Most people have let a family member or friend borrow money before, with the agreement that they would be paid back on a specific day. Unfortunately, things don’t go as plan always, even if the person borrowed the money with their heart in the right place and having all intentions of paying you back fully and on time.
Thus, if you’re NOT able to answer yes to both questions I’m about to raise on the borrower, it’s probably not a good idea to lend them the money with expectations that it will be paid back on the agreed time frame. First, does the individual have a track history of paying their bills on time? If no, the chances are slim to none that he/she about to pay you back on time when the person doesn’t do that with their own money.
Next, does the person really have a plan in place to pay you back on time if you let them borrow the money? This is a legitimate question because often times the individual who needs the money only focus is that moment in time. As a result, the person usually not even thinking about two weeks later on when they do get paid in having to give you your owed amount out of that and basically being back in the same situation that has them currently trying to borrow from you.
Last, unless the person is about to receive extra money through something like an income tax refund, getting paid three times instead of two for a specific month at their job, or provided you with a valid plan there is a great chance you won’t see that money again no time soon if you let them borrow it.