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Old 04-30-2017, 12:26 PM
 
Location: Arizona
13,233 posts, read 7,290,839 times
Reputation: 10087

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A friend of my wife and I who I met at work some years ago he always getting let go from jobs, and has a tough time finding work wants to borrow $5000 he is about lose his car and behind on his rent. He has other family he can go to I'm against it because I know he won't be able to pay it back.
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Old 04-30-2017, 12:30 PM
 
1,190 posts, read 1,026,093 times
Reputation: 1034
Quote:
Originally Posted by kell490 View Post
A friend of my wife and I who I met at work some years ago he always getting let go from jobs, and has a tough time finding work wants to borrow $5000 he is about lose his car and behind on his rent. He has other family he can go to I'm against it because I know he won't be able to pay it back.
Absolutely not in that circumstance

Last edited by NancyDrew1; 04-30-2017 at 01:43 PM..
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Old 04-30-2017, 12:30 PM
 
Location: 🇬🇧 In jolly old London! 🇬🇧
15,675 posts, read 11,520,276 times
Reputation: 12549
Quote:
Originally Posted by kell490 View Post
A friend of my wife and I who I met at work some years ago he always getting let go from jobs, and has a tough time finding work wants to borrow $5000 he is about lose his car and behind on his rent. He has other family he can go to I'm against it because I know he won't be able to pay it back.
Does your wife want to give him the bread?
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Old 04-30-2017, 12:34 PM
 
Location: State of Transition
102,191 posts, read 107,809,412 times
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You meet some guy at work, and a few years later, he's hitting you up for thousands of dollars? Somebody has a lot of nerve. Was there something that lead him to believe you two were best buddies?
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Old 04-30-2017, 12:38 PM
 
Location: Canada
6,141 posts, read 3,370,586 times
Reputation: 5790
I think the very old rule of thumb regarding lending any money to a friend or family holds true especially today!!

Never lend money to relative or family and EXPECT it to be repaid. In fact never lend anything to anyone within these parameters you cannot AFFORD to lose!! That way, you don't put those relationships at risk!

In my past I always said it was a loan but in reality in my head it really was a gift. I never counted on it being either repaid or returned.
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Old 04-30-2017, 12:39 PM
 
Location: State of Transition
102,191 posts, read 107,809,412 times
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The problem with bailing someone out like that is that they'll hit you up again for the next crisis. You'll be established in their mind as the go-to guy. I think it's safe to assume this would not be a one-time thing.
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Old 04-30-2017, 12:44 PM
 
1,659 posts, read 1,255,702 times
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Quote:
Originally Posted by Ruth4Truth View Post
The problem with bailing someone out like that is that they'll hit you up again for the next crisis. You'll be established in their mind as the go-to guy. I think it's safe to assume this would not be a one-time thing.
Exactly this. ^^^
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Old 04-30-2017, 12:44 PM
 
Location: Canada
631 posts, read 398,722 times
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Only if you're fabulously wealthy and can afford to "gift" the $5,000. Otherwise don't ever expect to see a dime of it again.

I can't believe the nerve of some people!
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Old 04-30-2017, 12:45 PM
 
Location: 🇬🇧 In jolly old London! 🇬🇧
15,675 posts, read 11,520,276 times
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Quote:
Originally Posted by Ruth4Truth View Post
The problem with bailing someone out like that is that they'll hit you up again for the next crisis. You'll be established in their mind as the go-to guy. I think it's safe to assume this would not be a one-time thing.
Quote:
Originally Posted by Gretchen963 View Post
Exactly this. ^^^
Yes very true!!
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Old 04-30-2017, 12:46 PM
 
Location: United States
953 posts, read 842,526 times
Reputation: 2832
Quote:
Originally Posted by kell490 View Post
A friend of my wife and I who I met at work some years ago he always getting let go from jobs, and has a tough time finding work wants to borrow $5000 he is about lose his car and behind on his rent. He has other family he can go to I'm against it because I know he won't be able to pay it back.
In the interest of fairness, I want to give this question some thoughtful consideration.

The thinking part and the consideration have now been concluded ... not now, not next year or any other time.
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