Lending Small amount of cash to friends

Lending Small amount of cash to friends

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jshell

11,006 posts

204 months

Wednesday 16th November 2016
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I lent £100 to a super-cute 20yr old girl that I was shagging for a while. She disappeared. It was worth every penny... biglaugh

TurboHatchback

4,151 posts

152 months

Wednesday 16th November 2016
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Sounds like you lot need to get better friends.

SS2.

14,455 posts

237 months

Wednesday 16th November 2016
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Money & friends ? Recipe for disaster, IMO.

I'd rather give them money than loan it to them.

Koofler

616 posts

165 months

Wednesday 16th November 2016
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Robbo 27 said:
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.
Sounds like he needs sticking on his arse.

Jimmy Recard

17,540 posts

178 months

Wednesday 16th November 2016
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Robbo 27 said:
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.

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.
Nine grand!? Starting out, skint and without a car, what's wrong with 10% of that on a basic but reliable Corolla, Astra, Focus or any other unexciting but usable car?

Cotty

39,389 posts

283 months

Wednesday 16th November 2016
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Also don't lend DVD's that you want to see again. Unfortunately its not something I can buy again.

jshell

11,006 posts

204 months

Wednesday 16th November 2016
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Cotty said:
Also don't lend DVD's that you want to see again. Unfortunately its not something I can buy again.
Wife did that, I told her not to, all gone! Only £60 worth, but still furious...

Morningside

24,110 posts

228 months

Wednesday 16th November 2016
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jshell said:
Cotty said:
Also don't lend DVD's that you want to see again. Unfortunately its not something I can buy again.
Wife did that, I told her not to, all gone! Only £60 worth, but still furious...
Had a VHS pirate version of "Total Recall" that was a studio uncut and unedited version that had a totally different ending. Lent it to someone who 'kindly' recorded a better copy over the top for me. banghead

daddy cool

3,996 posts

228 months

Wednesday 16th November 2016
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Cotty said:
Also don't lend DVD's that you want to see again. Unfortunately its not something I can buy again.
Intrigued - whats the film? Or was it something "home-made"...

Cotty

39,389 posts

283 months

Wednesday 16th November 2016
quotequote all
daddy cool said:
Cotty said:
Also don't lend DVD's that you want to see again. Unfortunately its not something I can buy again.
Intrigued - whats the film? Or was it something "home-made"...
I raced Karts with Club100 http://www.club100.co.uk/ Some of the organisers and drivers made a track guide for the UK tracks we raced at. They only made a limited number and only available to Club100 members.

Guy I worked with was racing at Buckmore Park and asked for some tips so lent him the guide, 6 months and still not returned.

Chris7865677

211 posts

91 months

Wednesday 16th November 2016
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I don't lend money to anyone anymore. I either never got it back or had to chase them to get it back. Wasn't worth the hassle. I shouldn't have to chase people to get my money back when I am doing them a favour!

antspants

2,401 posts

174 months

Wednesday 16th November 2016
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I am firmly in the camp of don't lend money to friends, I don't mean £20 here or there but what I'd class as money I'd be annoyed to lose. One friend (although I would use the term loosely in hindsight) dropped significant hints which I just completely ignored because it was clear he had absolutely no way of paying it back. I'd rather not have the conversation than it become an awkward situation having to refuse, fortunately he stopped hinting after a while and actually we see very little of him these days.

The only time we have lent money was to my wife's sister when they were moving house last year. I think my wife laid it on quite thick about how pissed off I'd be if we didn't get it back, and agreed quite specific terms about when we wanted it repaid by, so it all went fine and everybody was happy. But perhaps her sister and husband are just people of their word and she didn't need to do that, it's very difficult to tell sometimes when it comes to money.


gtidriver

3,334 posts

186 months

Wednesday 16th November 2016
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Many years ago i lent a work mate about a thousand pounds, it was for a two month period and he agreed to pay it back in full. well two months pasts and nothing, so I asked for my money back. He came up with bullst excuses as borrowers do then just didnt turn up to work, I was called into the managers office a week or so later where his mother was there, he had tried to commit suicide with a bottle of vokda and some tablets she gave me the full amount in cash and told me it was all my fault what her son had done. I just walked away, did feel a bit st though. He came back to work and appologised but nothing was ever said about it.

Robertj21a

16,475 posts

104 months

Wednesday 16th November 2016
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Never lend money to a good friend, it usually ends in problems - and you've lost that good friend, forever.

anonymous-user

53 months

Wednesday 16th November 2016
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I remember a friend lending £50 to another.

it took 5 years for him to pay back, he was just like that. Would go out on the piss every weekend, but never had the money to pay back.

I would never lend him money.

Ziplobb

1,349 posts

283 months

Wednesday 16th November 2016
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I worked in a bank for a number of years and you would be surprised that there are a significant numbers of people out there who think they dont have to pay borrowed money back. The excuses I have heard over the years ....

Pieman68

4,264 posts

233 months

Wednesday 16th November 2016
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Best friend and I were at university together. We never used to lend each other money but just looked out for each other (shopping, nights out, fags) if one or the other had funds

That was over 20 years ago. About 6 years back when my ex wife left he gave me £1k to bail me out with paying the mortgage/bills when I was properly in the mire. He told me at the time that he never expected to see it back and didn't need it after his dad passed away.

I have spent the last 5 years getting back on my feet avoiding bankruptcy and repaying all of my debts. He has recently split up with his wife.

Not sure how his pending divorce has affected his finances but he's getting the lot back in February when I get my bonus. If he refuses it will go to his son!

He's never mentioned it once. Doesn't mean I have forgotten though.

Edited by Pieman68 on Wednesday 16th November 12:25

RB Will

9,662 posts

239 months

Wednesday 16th November 2016
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After being burnt in the past doing it I wont do it again unless its a very good friend, for a life changing reason and an amount I wont be too pissed about if it doesn't come back.

The OHs brother still owes her about £800 she lent him to get a car last year, he paid some back then pleaded poverty, keeps saying it needs a service etc. I'm miffed with him as I went with him to buy it and we had enough for full asking price but I managed to talk the seller down the price of a service as it was overdue. So he had the money to get the car serviced from the outset but chose to spend it on window tints and a wheel refurb instead.

He still owes her sister money from uni days which was about 8 years ago!

PhilboSE

4,322 posts

225 months

Wednesday 16th November 2016
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I've not been asked for a loan directly, but on a couple of occasions I have paid for something on behalf of a "friend" on the pretext that I would be paid back. Amounts were <£100 and the next few times I saw them the "friend" would remind me that they still owed me the money. It was never offered though, I made the point of reminding them a few times, never saw it, wrote off the amount but they lost their friend status.

Interestingly, both of them left their wives & family for a younger bit of skirt, behaving very badly in the process with a complete "me" attitude to the process. Obviously a slightly sociopathic element running through people who decide that debts are for someone else.

bob1179

14,107 posts

208 months

Wednesday 16th November 2016
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trickywoo said:
Never lend money to friends you need to have back.
Basically this. I helped a 'mate' out years ago when he was desperate.

As somebody else said, it wasn't not getting the money back that annoyed me so much. Just the excuses and bare faced lies that followed it all.

So basically , never again.

smile