Quote Originally Posted by Renton View Post
Well he hasn't got a job yet which was part of the deal so I'm sure he feels absolved.

Also as an aside I will NEVER lend money again without charging an aggressive vig. You have to do something to account for the risk of not getting paid back or you are just spewing. The ev of that zero-interest loan to your friend was probably like -250 dollars at least, even if you really trusted him to pay you back.
Simply not loaning a friend money is better than charging a vig-- at least for any trivial amount. If the people around you are all going to just take advantage of your interest free loan, then you shouldn't loan to them and shouldn't feel bad about not loaning to them. You're not a bank.

And actually, I think this is like the dilemma presented when you start charging the person crashing at your place rent. Technically they are an official resident then, and they rightfully have a say in household matters. If you charge someone a vig, they can default and it's hard for you to guilt them, because you loaned the money, acting more like a bank than a friend. Setting repayment terms is one thing, but tacking on interest makes this a whole other animal.