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don't lend money to family

  • 24-03-2014 3:48pm
    #1
    Registered Users, Registered Users 2 Posts: 10,073 ✭✭✭✭


    Don't learn the hard like i have to never again lend money to a family member again.

    I lent just over 2000 euro to the brother with the agreement he pay back by christmas, than it went to I have a job in england I well pay it back than. Still waiting on 700 euro to pay it in full, four months waiting


Comments

  • Banned (with Prison Access) Posts: 42 Scotty P


    Also, water is wet.


  • Closed Accounts Posts: 559 ✭✭✭urabell


    Neither a borrower nor a lender be; For loan oft loses both itself and friend


  • Closed Accounts Posts: 3,516 ✭✭✭wazky


    Want me to break his legs for you? That will speed up your predicament.


  • Closed Accounts Posts: 892 ✭✭✭GenieOz


    Never lend money to family or friends. Never lend money to anyone that you can't afford to never see again.


  • Registered Users, Registered Users 2 Posts: 3,012 ✭✭✭Plazaman


    You've been Sozéd
    After that my guess is that you will never hear from him again. The greatest trick the devil ever pulled was convincing the world he did not exist. And like that... he is gone.


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  • Registered Users, Registered Users 2 Posts: 10,073 ✭✭✭✭cena


    wazky wrote: »
    Want me to break his legs for you? That will speed up your predicament.
    yes please. Details sent. :)

    ive told him i'll take the engine out of his van that i paid for to get my money back


  • Registered Users, Registered Users 2 Posts: 10,073 ✭✭✭✭cena


    GenieOz wrote: »
    Never lend money to family or friends. Never lend money to anyone that you can't afford to never see again.

    he live across the road from me. The job was only for a week


  • Closed Accounts Posts: 892 ✭✭✭GenieOz


    cena wrote: »
    he live across the road from me. The job was only for a week

    Doesn't matter. Money ruins relationships


  • Registered Users, Registered Users 2 Posts: 8,755 ✭✭✭degsie


    cena wrote: »
    don't learn the hard like to never again lend money to a family member again.

    I lent just over 2000 euro to the brother with the agreement he paided back by christmas, than it went to i have a job in england i'll pay it back than. Still waiting on 700 euro to pay it in full. 4 months waiting

    It's a pity alright. Just think of what you could have achieved if you spent the money on grammar lessons....:pac:


  • Registered Users, Registered Users 2 Posts: 10,073 ✭✭✭✭cena


    GenieOz wrote: »
    Doesn't matter. Money ruins relationships

    if he isn't carefull he'll have a back eye. A man would keep to his word


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  • Registered Users, Registered Users 2 Posts: 1,314 ✭✭✭caustic 1


    oh grow up, it's been 4 months circumstances may have changed. Why give it if you were going to begrudge it even if he never gives it back. I'm sure if he had it you would have got it back, if not then you should have known his nature and not given it in first place.


  • Closed Accounts Posts: 217 ✭✭Popescu


    By all means lend to family but consider it a bonus if the loan is ever repaid.


  • Registered Users, Registered Users 2 Posts: 10,384 ✭✭✭✭Birneybau


    Thanks for sharing.




















    Said your brother.


  • Registered Users, Registered Users 2 Posts: 11,397 ✭✭✭✭azezil


    I don't lend my family nor close friends money if they're in dire need I just give it to them knowing they'll help me out if I'm stuck.


  • Registered Users, Registered Users 2 Posts: 55,572 ✭✭✭✭Mr E


    azezil wrote: »
    I don't lend my family nor close friends money if they're in dire need I just give it to them knowing they'll help me out if I'm stuck.

    PM sent.


  • Closed Accounts Posts: 5,987 ✭✭✭Legs.Eleven


    My boyfriend lent his best mate 200 quid over a year ago (my boyfriend was out of work at the time and his best mate was working) and he hasn't paid it back. Boyfriend is still unemployed and could really do with the money now but your man has still conveniently forgotten. How could you forget someone lent you 200 squids? How could it not pass through your mind in all the time? Boyfriend defends him but I'd love to let it slip on a night out or something. Obviously I wouldn't but I'd love to.


