Have you lent money to family or friends but never got it back?
According to the results of a new survey, Irish people are more than willing to offer financial help to those close to them - but over half of us are too embarrassed to ask for the money back.
Charlie Weston, Personal Finance Editor with the Irish Independent, and Orla Ryan of thejournal.ie joined us to discuss this issue.
Listen below:
Our listeners got in touch to let us know some of their own experiences of not being paid back:
- 'I gave my brother a lend of three grand when he was in college. That summer he went around the world... I've asked many times. That's ten years ago.'
- 'I paid £120 for two concert tickets for two friends that were to go with us. They pulled out a week before the concert and never paid it back.'
- 'I gave an ex a loan for €4000 in two installments of €3000 and €1000. When I asked for it back he refused as he said he couldn't afford it. That was four years ago and he is now married and expecting his first child!'
- 'I gave a close family member money for a family business and have yet to receive the full amount back. I have asked on numerous occasions for the balance and my requests fall on deaf ears. The issue has ruined the relationship for me, but I've learnt my lesson from it.'
- 'I gave a friend €2000 three years ago for two days. Never got it back. ruined the relationship.'
- 'My friend owes me €96 for a concert ticket. I've asked for it back but she said she had no money. Then I see pictures of her on holidays on social media. Not fair at all.'
