Getting your money back
We’ve all been in a bind and needed a loan at some point. If you have a friend that has been in some trouble with money and you decided to loan them money, then here’s what you can do. Before ruining your friendship because of money, you may want to consider a few options to getting your money back from a friend. Maintain a great relationship and suggest these choices for your friend, in regards to the payoff:
1. Re-clarify to your friend that it’s a loan.
2. Create a post loan commitment with your friend.
3. Trade an item of theirs for part of the loan.
4. Get the square and give them an option to swipe.
5. Ask for services from your friend that will cut their loan down.