  • Closed Accounts Posts: 217 ✭✭Popescu


    azezil wrote: »
    I don't lend my family nor close friends money if they're in dire need I just give it to them knowing they'll help me out if I'm stuck.
    Allow family and friends the dignity of calling the gift a loan.


  • Registered Users, Registered Users 2 Posts: 3,503 ✭✭✭thefinalstage


    My boyfriend lent his best mate 200 quid over a year ago (my boyfriend was out of work at the time and his best mate was working) and he hasn't paid it back. Boyfriend is still unemployed and could really do with the money now but your man has still conveniently forgotten. How could you forget someone lent you 200 squids? How could it not pass through your mind in all the time? Boyfriend defends him but I'd love to let it slip on a night out or something. Obviously I wouldn't but I'd love to.

    The boyfriend probably lost that on the dogs and needed an excuse :-P


  • Registered Users, Registered Users 2 Posts: 473 ✭✭lollsangel


    So 1300 has been repaid? Im guessing op he will sooner or later finish paying it. I avoid loaing money but also understand due date can be very much abused


  • Closed Accounts Posts: 18,299 ✭✭✭✭The Backwards Man


    I only lend money to someone when I don't give a sh1te whether they'd pay it back or not.

    My old octogenarian boss many years ago was a wise old owl. She always said subbing people who never paid it back was a double loss. You're out the money you gave them and you don't see them again either.


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  • Registered Users, Registered Users 2 Posts: 4,971 ✭✭✭Holsten


    Don't lend money to ANYONE. EVER.

    I wouldn't give my siblings a penny unless they were going to be homeless or something.

    You lend people money you should expect to never see it again.


  • Closed Accounts Posts: 2,753 ✭✭✭Vito Corleone


    He has dishonored you, and now must be thrown to the lions.


  • Posts: 0 [Deleted User]


    You must have interesting relationships with your family members.

    I've lent money to my siblings/they've lent money to me, no issues.


  • Registered Users, Registered Users 2 Posts: 792 ✭✭✭Ziegfeldgirl27


    I don't even lend my family so much as a DVD never mind money!!


  • Registered Users, Registered Users 2 Posts: 1,010 ✭✭✭ringadingding


    The boyfriend probably lost that on the dogs and needed an excuse :-P

    €120 hooker
    €80 gram of decent Charlie

    Blaming your mate
    Priceless


  • Registered Users, Registered Users 2 Posts: 10,073 ✭✭✭✭cena


    AdamD wrote: »
    You must have interesting relationships with your family members.

    I've lent money to my siblings/they've lent money to me, no issues.

    They won't spend five minutes in our company unless he wants something


  • Registered Users, Registered Users 2 Posts: 1,314 ✭✭✭caustic 1


    cena wrote: »
    They won't spend five minutes in our company unless he wants something

    You knew this and you leant the money knowing it, so why do it?
    Seems to me there was probability it wouldn't be paid back on time so was a risk to take, also threatening to take engine out of his van because he is late with repayment makes me think whey would he want to spend time in your company. Isn't that something loan sharks would do?


  • Registered Users, Registered Users 2 Posts: 371 ✭✭Teagwee


    I only lend money to someone when I don't give a sh1te whether they'd pay it back or not.

    My old octogenarian boss many years ago was a wise old owl. She always said subbing people who never paid it back was a double loss. You're out the money you gave them and you don't see them again either.

    There's another way of looking at this. Un-repaid loans can be considered a cheap way of discovering/eliminating false friends. If they pay you back, they really are friends; if not, it's worth the money to 'lose' them.

    In any event, if you do lend at all, lend only what you can afford never to get back ...


