Lending Small amount of cash to friends

[p4cks]

Any update alorotom?

[alorotom]

p4cks said:

Any update alorotom?

Nah nada nothing ... doubt I'll hear anything until the 23rd ... in 2 minds about chasing in the interim or leaving her to it, depends how much she wants this Amigo guarantor loan (assuming for the £7.5k max) I guess lol

[anonymous-user]

DuraAce said:

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.

Exactly - my best mate found himself out of work for about 9 months and I knew that although he earned well he also spent well. We were out for a drink and I just told him that if he needed any money just ask.

[xRIEx]

alorotom said:

p4cks said:

Any update alorotom?

Nah nada nothing ... doubt I'll hear anything until the 23rd ... in 2 minds about chasing in the interim or leaving her to it, depends how much she wants this Amigo guarantor loan (assuming for the £7.5k max) I guess lol

When (if) she gives you the last of the money and hands over the form to sign, just write the first letter of your signature, hand it back and say you'll sign it one letter per month.

[Blown2CV]

garyhun said:

DuraAce said:

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.

Exactly - my best mate found himself out of work for about 9 months and I knew that although he earned well he also spent well. We were out for a drink and I just told him that if he needed any money just ask.

i think if i was the type of guy who spent all his money every month and consequently was quite proud and probably was one of those type of people who loves the image of conspicuous consumption like this guy sounds to be... i.e. wanting to project and image of "doing well".... however well meaning the gesture, to be asked if i wanted to borrow money would be feel like a pretty big balloon-popper. If you want to make the guy feel like utter st and worthless, then yea offer away.

[StottyEvo]

Du1point8 said:

StottyEvo said:

markcoznottz said:

StottyEvo said:

How do you not get your money back? I've lent out lots of money over the years and been ducked many times. The most recent was for £2,500 and I noticed said friend ducking me after I called him in the morning, sent a text then called again the evening all with no response. The next day I called him mobile repeatedly, when he wouldn't answer I called his work and asked for him... After a raging bking he paid me my money.

Another recent one I was owed £300, after ducked texts and calls I turned up at his house on a Sunday evening. People want a quiet life, they really really do not want someone calling their work or turning up at their house on a Sunday evening. Make it easier for them to pay the money than not.

I think there isn't a length that I wouldn't go to to get my money back, which kinda works well as a deterrent to not pay me back.

I'm currently owed just shy of £20,000 by friends at the moment.

Why so much?

My friend found a Red Evo 9 MR 360 in mint condition with 53,000 on the clock for £19,000 in Northern Ireland. I could either be the biggest on earth and buy it myself or lend him the money and book a ferry...

Rest of it is £350 to a life long friend who was made redundant, £200 to another friend who is in financial hardships.

You lent the full asking price of a Evo 9?

I dont understand cause unless he got it for circa £15k its floating around that price anyway:

http://www.pistonheads.com/classifieds/used-cars/m...

So even if you take in the fact its got more miles and NI, I thought it was the going rate, so you bought him a car instead of him getting a loan?

Am I missing something here? The car you linked is up for £22,000, this would make the car he bought an absolute bargain. Its thousands of pounds cheaper and in an arguably preferred colour (red) At the time, the only comparable Evo 9 was up for £26,995!

I have the money back anyway now.

[Morningside]

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.

Any ideas for the next step if I find him? Chase for debt via legal route? Small claims court? baseball bat? I dunno.

[xjay1337]

Morningside said:

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.

Any ideas for the next step if I find him? Chase for debt via legal route? Small claims court? baseball bat? I dunno.

That's a bum.

Do you have it in writing, that he agrees to pay back the money?

I seen it enough on Judge Judy/Rinder/Grinder/Bumface that without some sort of evidence that you lent him the money, it can be very difficult.

To be honest unless you are desperate for the money I'd just write it off, maybe publically mention it on FB if you have lots of mutual friends or similar. Sometimes shame is better than threats.

[hora]

I worked with a girl who lent her car to a friend so she could commute to a job (and the car owner couldn't afford insurance and car repayments at the same time) so she thought she was helping out her friend get to work and friend was covering the insurance.

After a year of this the car needed a Service, bits doing for mot and new tyres. The borrower refused to contribute anything but needed the car back asap to get to work again.

[Morningside]

xjay1337 said:

Morningside said:

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.

Any ideas for the next step if I find him? Chase for debt via legal route? Small claims court? baseball bat? I dunno.

That's a bum.

Do you have it in writing, that he agrees to pay back the money?

I seen it enough on Judge Judy/Rinder/Grinder/Bumface that without some sort of evidence that you lent him the money, it can be very difficult.

To be honest unless you are desperate for the money I'd just write it off, maybe publically mention it on FB if you have lots of mutual friends or similar. Sometimes shame is better than threats.

