This statement represents an anecdotal evidence fallacy since the argument is based only on the speaker’s personal experiences considered out of context.
The speaker replaces logical evidence with anecdotal claims by assuming that the scenario they have experienced will be true for everyone regardless of circumstances, such as the loaning party’s personal characteristics.
References
Academic.Tips. (2023) 'Determine which type of logical fallacies is presented in the example below. Provide a 2-3 sentence explanation for each after determining the logical fallacy type. Be sure to defend your reasoning with a thorough explanation. “Never loan money to a friend. I did once and never got paid back”'. 10 May.
Reference
Academic.Tips. (2023, May 10). Determine which type of logical fallacies is presented in the example below. Provide a 2-3 sentence explanation for each after determining the logical fallacy type. Be sure to defend your reasoning with a thorough explanation. “Never loan money to a friend. I did once and never got paid back”. https://academic.tips/question/determine-which-type-of-logical-fallacies-is-presented-in-the-example-below-provide-a-2-3-sentence-explanation-for-each-after-determining-the-logical-fallacy-type-be-sure-to-defend-your-reasoning-wi/
References
Academic.Tips. 2023. "Determine which type of logical fallacies is presented in the example below. Provide a 2-3 sentence explanation for each after determining the logical fallacy type. Be sure to defend your reasoning with a thorough explanation. “Never loan money to a friend. I did once and never got paid back”." May 10, 2023. https://academic.tips/question/determine-which-type-of-logical-fallacies-is-presented-in-the-example-below-provide-a-2-3-sentence-explanation-for-each-after-determining-the-logical-fallacy-type-be-sure-to-defend-your-reasoning-wi/.
1. Academic.Tips. "Determine which type of logical fallacies is presented in the example below. Provide a 2-3 sentence explanation for each after determining the logical fallacy type. Be sure to defend your reasoning with a thorough explanation. “Never loan money to a friend. I did once and never got paid back”." May 10, 2023. https://academic.tips/question/determine-which-type-of-logical-fallacies-is-presented-in-the-example-below-provide-a-2-3-sentence-explanation-for-each-after-determining-the-logical-fallacy-type-be-sure-to-defend-your-reasoning-wi/.
Bibliography
Academic.Tips. "Determine which type of logical fallacies is presented in the example below. Provide a 2-3 sentence explanation for each after determining the logical fallacy type. Be sure to defend your reasoning with a thorough explanation. “Never loan money to a friend. I did once and never got paid back”." May 10, 2023. https://academic.tips/question/determine-which-type-of-logical-fallacies-is-presented-in-the-example-below-provide-a-2-3-sentence-explanation-for-each-after-determining-the-logical-fallacy-type-be-sure-to-defend-your-reasoning-wi/.
Work Cited
"Determine which type of logical fallacies is presented in the example below. Provide a 2-3 sentence explanation for each after determining the logical fallacy type. Be sure to defend your reasoning with a thorough explanation. “Never loan money to a friend. I did once and never got paid back”." Academic.Tips, 10 May 2023, academic.tips/question/determine-which-type-of-logical-fallacies-is-presented-in-the-example-below-provide-a-2-3-sentence-explanation-for-each-after-determining-the-logical-fallacy-type-be-sure-to-defend-your-reasoning-wi/.