Leaving my painful experience aside, it is often noticed we often witness relationships ending due to money problems. that how people's friendship was ended because of money. The senior people elderly always say that do not mix friendship with money. I strongly agree agreed that borrowing money form from a friend can cna spoil ther good relationship.
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