  • Registered Users, Registered Users 2 Posts: 10,073 ✭✭✭✭cena


    caustic 1 wrote: »
    You knew this and you leant the money knowing it, so why do it?
    Seems to me there was probability it wouldn't be paid back on time so was a risk to take, also threatening to take engine out of his van because he is late with repayment makes me think whey would he want to spend time in your company. Isn't that something loan sharks would do?

    I wouldn't know what a loan shark is like.


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  • Registered Users, Registered Users 2 Posts: 731 ✭✭✭Butterface


    A good few years ago, I needed 1,500e and my sister gave me a loan. She asked me to set up a weekly direct debit. I was working full time so I paid her back 100e a week. If I'd gone to the bank, it would have taken me ages to pay the loan back because I would have opted to pay the lowest amount possible. Since it was my sister, I just wanted to pay it back as soon as I could! I hate being indebted to anybody and I don't understand how siblings would treat each other so badly when it comes to lending and repaying loans! If I lent money to my sister I know she'd pay it back straight away.. we were both raised under the same roof so we have the same values.


  • Registered Users, Registered Users 2 Posts: 1,110 ✭✭✭123balltv


    I'll only lend to family never to friends at the end of the day
    friends stick by their own family.


  • Registered Users, Registered Users 2 Posts: 10,073 ✭✭✭✭cena


    Butterface wrote: »
    A good few years ago, I needed 1,500e and my sister gave me a loan. She asked me to set up a weekly direct debit. I was working full time so I paid her back 100e a week. If I'd gone to the bank, it would have taken me ages to pay the loan back because I would have opted to pay the lowest amount possible. Since it was my sister, I just wanted to pay it back as soon as I could! I hate being indebted to anybody and I don't understand how siblings would treat each other so badly when it comes to lending and repaying loans! If I lent money to my sister I know she'd pay it back straight away.. we were both raised under the same roof so we have the same values.

    Respect. You sir are my kind of person that pays back. Ya would think we would have the same values but, I'm afraid not with him.


  • Registered Users, Registered Users 2 Posts: 26,225 ✭✭✭✭Strumms


    I've been burned a couple of times by friends. I loaned a guitar worth 700 punts to a friend, she then agreed to buy it. We had a very minor disagreement regarding a mutual friend and didn't speak for a brief time as in a couple of weeks then were on speaking terms again and when I tried to chase the money down I found she had changed her phone number and went to ground and subsequently ended up moving to the UK to be with her partner. Never managed to track her down till a couple of years ago I came across her FB page and there she is in one of the pics with my Fender Telecaster...

    Also I loaned a mate in work some money to get a flight to go and visit his sick father in the UK. It was at sort notice and was about 200 quid... His father became very ill and died within the month... I didn't chase up the money out of respect and sensitivities really but I would have expected it to be paid back. The guy was in a very decent job and left before I could get it back.

    Thirdly a friend of mine wasn't working and last year agreed to come on a football trip we went on in Febuary. Anyway months to save up and he lives at home anyway... Gets to the airport and says he only has enough spending money and can't pay his share of the hotels or flights... Ok I can wait.... I mentioned to him if he wanted to give me 30 quid a month or whatever it would be cool.... No he doesn't answer his phone, reply to txts even though it's usually just " hey wanna go for a game of snooker"

    Never lend money to family or friends. I guess in my case it made me think a little harder who my real friends actually were.


  • Registered Users, Registered Users 2 Posts: 1,207 ✭✭✭Murt10


    The best answer seems to be that you need collateral worth in excess of the amount loaned.

    Problem solved, and while not ideal, preferable to a refusal. Digging a friend/family out of a hole is what friends are for.


  • Registered Users, Registered Users 2 Posts: 10,073 ✭✭✭✭cena


    Murt10 wrote: »
    The best answer seems to be that you need collateral worth in excess of the amount loaned.

    Problem solved, and while not ideal, preferable to a refusal. Digging a friend/family out of a hole is what friends are for.

    He won't ever be getting anything off me again.


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