Maybe you have bad credit or you need money to pay a medical bill on the spot.
Whatever the case, most of us need an advance in cash occasionally and don’t want to risk going to one of those shady loan companies.
Ask someone you know well
Someone you know well and knows you well will be more comfortable letting you borrow money than an acquaintance who may or may not pay them back.
You also can gauge his or her response better if you know them well. Don’t ask someone you know is a penny-pincher.
Ask someone who you know has extra cash
Maybe a friend who got a raise at work or someone who has another source of income, such as a spouse. Asking someone who is also struggling to pay bills is uncomfortable and won’t get you very far.
Ask in person
If you can, it is best to ask in person instead of email or over the phone. If it isn’t possible, then don’t worry too much about it and write or speak as you would if he or she was sitting with you.
Don’t ask for a large amount if you can help it
Ask for a reasonable sum. If you need more, ask them very nicely but express to the friend that you are trustworthy and if they can’t loan you the entire amount that you understand and would appreciate any help they could give you.
Tell them exactly what you need the money for
If it is bills or perhaps a upcoming trip, the reason you need money will be a big factor in their response. If you need it for food, they’re more likely to say yes, then if you need it for something that is not essential.
Give them a date for repayment
It helps to give an exact date for when you will repay the loan. For example, don’t say, “sometime in January,” say “January 5th when I get my check”.
This shows your friend that you are serious about paying them back and will return their money when you can.
If you get a loan, hold up your end of the deal
Show him or her that you’re honest and pay them back on the specified date. Don’t put them off, it makes you look bad and might hurt your friendship permanently.
If your friend can’t spot you a loan, say thanks anyway
So your friend can loan you any money this time, don’t be offended. He or she may have expenses unknown to you and it is his of her money.
Say thank you and perhaps ask another friend. Don’t ask why. It is rude to ask a person why, because that is not your business.
Their friendship is the most important thing, and to keep this from negatively affecting your relationship, make sure to tell the person you are thank for the consideration and that you understand their position.