Lending Small amount of cash to friends

[Cotty]

alorotom im liking the way this is going

[mjb1]

alorotom said:

Well within 6hrs of offering to look at the guarantor paperwork on the premise of being paid back in full first I had a message saying the remaining balance will be split into 2 equal amounts and paid on the 23rd then the 30th ... odd I'll grant you but we shall see ... I'm guessing 2 people are going to be out of pocket to make me in the black

Hopefully, rather than bludging off another of her friends to pay you back, she's getting the short term cash together using payday loans on the premise that she'll repay them using the Amigo loan.

Generally speaking, the sort of people that ask to borrow money off of friends are the same people that will never have the money available to repay them. Can't remember the last time (if ever) I borrowed cash off a friend, but I do know that my conscience would eat away at me until they were repaid, even if it was only £10.

[arfursleep]

Dave was getting married, and knew that his mate's mate (Bob) mum is a florist.

Dave asked Bob if the florist would do the flowers for the wedding at cost given their 'close relationship'

Bob's mum agreed with Dave £500 to do the flowers. Dave is happy.

6 months after the wedding Bob's mum still hasn't been paid, Bob asks Dave for the cash but Dave can't pay "car needs service and tyres" etc
Every few months Bob chases Dave for the cash but the excuses flow. Meanwhile Bob is looking at Dave's FaceBook page watching him getting new cars, going on holiday etc.

Bob eventually meets Dave and gives him the £500 cash to go and pay his Mum and then Dave will owe Bob. But Dave spends the cash and then delays paying Bob's Mum for 3 months until Bob goes round again...

Bob is now owed £500 by Dave.

4 years after the wedding Bob is still owed about £200 by Dave....

Dave doesn't know I know this but its the reason why I refused to lend him money recently

[All that jazz]

arfursleep said:

Dave was getting married, and knew that his mate's mate (Bob) mum is a florist.

Dave asked Bob if the florist would do the flowers for the wedding at cost given their 'close relationship'

Bob's mum agreed with Dave £500 to do the flowers. Dave is happy.

6 months after the wedding Bob's mum still hasn't been paid, Bob asks Dave for the cash but Dave can't pay "car needs service and tyres" etc
Every few months Bob chases Dave for the cash but the excuses flow. Meanwhile Bob is looking at Dave's FaceBook page watching him getting new cars, going on holiday etc.

Bob eventually meets Dave and gives him the £500 cash to go and pay his Mum and then Dave will owe Bob. But Dave spends the cash and then delays paying Bob's Mum for 3 months until Bob goes round again...

Bob is now owed £500 by Dave.

4 years after the wedding Bob is still owed about £200 by Dave....

Dave doesn't know I know this but its the reason why I refused to lend him money recently

Bob seems a bit thick.

[MKnight702]

arfursleep said:

Bob is now owed £500 by Dave.

And based on past experience did Bob put a legal agreement in place with Dave? If so send in the bailiffs.

[Cotty]

arfursleep said:

4 years after the wedding Bob is still owed about £200 by Dave....

Why doesn't Bob pop round Dave's place and while they are chatting over a cup of tea suggest that if the £200 if not returned now Dave's TV will be exiting the premises via the nearest unopened window.

[xRIEx]

All that jazz said:

arfursleep said:

Dave was getting married, and knew that his mate's mate (Bob) mum is a florist.

Dave asked Bob if the florist would do the flowers for the wedding at cost given their 'close relationship'

Bob's mum agreed with Dave £500 to do the flowers. Dave is happy.

6 months after the wedding Bob's mum still hasn't been paid, Bob asks Dave for the cash but Dave can't pay "car needs service and tyres" etc
Every few months Bob chases Dave for the cash but the excuses flow. Meanwhile Bob is looking at Dave's FaceBook page watching him getting new cars, going on holiday etc.

Bob eventually meets Dave and gives him the £500 cash to go and pay his Mum and then Dave will owe Bob. But Dave spends the cash and then delays paying Bob's Mum for 3 months until Bob goes round again...

Bob is now owed £500 by Dave.

