8 simple steps to borrow or claim money via text

Talking about money is a bit awkward, especially through text messages. Fortunately, there are a few things you can do to make this process go smoothly. If you want to learn how to ask or ask for money via text message, check out some helpful tips below!

Table of Contents

Be proactive about why you need the money.

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Others will be more sympathetic if you explain why you need the money. Since you know them well enough to have this person’s phone number, it’s possible the other person is a friend, colleague, or relative. These people will be more sympathetic to your situation. Briefly explain why you need to borrow money and what it is for. ^{[1] X Research Sources} Such as:

“Vinh this! It’s so embarrassing but I’m “stuck”. The deadline to pay my rent is this Friday, but the company won’t transfer my salary until 30 west.”
“Sister Hai! Next week is the beginning of school and my overtime salary is not enough to pay tuition. Can you help me?”
“Linh! I just finished eating at the restaurant and realized that I forgot to bring my wallet. Can you switch to Momo for me to borrow to pay?”

Specify the amount you need.

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If you’re not clear, the other person may think you’re taking advantage of them. Avoid the roundabout of the three kingdoms. If you are asking to borrow “some money” or vaguely saying “pay the rent” without specifying the exact number, the other person will feel like you are taking advantage of their kindness. And if the person had to ask, “So how much do you need?”, they’re probably feeling annoyed. It’s easier for both of you to proactively state how much you need. ^{[2] X Research Source} You can say:

“My rent this month is 1,500,000 VND and I still have 300,000 VND left.”
“The homeroom teacher said that the tuition fee for the first semester is 2,000,000 VND.”
“I just need an extra 200,000 VND to pay for this meal!”

Tell the person when you need the money.

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Let the person know when you need the money if it’s urgent or you’re asking for a large loan. Try to make them feel as comfortable as possible. For large amounts, let the person know when you need them to give them enough time to prepare the money. If you borrow money to pay your bills, you should indicate a due date. And if you need it urgently, just make it clear. Here are a few examples:

“The landlord usually comes to collect the money on the 20th of every month, so I need to get the loan before this Friday.”
“The due date for the Internet bill is October 24. Can you lend me money before that date?”
“To tell you the truth, I’m trying to buy time. This restaurant has a shortage of tables for new customers so the waiter has been looking at my table.”

Suggest ways to transfer money.

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Don’t force others to solve any side problems for you! You’ve asked to borrow money, so make the process as easy as possible for them by suggesting ways to transfer money. Of course this depends on the specific case, but it is better to offer multiple ways of transferring money (if possible). If there’s only one way to transfer money, be clear about it. Such as:

“Can you transfer money to my Momo now? Or can I ask for the restaurant’s account number for you to transfer? The service is right here.”
“Do you want to transfer money to me or to the landlady? I use TP Bank, and she uses Vietcombank.” ^{[3] X Research Sources}
“I can come pick up the money if you’re not busy. Thank you very much!”

Promise when you will return.

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People are more likely to lend money when you promise to pay it back. If you are asking a relative or lover to borrow a small amount (under VND 2,000,000), they probably won’t mind when you pay. However, you should still schedule a payment date. If you’re asking for a large loan, most people will be more comfortable if you promise exactly when to pay. ^{[4] X Trusted Source Consumer Reports Go to Source} You can say:

“Next Friday I have my salary, when I receive my salary, I will transfer to pay you 300,000 VND immediately.”
“I can’t pay 2,00,000 dong in one go, but I can contribute 500,000 dong a month to you until it’s paid off.”
“Transfer money to Momo’s wallet, let me borrow it, I’ll invite you to dinner next Sunday!”

Write a promissory note if you are asking for a large loan.

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Write paperwork describing your repayment plan in detail so that lenders/borrowers feel more secure. Asking for large amounts of money can be awkward, especially if you know it will take a long time to pay off. You can make a full payment plan with due date and installment amount and interest (if any). ^{[5] X Research Source Examples} are as follows:

“I receive my salary on the 30th of every month, so I will transfer to you 5,000,000 VND each time I get my salary. The first period is next Friday. If nothing changes, I will pay 60,000,000 in full. coins for me on April 15. Can you see it?”
Since you’re borrowing money via text, tell them you’ll be drafting and emailing the promissory note in a few minutes. The person can look it over and if they agree, the two can meet to sign and deliver the money. ^{[6] X Research Sources}

“Remind” if someone owes you.

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Try this if you’re afraid to speak up when someone hasn’t paid. Even if it’s your money, it can be awkward to say it outright. If it’s past due and the person promises to pay you, try to be optimistic and trusting (know if they forgot). ^{[7] X Research Source} Before making a claim, try to “remind” the following:

“Honestly, I can’t go to the club tonight. I’m out of money.”
“Next week is due to pay for my room and I’m out of money. What should I do?”

Stay calm and be direct if you need them to pay right away.

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Explain the urgent situation to make the claim a little softer. Even if you are very upset about this, ask bluntly like “I need you to pay the 1,000,000 VND borrowed now!” may not be the best way. Try to take a calmer approach so that this friend understands your situation. ^{[8] X Research Sources} Such as:

“It’s embarrassing, but I really need the 1,000,000 VND you borrowed to pay the rent. It’s due this weekend…”
“Can you help me with this? This Friday is due to pay the traffic violation fine that I told you about the other day. At the end of the month, I have 200,000 VND left each. If you pay 500,000 VND the previous day, I will borrow it. only have enough 700,000 VND to pay the fine on time. :)”
You can claim money without having to say it directly by sending a money transfer request via Momo. This is a quite subtle and effective way to claim money! ^{[9] X Research Sources}

Steps