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General Category => Discover Seattle! => Topic started by: P.C. on May 08 07 02:50

Title: Lending money.
Post by: P.C. on May 08 07 02:50
Borrowing and lending money.  Has anyone ever been in a position where they want to lend money to a good friend.....but know they will never see it again?  Let's assume we're talking about $1000.00.   I guess the best route would be to give what you can afford as a gift ?  How do people handle this ?
Title: Re: Lending money.
Post by: weird al on May 08 07 02:53
they want to lend money to a good friend.....but know they will never see it again?

  Does the good friend know you will never see it again -

 - and still refer to it as a loan?
Title: Re: Lending money.
Post by: purelife on May 08 07 03:05
It would be charity then.  If I knew that the person could not pay me back, then I'd give them whatever I can, depending on the person and how closely he/she is related to me.  I'd help out as much as possible and I've been in many of these types of situations.  
Title: Re: Lending money.
Post by: Cheapskate on May 08 07 03:09
Give 'em 10 bucks and a lottery ticket.
Title: Re: Lending money.
Post by: Lil Me on May 08 07 04:22
You could give it as a gift.  Or, if you think the person would feel bad about accepting it, but you know they really need it- give it anonymously.  Mr LM and I have done that.  You can deposit it into their bank account or slip an envelope full of cash into their home- whatever works.  
Title: Re: Lending money.
Post by: P.C. on May 08 07 04:50
LOL cheapskate.  

  Yes weird al.  It's under the premise that the money is borrowed as a loan.  And there are always good intentions that the money will be repaid.
Title: Re: Lending money.
Post by: i wish on May 09 07 10:11
it all depends.  i lent thousands of dollars ($6000 accumulated) to friends that swore they would pay me back.  he quit his job and the other went on a vacation.  one never thanked me.  and said racist things.  the other was only thankful but didn't pay me back because i helped him with his assault case by taking photos of his broken jaw.  

  now, i heard about a professor giving a student $100 because the student came to him for help.  what a nice jester.  

  but if they claim to pay you back and not pay you back that's two faced.  
Title: Re: Lending money.
Post by: P.C. on May 09 07 11:18
You'd think he would have paid you back double for helping him with his court case.
Title: Re: Lending money.
Post by: kitten on May 12 07 08:11
I have to question the use of the word "friend", P.C.  A real friend would put you at the top of the list of people to repay.  Do you not think that asking this friend to sign a promissory note with monthly dates for repayment would be a good idea?  If it would cost a friendship then perhaps it wasn't a real friendship to begin with.
Title: Re: Lending money.
Post by: i wish on May 13 07 01:25
very good point.  if i didn't load money to my friends, they would probably still be my friends.  ironic.