Lending Small amount of cash to friends
Discussion
xjay1337 said:
fridaypassion said:
I just remembered a corking tale.
A few years ago my brother was married to his now thankfully ex wife. Her parents were dead pushy and long story short basically forced them to buy a great big detached house. They had no savings and this was post 08 so the banks wanted 50k deposit. Her parents gifted them 50k saying it was advanced inheritance or whatever.
The week after they moved in que pushy parents come round with a repayment schedule! Changed their minds apparently. It caused great strain and they were separated within 12 months. She still lives in the house and at age 32 her parents get her wages paid directly to them and they give their daughter pocket money after they pay the (huge) mortgage and bills. They are all a set of complete lunatics and our kid was well out of it. He walked away from 200k plus of debt for 18k just because the pushy parents wanted to hide the failure of the marriage from their friends. Bats
t crazy.
fA few years ago my brother was married to his now thankfully ex wife. Her parents were dead pushy and long story short basically forced them to buy a great big detached house. They had no savings and this was post 08 so the banks wanted 50k deposit. Her parents gifted them 50k saying it was advanced inheritance or whatever.
The week after they moved in que pushy parents come round with a repayment schedule! Changed their minds apparently. It caused great strain and they were separated within 12 months. She still lives in the house and at age 32 her parents get her wages paid directly to them and they give their daughter pocket money after they pay the (huge) mortgage and bills. They are all a set of complete lunatics and our kid was well out of it. He walked away from 200k plus of debt for 18k just because the pushy parents wanted to hide the failure of the marriage from their friends. Bats
t crazy. king hell. wibble cb said:
Lent someone some cash 6 years ago now, (11k) still waiting for any sign its coming back, oddly enough contact has also been almost non existent in that time, last promise was a year ago for full repayment within the year, still waiting...
Update......just had contact from the above person, who after no contact for a year, didn't acknowledge the debt, but instead asked to borrow up to 15k more /sigh/
wibble cb said:
wibble cb said:
Lent someone some cash 6 years ago now, (11k) still waiting for any sign its coming back, oddly enough contact has also been almost non existent in that time, last promise was a year ago for full repayment within the year, still waiting...
Update......just had contact from the above person, who after no contact for a year, didn't acknowledge the debt, but instead asked to borrow up to 15k more /sigh/
xjay1337 said:
wibble cb said:
wibble cb said:
Lent someone some cash 6 years ago now, (11k) still waiting for any sign its coming back, oddly enough contact has also been almost non existent in that time, last promise was a year ago for full repayment within the year, still waiting...
Update......just had contact from the above person, who after no contact for a year, didn't acknowledge the debt, but instead asked to borrow up to 15k more /sigh/
xjay1337 said:
wibble cb said:
wibble cb said:
Lent someone some cash 6 years ago now, (11k) still waiting for any sign its coming back, oddly enough contact has also been almost non existent in that time, last promise was a year ago for full repayment within the year, still waiting...
Update......just had contact from the above person, who after no contact for a year, didn't acknowledge the debt, but instead asked to borrow up to 15k more /sigh/
Cracking thread with some horrendous tales. Thankfully I've only ever lent out the odd small amount and always had it back unlike some of those on here. I have been on the other side of the fence recently, which wasn't so fun.
I had the embarrassment of borrowing money last year during a stag do, with the evening meal in Boisedales in Belgravia (I'm not a London person but apparently it's a swish place). Long story short, we had a cracking meal, very much enjoyed the drinks cabinet and a few cigars. Come settling up, my card declined, repeatedly. No idea why, it just wouldn't work. Thankfully one of my mates stumped up my not inconsequential portion of the bill. Monday morning I transferred the money straight to him with a bit on top for a drink. You really can't put a price on friendship.
The same lad was going out with an American lass for some years and her family were loaded. For a couple of years they rented in Knightsbridge; not a sensible apartment as you'd expect for a couple in their 20's, but a full on townhouse that was in the region of 7-8k a week. At one point, whilst decorating they rented another house for a similar amount so were paying around 15-16k a week in rent for the two houses. Bonkers. Eventually the relationship ended after some pretty poor behaviour by her following my friend's father's death. A month or so later my friend received a letter from her parents saying that they bore him no ill will, wished him well for the future but reminded him that as he had benefitted from their hospitality and that they knew he would do well in life they expected a cheque from him at some point in the future for a million pounds. Utterly unbelievable. They will be a long time waiting I understand! (Obviously not a small amount but it's a humorous tale nonetheless).
I had the embarrassment of borrowing money last year during a stag do, with the evening meal in Boisedales in Belgravia (I'm not a London person but apparently it's a swish place). Long story short, we had a cracking meal, very much enjoyed the drinks cabinet and a few cigars. Come settling up, my card declined, repeatedly. No idea why, it just wouldn't work. Thankfully one of my mates stumped up my not inconsequential portion of the bill. Monday morning I transferred the money straight to him with a bit on top for a drink. You really can't put a price on friendship.
