Lending Small amount of cash to friends
Discussion
Jimmy Recard said:
It should have happened this way:
Dave cannot be trusted with money so Bob gives his mother £500, telling her that he bumped into Dave who gave Bob the money as Dave feels too embarrassed and sheepish to give her the cash himself.
Bob then pursues Dave for the balance and the mother is none the wiser
Yes, that's what should have happened (well Dave should have paid up at the time).Dave cannot be trusted with money so Bob gives his mother £500, telling her that he bumped into Dave who gave Bob the money as Dave feels too embarrassed and sheepish to give her the cash himself.
Bob then pursues Dave for the balance and the mother is none the wiser
Bob is as soft as a candy floss bed and doesn't like confrontation hence Dave still owes him money. But to me it's not Bob's responsibility to chase, it's Dave's to pay up
Just discovered Dave owes someone else a couple of hundred from a year ago that was meant to be paid back with a couple of weeks...
Dave's a
Edited by arfursleep on Friday 23 December 13:01
alorotom said:
Blown2CV said:
i might have missed why this is, but why would you go guarantor on a loan for someone so they can borrow money to pay you back... Pointless exercise as they just won't pay that and you'll be liable?
It's a couple of pages back ... essentially I'm not, it's the hook and condition of paying the rest back this month, but have no intention of actually going guarantor for anythingi found out the other day that when she was 20 or so Mrs 2CV lent a distant ex £600 because she was nice and had a job (despite that being probably 50% of her monthly wage at that point), and he was a st and was on the dole. She is still owed it. She's written it off in her head, and did so long ago. Not sure how I feel about it... i'd get stty over a fiver though
Apologies for resurrecting this thread but 6 months later and totally out of the blue, the ex work colleague who I had lent some money to contacted me. He sent an email, apologising for not getting back to me sooner and asked me call him. I did and heard how he'd had a tough time of things but was now getting back on his feet and was determined to pay back all the money he had been lent from various people.
I'd only lent him £50 so it wasn't exactly the end of the world if I never got the money back but today the money was transferred back to me.
A little bit of faith in humanity was restored today
I'd only lent him £50 so it wasn't exactly the end of the world if I never got the money back but today the money was transferred back to me.
A little bit of faith in humanity was restored today
Bluedot said:
Apologies for resurrecting this thread but 6 months later and totally out of the blue, the ex work colleague who I had lent some money to contacted me. He sent an email, apologising for not getting back to me sooner and asked me call him. I did and heard how he'd had a tough time of things but was now getting back on his feet and was determined to pay back all the money he had been lent from various people.
I'd only lent him £50 so it wasn't exactly the end of the world if I never got the money back but today the money was transferred back to me.
A little bit of faith in humanity was restored today
Good on him... a nice end to the story for sure.I'd only lent him £50 so it wasn't exactly the end of the world if I never got the money back but today the money was transferred back to me.
A little bit of faith in humanity was restored today
MKnight702 said:
I still want to know if alorotom got his money back
Apologies, been meaning to update for a while ... don't want this to end up like the nazi bunker or locked safe threads! We made an arrangement for a 50:50 split payment to settle early Jan and then at the end of Jan for the balance ... the first payment was made on time as planned which was a shock
The second payment to settle the balance, never materialised and the excuses are still flowing and even the offer of considering going guarantor isn't enough of a carrot ... so I dropped by her place of wok to discuss and she was mortified, but stated that if you don't ring or contact someone when you have an accord (not of the Honda variety) and then you renege on it and disappear off the grid what do you expect to happen!
We are discussing options now still (I'm not hopeful) but at least I got a good chunk of it back!
I got asked if I could lend a friend some money for a personal move out of a flat and into a new one early and they needed help covering the deposit until the other deposit came back.
I asked them why they couldn't use their business to lend them the money and pay it back straight away.
Got told that their business account and their personal account are separate entities and they would never borrow from it (this despite it having alleged thousands in the account)... When pushed I asked why, as they only needed the money for 6 weeks and a business loan to a director is fine as long as its paid back.
Was then told that if I cant understand the difference between business/personal I shouldn't be asking, plus their financies are nothing to do with me... When I explained they are as I need to make sure monies could be paid back, was told that its their personal details and nope.
Told them to do one on the loan from me... stating if they didn't know they could use their business account and if its going to be paid back in a very short period of time, they don't need me to loan them the money.
Got call a selfish asshole... don't speak to them anymore.
Dodged a massive bullet, suspect they didn't have a pot to piss in and frittered the money away and were not going to tell me.
I asked them why they couldn't use their business to lend them the money and pay it back straight away.
Got told that their business account and their personal account are separate entities and they would never borrow from it (this despite it having alleged thousands in the account)... When pushed I asked why, as they only needed the money for 6 weeks and a business loan to a director is fine as long as its paid back.
Was then told that if I cant understand the difference between business/personal I shouldn't be asking, plus their financies are nothing to do with me... When I explained they are as I need to make sure monies could be paid back, was told that its their personal details and nope.
Told them to do one on the loan from me... stating if they didn't know they could use their business account and if its going to be paid back in a very short period of time, they don't need me to loan them the money.
Got call a selfish asshole... don't speak to them anymore.
Dodged a massive bullet, suspect they didn't have a pot to piss in and frittered the money away and were not going to tell me.
Morningside 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.
Now Mr. ahole is ignoring all calls and texts. More annoying it that he has disappeared and I cannot find him (left his partner). Looks like I will never get my remaining £400. 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.
Any ideas for the next step if I find him? Chase for debt via legal route? Small claims court? baseball bat? I dunno.
Still that's it, all over and done with and the friendship as well I think.Again very strangely he really doesn't want me to know where he lives and we met at a supermarket.
Never ever again. Anyone wants something either save up for it or give me the total cash up front.
MX5_Nuts said:
My Brother text me asking if I can lend him some cash for "emergency dental work". He started a new job around 3 months ago. Told him to fk off.
I guess it depends on the individual family dynamics, but I would happily give my sister any amount of money and I would be more annoyed if she actually tried to pay me back. My best mate from school borrowed a significant amount of money from another good mate probably getting on for 20 years ago. Said best mate from school then buggered off to live on the other side of the planet, and still hasn't paid him back. Weirdly the lad he borrowed the money off doesn't hold it against him! Same lad borrowed me a smaller sum and I paid him back ASAP. Surely a real mate would always pay you back. Just goes to show how morally (as well as financially) bankrupt most people are.
I lent an old pal an immaculate Space Invaders machine, totally original and in a 9.5/10 condition.
He wanted it for his new conservatory, a kind of focal point if you like.
I prodded him a few times about getting it returned after 12 months or so, eventually he gave me an envelope with £250 in it, he'd managed to sell it for me.
Firstly, I didn't want to sell it, I used to come across stuff like this all the time in my old business and I only ever kept the very nicest machines that I came across.
Secondly, if I sold it to a collector I'd probably have gotten £1500ish and possibly more if I tried on Ebay.
I'm not sure what was going through his head at the time, we didn't speak a great deal after that, he thought I was being a bit dramatic.
He wanted it for his new conservatory, a kind of focal point if you like.
I prodded him a few times about getting it returned after 12 months or so, eventually he gave me an envelope with £250 in it, he'd managed to sell it for me.
Firstly, I didn't want to sell it, I used to come across stuff like this all the time in my old business and I only ever kept the very nicest machines that I came across.
Secondly, if I sold it to a collector I'd probably have gotten £1500ish and possibly more if I tried on Ebay.
I'm not sure what was going through his head at the time, we didn't speak a great deal after that, he thought I was being a bit dramatic.
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