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don't lend money to family

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Comments

  • #32
    123balltv
    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.


  • #33
    cena
    Registered Users, Registered Users 2 Posts: 10,397 ✭✭✭✭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.


  • #34
    Strumms
    Registered Users, Registered Users 2 Posts: 28,197 ✭✭✭✭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.


  • #35
    Murt10
    Registered Users, Registered Users 2 Posts: 1,218 ✭✭✭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.


  • #36
    cena
    Registered Users, Registered Users 2 Posts: 10,397 ✭✭✭✭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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