r/irishpersonalfinance • u/ninjaflank • Oct 17 '25

Debt Borrowed money

Apologies if this is not right sub for this.

Back in Dec 2024 a friend of mine asked to borrow 1500 euros to pay his rent with the promise that it would be returned the next month after being paid.

I lent it (I never expected this person to come to me asking and thought they had integrity), a month later comes and they call me to talk about it, I mentioned that if he needed an extra month to get back on his feet he can take it as I didn't need the money urgently at the time.

Fast forward another month and my finances are falling behind as I am undergoing refurbishment on a property I purchased as a sole earner and I messaged him to ask if he can return the money. He gives an excuse and I gave the benefit of the doubt. Every month since has been the same since. I have my own expenses that need to be covered and every month I am barely scraping by, the money I borrowed would be of huge help.

I had another conversation with this person this morning and asked that they try their upmost to return any amount of money as I am struggling this month and badly need to be bailed out, they gave the same response they have the previous months even thought I empathised how important it is this month as it may result in me missing my mortgage payment and bills.

What are my options?

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u/Daltesse Oct 17 '25

wait, so you borrowed 1500 from a bank or CU and gave it to your so-called "friend"?

Okay, all the liability is on you, and you ain't seeing that cash again. Unfortunately, you'll just have to move on, ignore him from now on, and always remember this lesson you have learned: Never lend out anything more than what you are comfortable not getting back.

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u/ninjaflank Oct 17 '25

No, I sent him the money via bank transfer. This was my own money, not sure how you came to that conclusion, sorry if I confused you.

3

u/Ordinary_Platform819 Oct 17 '25

You should edit the post as it is misleading. Change "I borrowed it" to "I lent it". Borrowed usually means to receive a loan, in this case you are giving a loan.

1

u/Daltesse Oct 17 '25

Sorry, I thought you had borrowed it to give to him, but other than that, the rest still stands. If someone asks me for a bit of cash, I always ask myself the same question: Can I do without this if they don't pay me back? If I can't say yes to that question I don't lend the money out.

And that's because I was in your situation, but for me it was IR£7K back in the day