4 years after the wedding Bob is still owed about £200 by Dave....

Dave doesn't know I know this but its the reason why I refused to lend him money recently

Bob seems a bit thick.

Bob does indeed seem a bit thick; why didn't Bob just give his mum the £500, rather than giving the money to Dave to give to Bob's mum, given that Dave is obviously st (or a st) with money?

[elanfan]

Motorola - you might recall it was my suggestion as to how to get your money back. I hope that you force payment to the original agreement not the revised amount that she magicked out of the air

I'm glad it appears to be working. Is there anyway you can film her reaction when you tell her that it ain't gonna happen? We'd love to see it.

[jamieduff1981]

xRIEx said:

All that jazz said:

arfursleep said:

Dave was getting married, and knew that his mate's mate (Bob) mum is a florist.

Dave asked Bob if the florist would do the flowers for the wedding at cost given their 'close relationship'

Bob's mum agreed with Dave £500 to do the flowers. Dave is happy.

6 months after the wedding Bob's mum still hasn't been paid, Bob asks Dave for the cash but Dave can't pay "car needs service and tyres" etc
Every few months Bob chases Dave for the cash but the excuses flow. Meanwhile Bob is looking at Dave's FaceBook page watching him getting new cars, going on holiday etc.

Bob eventually meets Dave and gives him the £500 cash to go and pay his Mum and then Dave will owe Bob. But Dave spends the cash and then delays paying Bob's Mum for 3 months until Bob goes round again...

Bob is now owed £500 by Dave.

4 years after the wedding Bob is still owed about £200 by Dave....

Dave doesn't know I know this but its the reason why I refused to lend him money recently

Bob seems a bit thick.

Bob does indeed seem a bit thick; why didn't Bob just give his mum the £500, rather than giving the money to Dave to give to Bob's mum, given that Dave is obviously st (or a st) with money?

Reading between the lines, Bob's mum is livid and calling Dave all the names under the sun. Bob has probably offered to buffer the debt already and Bob's mum doesn't want her son out of pocket, she wants the selfish prick Dave to man up and settle his debt. Being a (perhaps naïve) trusting sort, Bob wants his mother to be paid but feels it would look much better coming from Dave. Dave however is a selfish, irresponsible who needs a good hiding.

[Jimmy Recard]

jamieduff1981 said:

Reading between the lines, Bob's mum is livid and calling Dave all the names under the sun. Bob has probably offered to buffer the debt already and Bob's mum doesn't want her son out of pocket, she wants the selfish prick Dave to man up and settle his debt. Being a (perhaps naïve) trusting sort, Bob wants his mother to be paid but feels it would look much better coming from Dave. Dave however is a selfish, irresponsible who needs a good hiding.

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

[Du1point8]

jamieduff1981 said:

xRIEx said:

All that jazz said:

arfursleep said:

Dave was getting married, and knew that his mate's mate (Bob) mum is a florist.

Dave asked Bob if the florist would do the flowers for the wedding at cost given their 'close relationship'

Bob's mum agreed with Dave £500 to do the flowers. Dave is happy.

6 months after the wedding Bob's mum still hasn't been paid, Bob asks Dave for the cash but Dave can't pay "car needs service and tyres" etc
Every few months Bob chases Dave for the cash but the excuses flow. Meanwhile Bob is looking at Dave's FaceBook page watching him getting new cars, going on holiday etc.

Bob eventually meets Dave and gives him the £500 cash to go and pay his Mum and then Dave will owe Bob. But Dave spends the cash and then delays paying Bob's Mum for 3 months until Bob goes round again...

Bob is now owed £500 by Dave.

4 years after the wedding Bob is still owed about £200 by Dave....

Dave doesn't know I know this but its the reason why I refused to lend him money recently

Bob seems a bit thick.

Bob does indeed seem a bit thick; why didn't Bob just give his mum the £500, rather than giving the money to Dave to give to Bob's mum, given that Dave is obviously st (or a st) with money?

