Asshat Foler
2024 FoH Asshat
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Either 1. Because he’s a grabbler and needs legal recourse if not repaid or 2. This entire thread is part of his larp.
Lending money to friends?
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Asshat Foler
2024 FoH Asshat
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I don’t even loan people things I own. Want to borrow my camera gear? Naw. Want to borrow my chainsaw? Naw, happy to cut that down tree for you though.
Life gets way easier when you don’t lend people anything other than your time. Unironically when you end up lending people your time it’s actually an investment in that relationship.
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Also if these are your personal friends why do you need a fucking app? Apps are stupid and retarded, you don’t need to bring some software faggot shit into this.
also again we all agree the answer is “don’t” any other option is lighting that shit on fire.
also again we all agree the answer is “don’t” any other option is lighting that shit on fire.
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Denamian
Night Janitor
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"Don't" is the obvious and expected response. I was just wondering if anyone had encountered an outlier outcome, perhaps using a feature native to one of the major payment apps that I'm not aware of.Denamian can shaw this if he wants.
Outside of the obvious don't answer (seriously, I have seen this type of situation destroy several friendships and family relations), I have personal experience in something like this working all of once.
In my early 20's I bought a car off a friend of my dad's. I was in desperate need of a more reliable car than the clunker I was driving, but I was making shit for money at the time. The guy was fine with me paying it off over the course of a year knowing that my dad would step in if I fucked up. His wife, however, was not. To satisfy her, we put together a promissory note with a payment schedule and the car as collateral. I paid it off in 10 months, partially thanks to him needing computer help from time to time.
Every other time I have seen someone loan money to a friend or family, it has at best put serious strain on the relationship. Don't do this unless you are prepared to lose those friends in addition to losing the money.
moonarchia
The Scientific Shitlord
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Don't is the correct answer. But if you are bound and determined to fuck whatever relationships you have up beyond repair, you are going to have to do it the old fashioned way, by getting a lawyer involved and getting a proper contract drawn up. Take collateral if you actually want your money back."Don't" is the obvious and expected response. I was just wondering if anyone had encountered an outlier outcome, perhaps using a feature native to one of the major payment apps that I'm not aware of.
Ishad
said it correctly, only give out money to friends and family if you are okay with never seeing it again.- 1
Lambourne
Ahn'Qiraj Raider
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Only did this once and I had a notarized loan agreement drawn up (also for tax reasons for both parties).
Don't use a fucking app, if the thought of having to read and sign paperwork and actually commit to stuff scares off the other person, well then you know why they're in debt and will be forever.
Don't use a fucking app, if the thought of having to read and sign paperwork and actually commit to stuff scares off the other person, well then you know why they're in debt and will be forever.
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Burren
Ahn'Qiraj Raider
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I would never loan money to someone who had no money and needed that sort of cash. I would - and have - loan money to friends who make 7 figures per year and are simply floating something between sales/income because I know they are financially responsible and can/will pay it back.
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I have done this twice for family. Both times I got a solicitor involved. Before I gave them the money, they had to agree to a repayment schedule and acknowledge that they owed me. The lawyer fees were minimal. The loans I gave were life changing. If they had not paid me back (they did) I had legal recourse to pursue it. I don't know that I would have, but it was still the right decision to involve a lawyer. And for more than one reason. It made the transaction "official." And it being official means the person being given the money knows the responsibility to pay it back is there. And the mere knowledge of debt owed is often all the catalyst that people need to make it happen.
The other side of this is that you should not lend a sum that debilitates you and your prospects.
The other side of this is that you should not lend a sum that debilitates you and your prospects.
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I suppose I should caveat my previous comments by saying my dad actually took his mortgage out from his father, because he wanted a non-standard structure and got a favorable rate. I don't know if they involved a lawyer but the whole thing was paid off in 5 years and no one mentioned it again, so I assume it all went fine.
I think the rules are a bit different if you're talking about nuclear family.
I think the rules are a bit different if you're talking about nuclear family.
Drinsic
privileged excrementlord
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OU Ariakas
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