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Forum Home > Random Discussions > Putting Interest on Borrowed Money

Author D Leach
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In life, there are some things that you can joke about. People make fun of their kids, their bosses, their spouses, and even themselves. But when it comes to money, people aren’t making any fun. Perhaps this is because the issue of money is no laughing matter. Let’s say a person who is close to you (i.e. a family member, a friend, co-worker, etc) asks to borrow a large amount of money from you. You have known them for a long time and trust that they are capable of paying you back. You lend them the money and then overtime, they pay you back in small increments. By the time they have finished paying you back, you come to notice that they ask to borrow some more money (a significantly larger amount than last time). Although they are honest with their word in paying you back, do you feel they should be charged interest on the money you lend them?

October 22, 2010 at 3:16 PM Flag Quote & Reply

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