The same lad was going out with an American lass for some years and her family were loaded. For a couple of years they rented in Knightsbridge; not a sensible apartment as you'd expect for a couple in their 20's, but a full on townhouse that was in the region of 7-8k a week. At one point, whilst decorating they rented another house for a similar amount so were paying around 15-16k a week in rent for the two houses. Bonkers. Eventually the relationship ended after some pretty poor behaviour by her following my friend's father's death. A month or so later my friend received a letter from her parents saying that they bore him no ill will, wished him well for the future but reminded him that as he had benefitted from their hospitality and that they knew he would do well in life they expected a cheque from him at some point in the future for a million pounds. Utterly unbelievable. They will be a long time waiting I understand! (Obviously not a small amount but it's a humorous tale nonetheless).
Jonmx said:
A month or so later my friend received a letter from her parents saying that they bore him no ill will, wished him well for the future but reminded him that as he had benefitted from their hospitality and that they knew he would do well in life they expected a cheque from him at some point in the future for a million pounds. Utterly unbelievable. They will be a long time waiting I understand! (Obviously not a small amount but it's a humorous tale nonetheless).
Dear Mother and Father of my Ex, I do thank you greatly for the hospitality and friendship that you displayed towards me when I was courting your daughter, and one of the real downsides to having to leave her due to her behaviour on the passing of my father, is that i will not longer be likely to meet with you again.
I was somewhat surprised by your recent letter though. In all honesty I do expect to do well in life, especially as I am in a much better place emotionally than I was when I was with your daughter. That said I had not realised that my relationship with your daughter was also intended to be a financial transaction. With this in mind i would be most grateful if you could please let me have an itemised account of the debt it is believed that i owe so that i can consider a more appropriate and fuller reply, together with my rate card and costs to be set off.
kind regards,
Not A. Mug.
Rude-boy said:
Dear Mother and Father of my Ex,
I do thank you greatly for the hospitality and friendship that you displayed towards me when I was courting your daughter, and one of the real downsides to having to leave her due to her behaviour on the passing of my father, is that i will not longer be likely to meet with you again.
I was somewhat surprised by your recent letter though. In all honesty I do expect to do well in life, especially as I am in a much better place emotionally than I was when I was with your daughter. That said I had not realised that my relationship with your daughter was also intended to be a financial transaction. With this in mind i would be most grateful if you could please let me have an itemised account of the debt it is believed that i owe so that i can consider a more appropriate and fuller reply, together with my rate card and costs to be set off.
kind regards,
Not A. Mug.
I do thank you greatly for the hospitality and friendship that you displayed towards me when I was courting your daughter, and one of the real downsides to having to leave her due to her behaviour on the passing of my father, is that i will not longer be likely to meet with you again.
I was somewhat surprised by your recent letter though. In all honesty I do expect to do well in life, especially as I am in a much better place emotionally than I was when I was with your daughter. That said I had not realised that my relationship with your daughter was also intended to be a financial transaction. With this in mind i would be most grateful if you could please let me have an itemised account of the debt it is believed that i owe so that i can consider a more appropriate and fuller reply, together with my rate card and costs to be set off.
kind regards,
Not A. Mug.
He was sorely tempted to write an appropriate response to them, but decided to be adult and just wrote and thanked them for their kind words. Missed a trick I reckon!
wibble cb said:
wibble cb said:
Lent someone some cash 6 years ago now, (11k) still waiting for any sign its coming back, oddly enough contact has also been almost non existent in that time, last promise was a year ago for full repayment within the year, still waiting...
Update......just had contact from the above person, who after no contact for a year, didn't acknowledge the debt, but instead asked to borrow up to 15k more /sigh/
k off and if you don't give me my money back i'll be attaching the debt to your house and potentially forcing a sale?Blown2CV said:
wibble cb said:
wibble cb said:
Lent someone some cash 6 years ago now, (11k) still waiting for any sign its coming back, oddly enough contact has also been almost non existent in that time, last promise was a year ago for full repayment within the year, still waiting...
Update......just had contact from the above person, who after no contact for a year, didn't acknowledge the debt, but instead asked to borrow up to 15k more /sigh/
k off and if you don't give me my money back i'll be attaching the debt to your house and potentially forcing a sale?
Marty Funkhouser said:
wibble cb said:
No house, no car, no job, no assets to speak of, so doubtful !
Did you mention the outstanding £11k to him? If so, what was his response?I already feel like a b@stard, didn't need to rub it in.
wibble cb said:
At this exact time having just been told he will be homeless unless I intervene, it didn't seem like a good idea.
I already feel like a b@stard, didn't need to rub it in.
Harsh as it sounds that's not your fault, his poor choices are his to own.I already feel like a b@stard, didn't need to rub it in.
That said if you do have 11k to lend I'm good for it obviously.
wibble cb said:
At this exact time having just been told he will be homeless unless I intervene, it didn't seem like a good idea.
I already feel like a b@stard, didn't need to rub it in.
I'm in a crap situation at the moment, having lost my job, going through divorce and I'm temporarily staying at my parent's house. I'm aiming to get a van or boat to live in for a while until I'm back on my feet with money coming in. My sister's husband has just died and she's come into a lot of money, but I wouldn't dream of asking her, I'd rather endeavour to sort out my own life than sponge off others. I already feel like a b@stard, didn't need to rub it in.
Don't feel bad or like a b
d, if you lent your 'friend' the money, you know he'd be back in 12-18 months asking again for even more. You helped him out before and it didn't work out for either of you. Some people are beyond saving.Gassing Station | Finance | Top of Page | What's New | My Stuff