Even if you have savings on your account and you can afford a loan, you do not have to do it. Especially when you have reasonable doubts as to whether the person you loan money will return it to you. We advise how to refuse a money loan
Do you want to lose a friend? Borrow him money!
As a general, we do not like to borrow. Our discomfort causes both a loan request and a situation in which we need financial support. Although we are more willing to lend money to family members and friends than to other friends, we usually fear unpleasantness associated with it. The most common apprehension is that our debtor will not keep the contract and will not refund the money on time. We are also afraid of the lack of financial reserves and “getting rid of” savings. The more so because in the event of sudden and unforeseen expenses, we will not be able to finance them.
The statement “good habit – do not borrow” best illustrates our attitude to borrowing money. However, the fact that we do not like it does not mean that we can refuse to someone who finds himself in need. The closer the relationship connects us to the person, the harder the denial becomes.
How to refuse a money loan? Why is it so difficult to say “no”?
From an early age we are taught empathy and the fact that it is worth helping others. This particularly applies to weaker, older, sick and poorer people.
Refusing someone to feel guilty, we are struggling with remorse and feeling that we are not good people. We are also afraid of rejection from the begging party, his anger, rumors in the company and the fact that we will be recognized as claimants and selfish. We do not want to be pinned by a materialist and someone who sees only the tip of his own nose. Usually, we prefer to be abused than non-Nolean. And yes, we agree to do different kinds of favors even if it raises our internal opposition.
The most difficult situation is people who previously agreed to any kind of loans. Their refusal will meet with the greatest ostracism, as they have already accustomed their surroundings to willing help.
How to refuse a money loan? Here are some useful tips!
Ask for a moment to think
When you have been surprised by a request to borrow money, you can ask for time to think. It will be easier for you to make a decision and present your position objectively. You will also gain time to think about and analyze the whole situation. Just because someone asks you for a loan here and now does not mean you have to answer immediately.
If you are concerned that you may have a problem with the return of the borrowed funds, tell us about your doubts. Especially if someone who does not manage the home budget too prudently asks for financial support. In a situation where you have already asked for the return of borrowed money, you can remind the requester that he has not paid the debt on time. Even if it assures you that it will be different this time, do not be persuaded to change your mind. If you know that assertiveness is not your strong point and you can agree to a loan during a face-to-face meeting, give your refusal by phone or text.
Regardless of who asks you for a loan, you have no obligation to provide it. Realizing this fact is the first step to learning assertiveness and getting rid of guilt. Refusing to be firm and confident, do not be persuaded to change your mind. If you “break” one time, nobody will treat you or your “no” seriously next time. You can (but do not have to) explain why you refuse a loan. Just say, for example, that you never borrow money or that you simply can not afford to give such support.
Remember that until you refuse decisively you will have to answer the question from time to time, what about the loan and whether you have already made a decision in this matter. It is also important that the requester may renew his request. What to do if, despite our refusal, the “borrower” still does not give up? Only iron consistency will help here. Maintain your position and let you know that you will not change your mind. Do not translate, do not get into unnecessary discussions and do not let yourself be provoked. Do not respond to any personal attacks, just repeat your refusal.
Consider the reasons for refusal
If the thought of borrowing money raises your opposition, think about what this reluctance is. Is it related to the fact that you know that the lender will not give up the money on time or will not give it back at all? Or maybe you’ve had enough of being abused and that everyone around you treats you like an ATM? Are you irritated by the recklessness of your friends who spend money on stupidity and then come to you for support? When you objectively analyze the situation, you may find that someone who asks you to borrow money does not need it at all. Also, remember that your debtors will never learn how to plan expenses if you throw them a lifebuoy every time.
How to refuse a money loan? Summary
The best situation is the one in which we neither need loans nor ask for them. However, when it happens that someone asks us for money, it is worth knowing how to refuse a loan of money. Firmness, consistency and factual representation of your position is the key to success. Refusing is an art worth learning. Especially when someone who needs her notoriously asks for a loan that is most probably non-refundable. Initially, decisive refusing can cause you many problems and unpleasantness. However, once you learn it yourself, you’ll see that your family and friends are doing well without your loans, and you have more money in your wallet. Good luck!