"Neither a borrower or lender be" might be a rule followed in Shakespeare's Hamlet but in real life it is often hard to avoid. Most people will be either loaning or borrowing items or money from time to time.
But when the borrowed items are not returned or money not paid back it can lead to more than a headache for those involved. Research shows one in five people have loaned money to a friend but one in three say they have faced a wait of over a year to get back their cash which can lead to tough times in relationships.
According to Google trend data, the search term, "how to ask for money owed" has received a 216.67% uplift in the past month alone. Here, financial expert Georgia Galloway at Finbri reveals how to ask for the money that you loaned to a friend back and what to consider before you lend.
