Lending Small amount of cash to friends
Discussion
Why do I have to chase them to get it back?? Surely the onus is on the lendee to a) remember (regardless of the amount) and b) then ensure that they get the money back asap or whenever it was agreed??
Thats not unreasonable is it?? If you say to forget about it then fair enough the debt is gone but surely its rude and disrespectful to a friendship to not make a point of returning the money??
Or am I being unreasonable?
Thats not unreasonable is it?? If you say to forget about it then fair enough the debt is gone but surely its rude and disrespectful to a friendship to not make a point of returning the money??
Or am I being unreasonable?
I sold my old car to my friend that I have known since 1981 and we have always helped each other out. Sold it to him for £750. After 4 months I am still waiting for the remaining £500.
Chased him many times and it's always some excuse or another and then you see him going on long trips to meet some woman or another and showering them with gifts.
Am I pissed off? Yes, I damn well am. It's not really so much the money it's all the bullst and lies.
More surprised as I really thought we were good friends. Never again.
Chased him many times and it's always some excuse or another and then you see him going on long trips to meet some woman or another and showering them with gifts.
Am I pissed off? Yes, I damn well am. It's not really so much the money it's all the bullst and lies.
More surprised as I really thought we were good friends. Never again.
Morningside said:
I sold my old car to my friend that I have known since 1981 and we have always helped each other out. Sold it to him for £750. After 4 months I am still waiting for the remaining £500.
Chased him many times and it's always some excuse or another and then you see him going on long trips to meet some woman or another and showering them with gifts.
Am I pissed off? Yes, I damn well am. It's not really so much the money it's all the bullst and lies.
More surprised as I really thought we were good friends. Never again.
thats a total p!ss take - have you had it out with him?Chased him many times and it's always some excuse or another and then you see him going on long trips to meet some woman or another and showering them with gifts.
Am I pissed off? Yes, I damn well am. It's not really so much the money it's all the bullst and lies.
More surprised as I really thought we were good friends. Never again.
Yep, don't lend money to friends. Only time I did this (<£100), friend kept avoiding me. After a while I took him aside and explained I valued our friendship, and would understand if he didn't have the means to repay, but "please discuss with me so we know where we are, don't avoid me". Things improved after that and all was well, and he did return the dosh in the end.
Robbo 27 said:
Every loan I have made to people has ended badly, I ended up losing the money and losing the friend, or in one case, a relative.
This, borrowed some money to a relative back in July.Tried calling him last month, call ignored.
He had supposedly smashed his phone and couldn't answer calls, yet managed to be active at all hours of the day on Facebook. I confronted him on his driveway just as he was loading the car up to go to the airport on holiday!
He came up with some bullst story that he had been off work and would sort it out.
3 weeks later and nothing still.
Marty Funkhouser said:
Morningside said:
I sold my old car to my friend that I have known since 1981 and we have always helped each other out. Sold it to him for £750. After 4 months I am still waiting for the remaining £500.
Chased him many times and it's always some excuse or another and then you see him going on long trips to meet some woman or another and showering them with gifts.
Am I pissed off? Yes, I damn well am. It's not really so much the money it's all the bullst and lies.
More surprised as I really thought we were good friends. Never again.
thats a total p!ss take - have you had it out with him?Chased him many times and it's always some excuse or another and then you see him going on long trips to meet some woman or another and showering them with gifts.
Am I pissed off? Yes, I damn well am. It's not really so much the money it's all the bullst and lies.
More surprised as I really thought we were good friends. Never again.
Last conversation was "sorry, I will make up for it and give you a regular payment every week" .. that was THREE weeks ago.
My partner is really, really pissed off about it and she used to work in a bank and said that I must be offering the best interest rate around as he would never get those rates if he got a loan. She even sent him a right snotty text. Oddly he avoided her last time he popped round.
I have been asked twice "Why don't you take the car back?" There are a few reasons. 1) The mileage would have gone up a lot. 2) It adds another name to the previous owners 3) He uses a car as a builders van so it would have a lot of extra wear. 4) It's the principle of it all.
Then I found out two weeks after I sold it that this lady was saving her money up to buy it and was waiting until she had enough before she asked.
I've never lent money but often bought tickets and paid hotels, that sort of thing and not got the money back. With another mate we have a "running tab" of £20 here and there for things we have bought each other that never gets paid back but as we both buy each other stuff it all comes out in the wash.
My mate once offered to lend me £2k I was short to buy a car, I decided to get a new bank account with 6 months interest free overdraft, I was much happier that way.
My mate once offered to lend me £2k I was short to buy a car, I decided to get a new bank account with 6 months interest free overdraft, I was much happier that way.
Zoon said:
This, borrowed some money to a relative back in July.
Tried calling him last month, call ignored.
He had supposedly smashed his phone and couldn't answer calls, yet managed to be active at all hours of the day on Facebook. I confronted him on his driveway just as he was loading the car up to go to the airport on holiday!
He came up with some bullst story that he had been off work and would sort it out.
3 weeks later and nothing still.
My brother in law hadnt worked since leaving school. At 24 he got his dream job, to do with film editing ( he is now a film producer). He had to start work at 6.00 am and had no ca to get to work, came to me and asked for £9000 to buy a new car. I agreed, set up a loan agreement which he signed. He ended up buying a £5000 car secvond hand that was nothing but trouble and hi fi equipment for the rest The car went wrong so often that he couldnt afford the loan repayments - at nil interest.Tried calling him last month, call ignored.
He had supposedly smashed his phone and couldn't answer calls, yet managed to be active at all hours of the day on Facebook. I confronted him on his driveway just as he was loading the car up to go to the airport on holiday!
He came up with some bullst story that he had been off work and would sort it out.
3 weeks later and nothing still.
He ended up telling me he couldnt pay it back - sue me if you want.
I should have done.
He was and is a pillock.
Robbo 27 said:
Every loan I have made to people has ended badly, I ended up losing the money and losing the friend, or in one case, a relative.
I never lend money to any freinds for this exact reason, lost a very good freind over it so will never do it again. Explain this to friends. Some understand, some don't.Gassing Station | Finance | Top of Page | What's New | My Stuff