Myusernamewastaken

Is the outstanding job done through his own company? If that is the case I guess it shouldn't be too hard to find a company that is buying the invoice against immediate payment of most the the invoice's worth.

Patsy Stoned

No... definitely don't do it darling. If he is that desperate for the money then he can sell the car and the other stuff to raise it. He sees you as an easy touch..it will end in tears.
Just explain to him that this money is for your house deposit and you just can't risk it. If he is a true friend he will understand, if not he will snub you... then you will know what sort of a friend he is.

commander

No. Don't be soft.

OriginalSunshine

what she says

Myusernamewastaken

+1

BTW, I assume that you have been speaking with him about it over the phone? There are scams going around where hacked facebook accounts etc are used.

kittycat1

Thank you for all the advice guys, appreciate it loads.

I have spoken to him and we have found a comfortable ground that helps him and is pretty risk free for me, I don't want to go into the details but it's a solid solution, which guarantees I will get the money back.

Just to make it clear I have asked on here as I know other people have been put in a similar situation and I wanted general feedback as to whether people lend this kind of money (to anyone)or not, It's not that I don't trust him, but lending such a large amount of money takes me way out of my comfort zone and I would be nervous loaning such an amount to anyone.

NorthernLad

Look at it from another angle, you moved out here, have found it difficult at times but put up with it. Worked hard, all for a deposit for a house.

Are you going to risk losing all of that?

Kix

Can you lend me a tenner....

Millhouse

Never lend money.

Oh, and a contract etc. means nothing when dealing with a friend/ family. You'd never enforce your rights anyway, so no point in wasting the effort drawing it up.

Bahtatboy

Try telling that to Ethos.

Round-Bum

Glad you've resolved this, hopefully it'll work out well for both parties

We once lent a very good friend around £3.5K, knowing that he was desperate for it and would pay it back. He took on two extra part time jobs to be able to pay it off and pay it off he did.

Problem was, it came back in bits and bobs. £25/£50 one week, £100 a few weeks later... in the end, very little of it went back into the savings we worked so hard for and was, instead, lost into the abyss of day to day spending.

I wouldn't change things - he needed help and we were able to offer it - but, although we didn't actually lose money (excepting interest), it felt as though we did.

Outside close family there are maybe three people I would trust enough to do this for.

Millhouse

How interesting. There is actually only one person I would lend money to (my best friend whom I trust entirely). My family immediate ... not a chance.

claimsboys

Kix, can you split that and lend me a fiver?

scrubbedexpat141

You don't enjoy it here that much by you stick it out so you can save for a deposit for a house, for you, for your hard work, for your future.

You're being very selfish not lending the money and risking chucking it all away.

Round-Bum

Well, OK, close family is a little different. My mother and my two kids I wouldn't really expect to see repaid (although I know my mum would want to and the kids would make a half hearted effort. For a while ), so more a gift. As they'd only ask if they were really desperate, I don't mind that and would adjust my own finances accordingly (without leaving myself in the mire, obviously). Brother and sister would definitely do their utmost to pay me back.