A quick blog for those who borrow money and/or thinking about borrowing money to/from their friends or family.


If you can’t be bothered to read this blog.

Just pay back the money you owe with the humbleness you asked for it

Thank you, please


Anyway for my real Dons, who read my blogs fully.

‘Friends and family’ move mad when money is involved

Borrowing money to/from friends and family is a TERRIBLE idea. I repeat, a TERRIBLE idea. It puts a strain on your relationship and can cause guilt, resentment and a MASSIVE loss of trust.

Quick to ask
Slow to repay

DO NOT borrow money to people if you want to stay friends with someone

No one wants to be in a situation where they need to rely on someone else to pay their bill(s). But low savings and high debt mean loads of people are just one emergency away from this very awkward predicament.

If your back is against the wall and a loan from a loved one is probably the most responsible way to get out of a bad financial situation (credit cards and bank loans are wild), borrowing money might be your best option.

Nevertheless, if you go down this route, make sure you do it the RIGHT way.

Here are the steps, I feel are needed to make sure when borrowing money from a family member or friend.


When you borrow money from a bank, you have to fill out an application, layout your entire financial situation. Just because you have a personal relationship with the person you’re borrowing money from doesn’t mean you should bypass this step.

In fact, preparing a short text/email that outlines why they should lend you the money can help them see how serious you are about the loan and understand why you need the funds.

Include details such as;

1) What you’ll use the money for …

2) How long it’ll take you to repay the loan ….


3) How much interest you’ll pay in return …..

“I’ll pay you when I can” or “Something came up, can’t pay you back this month” shows that repaying the loan is not a priority to you.

Have some respect.

Don’t come to me with any of these excuses.

This is a big deal because apparently 75% of people who borrow money from friends or family never pay the loan back in full.

Breaking down exactly how you’ll pay back will drastically increase their confidence in both your ability and willingness to make payments. Include details like when you will start to make payments;

1) How much you’ll pay back each month,

2) How you’ll make the payment

3) What the monthly due date will be, and

4) The date when the loan will be fully repaid.

If you really want to go the extra mile, show them your monthly budget and how the loan payments will be easily affordable for you.

It’s true

Have a backup plan in case you fall behind on payments!

There’s a chance that you won’t be able to repay your loan on the schedule that you agreed to. Have a plan in place that dictates what happens if you miss a payment. Keep in contact and make sure communication is there of any mishaps.

Offer to pay a late fee in the event you fall behind on payments. The late fee should increase over time, meaning that the later you are the more you pay in fees. Banks do it, so what’s the difference? Money borrowed in 2018, is not the same in 2020.


If you want to show how committed you are to repaying the loan, you can also offer up collateral. Aka let your loved one hold on to a valuable item that you own like a piece of jewelry until you pay back the loan in full.

Set up a recurring transfer for payments

Most banks allow you to set up recurring transfers to another bank account. As soon as your repayment period begins, automate the repayment process by setting up a recurring monthly transfer to your lender’s bank account. Doing this will ensure that you don’t accidentally drop the ball on making payments.

If you commit to a monthly figure to repay your loan then stick to it! Don’t pay 1 and then ghost. Stay true to your words.

Don’t get frustrated when the person that has borrowed you the £, asks for it back!

How cheeky!!!!

In fact, they shouldn’t have to ask if you were communicating and actually sticking to your repayment plan especially it’s a high figure. Paying in full should be the first option anyway. Did you get the £ in small installments?


Whatever, you do, be grateful they were willing to give you this money to help you out in your time of need. Comments like “I didn’t ask you for it” is disgusting  Be humble regarding the whole situation.

How can you sleep at night knowing you owe people money. You lot are scum.

People have lost their lives due to debt, don’t become another statistic.

I am not a road man but

2020, I am not taking disrespect on any levels



  1. Alize DK

    Yes DSD – another extremely good and insightful read!! I think the steps you mentioned are both necessary and reassuring. Most people who actually have money to borrow take one or a few of these steps – that’s why they continue to be in the position to borrow!! I think this is an education post for the borrower…savage maybe but exactly what they need to hear!! Thanks for a great read!!
    Alize DK


    1. Jason-RT

      Thank you! I was really talking to myself in this blog as I’ve been on the end of borrowing a big chunk of money and this person went ghost about the whole thing. I wish I did these steps above before lending the money. Nevertheless, you learn from your mistakes! Thank you reading!


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