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27 January 2016, 07:13 AM | #1 |
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Loans
An old friend who I haven't seen in many years reached out to me about 6-months ago and asked if he could talk to me (the wonder of Facebook).
In short, he needed a loan. I figure I was an easy person to ask to avoid asking someone in our circle of friends locally. I now live in a different city. I wired the funds and he needed a bit more so i sent another sum. It's not a huge sum of money. Nonetheless, I believe in people keeping their promises. Therefore, I allowed him to set the payback date. The date, December 15 came and went so I followed up with my account details. He became hugely belligerent about how I lack compassion and how if I was a real friend I'd understand he's going through a hard time. Left him alone during holidays. Even sent gifts to his kids (didn't get a thank you either). Let it go for about another month and just followed up with him. He told me to f*** off. What would you do? Sent from my iPhone using Tapatalk Last edited by Old Expat Beast; 27 January 2016 at 09:17 AM.. |
27 January 2016, 07:16 AM | #2 |
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Chalk it up to charity and move on.
In the long haul, it's probably the cheapest way to find out the true nature of your "friend."
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27 January 2016, 07:18 AM | #3 |
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I would send a certified letter from my lawyer and say see you in small claims court.
I also wouldn't loan money to friends that I would ever expect to get back. If I did get it back that would be an added bonus. I also wouldn't loan any money to a "friend" who I haven't seen or heard from in years. I hope you get your money back but it sounds like this guy is a Dbag. |
27 January 2016, 07:20 AM | #4 | |
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Agreed Loaning money to friends, is a good way to get less friends and less money. In my opinion you should have written it off the day you decided to give it to him.
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27 January 2016, 07:21 AM | #5 |
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Sorry to hear of this. If I were in your situation, I'd hope for the best, but expect the worst. Based on the reactions you're now getting from him, you should consider your money unrecoverable.
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27 January 2016, 07:23 AM | #6 |
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Write it off as a lesson learned... and as a lost friend.
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27 January 2016, 07:27 AM | #7 |
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Yeah it's long gone. Sorry you were too kind to say no. Don't make repeat steps.
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27 January 2016, 07:28 AM | #8 |
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My dad used to say" If you want to get rid of somebody, lend them money!"....I'm sorry about your situation. Write it off as charity, and hopefully you helped his kids out with the money that was lent. Look at it like that...
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27 January 2016, 07:29 AM | #9 |
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Eh for the amount of money you loaned him he's out of your life forever. Take the loss and move on.
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27 January 2016, 07:29 AM | #10 |
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It was gone the day you lent it.
A lender not a borrower be. |
27 January 2016, 07:37 AM | #11 |
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That's exactly why I don't loan money. Like others have said, chalk it up to lesson learned.
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27 January 2016, 07:40 AM | #12 |
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Write it off and move on. Lesson learned.
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27 January 2016, 07:52 AM | #13 |
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Watch "A Bronx Tale"
Taking a small loss in some cases are worth it. With people like that, there will be a day that they need even more help. You come out ahead here. |
27 January 2016, 07:59 AM | #14 |
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How much money are we talking about?
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27 January 2016, 08:05 AM | #15 |
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Both Holly and I have been in this situation, live and learn. Sorry about the lost funds, the school of hard knocks can be a hard teacher but her lessons are usually burned into your memory for ever.
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27 January 2016, 08:09 AM | #16 |
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Post it up to his friends on Facebook, anytime you out someone on social media it may help the next victim.
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27 January 2016, 08:09 AM | #17 |
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Here it is.
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27 January 2016, 08:14 AM | #18 | |
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Doesn't sound like a very good friend to me. You could cave his skull in, but that would put you in a bind. I'd just chalk it up to a loss and move on. Maybe if you two cross paths, have a stern talk... |
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27 January 2016, 08:27 AM | #19 |
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Walk away. Not an ideal situation but with the follow up reaction you got the only thing that will happen next is escalation. Money to friends is always a dangerous game.
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27 January 2016, 08:29 AM | #20 |
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I was always taught, if you lend money to friends and family, do it being prepared that you will never see it. Do it like your giving not lending, this way when you do get it back, it's a bonus and if not your mind and soul are at ease.
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27 January 2016, 08:36 AM | #21 |
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Unless you have a promissory note, you're SOL. Chalk it up to experience.
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27 January 2016, 08:40 AM | #22 | |
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If you weren't quoting him I apologize!
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27 January 2016, 08:49 AM | #23 |
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I guess I go against the grain. Screw charity. This guy knew it was a loan, knew he had to pay it back, and even determined the pay back date. He had no intentions from the start to pay it back. It was a calculated move from the beginning. Have your lawyer send him your intentions.
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27 January 2016, 08:56 AM | #24 | |
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I understand the instinct to grind this guy a little, but there are clear issue here and only the OP knows the real deal. Is it worth the aggravation or not, 9 times out of 10 I would say no, but if there are details we aren't privy to and the OP wants to act on them he's totally within his rights. Only he can know that, and only he can act. A lawyer will solve very little here IMHO, but I do like the idea of a face to face meeting. The borrower needs to feel a little uncomfortable perhaps?
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27 January 2016, 09:09 AM | #25 |
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hey Moose, Rocko, help the judge find his checkbook....
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27 January 2016, 09:57 AM | #26 |
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If you lend money to friends or family, you do so with the understanding that it may never come back.
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27 January 2016, 10:01 AM | #27 |
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live and learn, write it off!
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27 January 2016, 10:31 AM | #28 |
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I had a very good buddy ask for money.
During college years we were inseparable. The best of friends. He turned to drugs and I turned to hard work and responsibility. He asked me for money. I gave him $1,500. He asked for another thousand a few weeks later. I told him no. The $1,500 was not a loan. It was a gift. But I would not go further than that. He understood and thanked me. Personally, I would mostly me upset with how he responded. Instead of being humble and apologetic, he was rude and obnoxious. I'd send a note and tell him: "no worries, keep the money. Best of luck to you, but don't ever reach out again". At least this way, you get closure on your terms. Either way, the money is not coming back. You might as well end it your way.
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27 January 2016, 10:41 AM | #29 |
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Sorry you've had a (former) friend let you down. No good deed goes unpunished.
dP
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27 January 2016, 12:44 PM | #30 | |
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Write it off and let karma give him his dues. If you want to get it out of your system, out him on facebook just to be annoying and move on. |
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