Yes. I do have an agreement of sorts as it was between friends (huge mistake!). I thought about publicly mentioning who and how much it but are there any legal repercussions of doing that?

[exelero]

alorotom said:

I put something in the Things that annoy you beyond all reason thread a little while ago on this exact matter.

I was asked by a friend who i have known for some 22yrs if i could lend her £3k last december to help pay some bills with her events business on the premise i would get it back with interest (an extra £1k) in 3 installments of 500/500/3000 in Jan/Feb then June.

Hassled incessantly about if/when I was sending the money to the point where I nearly decided against it, then semi-disappeared when I did send it. Turns out the money was for her and her then BF and not for the business and she gave him £1k when he walked out on her, why she would do this I dont know.

Fast forward into the new year and I hear from her sporadically but no mention of money, I wasnt pushed for it so let it run till July when I started to think that just because I wasnt in need of it didnt mean I shouldnt get it back, so started asking questions and was met indignantly about it. She arranged to pay £200 a month on the 28th each month July-November and then the balance of £2k in December, but could no longer offer any interest back - my sweetner now totally gone,

The first payment was made on time, every other I have had to send message after message about and the excuses are rampant. Last month I didnt get the amount till 16th and got an arsey message when I messaged on the 28th asking where the monies were at as I only got the last amount less than 2 wks ago (the fact that it was her delay didnt come into it).

I am still awaiting the 28/11 installment and was assured that it would be in my account yesterday and low and behold it wasnt ... I have never known anyone have such banking issues ... clearly lies.

I am waiting on the payment of the £200 then will press for the £2k lump.

The additional joke though is that she keeps asking for me to go guarantor on an Amigo loan for £10k for her ... she cant afford to pay me £200 a month without me hassling, how on earth does she expect me to believe she will maintain payments on a formal loan!! NOT A CHANCE

Oh and as a final piss take additional she hates her car (knackered little 02 plate nissan micra) and thinks she "deserves to drive and audi" and knows I have my TTRS in the garage that I dont really use and asked if she "could have it" as it was "just wasted not being used" by me, and that she "would look better driving it" than me and also "it would look more professional for her business" ... fking joker, especially when all I used to get from her was £5figure bragging about events she was arranging and creaming money out of - lies lies lies - you want your dream car, buy it yourself!

Are we still friends - definitely not
Am I keeping my cool till its paid - absolutely
Would I ever loan to anyone, ever again - not a chance

If I give you the 200 she ownes you can I have the TT?

[xjay1337]

Morningside said:

Yes. I do have an agreement of sorts as it was between friends (huge mistake!). I thought about publicly mentioning who and how much it but are there any legal repercussions of doing that?

IANAL but no issurs making it public if its factual.

If you have in writing. Small claims.

[StottyEvo]

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.

Any ideas for the next step if I find him? Chase for debt via legal route? Small claims court? baseball bat? I dunno.

Find out contact details and give him a ring, say you're just wondering when you'll get the money. Tell him it looks like he's trying not to pay. If he ignores your calls, call his work and ask for him. Ring him from different phones, just pester the living st out of him

[alorotom]

alorotom said:

p4cks said:

Any update alorotom?

Nah nada nothing ... doubt I'll hear anything until the 23rd ... in 2 minds about chasing in the interim or leaving her to it, depends how much she wants this Amigo guarantor loan (assuming for the £7.5k max) I guess lol

So it's the 23rd and I've had total radio silence since I made the offer of guarantor pending full payment ... sent a reminder this morning and that's been ignored so far as well ... am I shocked, not in the slightest, going to drop a line to her office this afternoon to speak to her though

[Blown2CV]

alorotom said:

alorotom said:

p4cks said:

Any update alorotom?

Nah nada nothing ... doubt I'll hear anything until the 23rd ... in 2 minds about chasing in the interim or leaving her to it, depends how much she wants this Amigo guarantor loan (assuming for the £7.5k max) I guess lol

So it's the 23rd and I've had total radio silence since I made the offer of guarantor pending full payment ... sent a reminder this morning and that's been ignored so far as well ... am I shocked, not in the slightest, going to drop a line to her office this afternoon to speak to her though

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?

[alorotom]

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 anything

[Bluedot]

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?

He's not, he's only 'saying' he will providing he gets his money back from his original loan first.

[bobtail4x4]

do you think she read this?

[anonymous-user]

bobtail4x4 said:

do you think she read this?

I wondered this.

[alorotom]

garyhun said:

bobtail4x4 said:

do you think she read this?

I wondered this.

Not a chance on that, proper girly girl with zero interest in cars other than them looking nice and making her look good

Heard from her and she reckons I'll have the first amount later today or tomorrow as she is waiting on an invoice clearing (did sound genuine in fairness) and also transferred another £200 to me immediately in prep ... the saga continues