Reading between the lines, Bob's mum is livid and calling Dave all the names under the sun. Bob has probably offered to buffer the debt already and Bob's mum doesn't want her son out of pocket, she wants the selfish prick Dave to man up and settle his debt. Being a (perhaps naïve) trusting sort, Bob wants his mother to be paid but feels it would look much better coming from Dave. Dave however is a selfish, irresponsible who needs a good hiding.

Yup... OH tried to do this with her friends debt, but I refused as I know OH would never be the complete bd I am and demand it back off her friend... the person is so ill they should be dying... everytime I contact them, they are on deaths door, so much so they should be studied by the hospital.

Once she said she was so ill that she hadnt moved for days, I offered to come round in a taxi as I thought she should go into hospital if that was the case, she seemed to get better again rather quickly.

[Buster73]

The cleaner at work asked for a sub of £50 on the Tuesday and said she'd pay me back on payday , this being the Friday.

On the Friday she was trying to sneek away unnoticed, I saw her and asked for the sub to be repaid , she then started bleating on about me putting her in an embarrassing position , then offered to pay it back at a fiver a week , just stood my ground and told her to cough up now.

She had no option, I got paid , she then tried it on with others .

Rumour has it that she likes slot machines , but I'm not interested in anything she says or does , it's just not my problem.

She never even looks in my direction now never mind speaking to me.

Win win.

[Blown2CV]

i've always HATED in the past on the rare occasions i've had to ask to borrow something. Usually it's if I'd run out of cash and couldn't find a cash machine, rather than being skint, but I've always made a reminder for myself and paid back as soon as I could. Most of the time it would be the same day. The idea that anyone would do anything other than this is totally alien to me, and the idea of anyone actively withholding repayment when the money was lent in good faith as a friend... utterly disgusting. Unless you have some kind of equitable relationship where what goes around comes around, they are the sort of person who needs to be removed from your life as they are poison.

[hairyben]

Funnily enough a builder who owes me a couple of grand for some work (lax about chasing rather than lent as such) has decided to ignore all my attempts to contact him... Irony being the prime reason for contacting him was about a job probably worth 60 grand to him

[Jasandjules]

I must be quite lucky as very rarely to people borrow from me. I do however offer when I think people are in need. Thus far I only have had one person not pay me back (a couple of hundred quid) - ironically the one who is a friend of a friend and not a close friend!

[fridaypassion]

I have a kind of opposite scenario at the moment. A good pal of mine has been laid off from work. Hes been on good money on his time and is a professional but I suspect at at the moment they are struggling a bit. I'm fortunate to be in a position I can help out and wouldnt be particularly hung up on getting paid back although I'm certain it would be offered when he's back on track. How to broach it? I dont want to embarrass the guy.....

[Blown2CV]

I wouldn't automatically assume that anyone who's been made redundant is struggling financially. Often they are struggling instead with self worth and their place in the world, maybe taking the opportunity to consider a change of career etc. For many people at that point, about the only thing they do have is money. I don't think you should offer.

[DuraAce]

fridaypassion said:

How to broach it? I dont want to embarrass the guy.....

Just come straight out with it. I wouldn't be embarrassed if someone offered to help me - I would really appreciate the offer, even if I didn't need it at the time.
Sign of a good friend IMHO and not something I would ever forget.

[Robbo 27]

Blown2CV said:

I wouldn't automatically assume that anyone who's been made redundant is struggling financially. Often they are struggling instead with self worth and their place in the world, maybe taking the opportunity to consider a change of career etc. For many people at that point, about the only thing they do have is money. I don't think you should offer.

As someone who has been there, this makes a great deal of sense. They probably would value your time much more than your money.

[All that jazz]

fridaypassion said:

I have a kind of opposite scenario at the moment. A good pal of mine has been laid off from work. Hes been on good money on his time and is a professional but I suspect at at the moment they are struggling a bit. I'm fortunate to be in a position I can help out and wouldnt be particularly hung up on getting paid back although I'm certain it would be offered when he's back on track. How to broach it? I dont want to embarrass the guy.....

DON'T OFFER! Carry on with your life as normal unless he specifically asks you for a loan. It will end it tears otherwise.