British Expats

British Expats (https://britishexpats.com/forum/)
-   The Sand Pit (https://britishexpats.com/forum/sand-pit-116/)
-   -   Lending money? (https://britishexpats.com/forum/sand-pit-116/lending-money-784928/)

Blue Cat Jan 25th 2013 10:27 am

Re: Lending money?
 

Originally Posted by kittycat1 (Post 10503987)
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.

I hope it works out as my advise would also be not to do it.

Eva Jan 25th 2013 8:20 pm

Re: Lending money?
 
You have mixed friendship and business Kitty.

scot47 Jan 25th 2013 8:52 pm

Re: Lending money?
 
"Hey, buddy can you spare a dime ?"

A dime is okay but ten thou ?????????

Eva Jan 25th 2013 9:02 pm

Re: Lending money?
 

Originally Posted by kittycat1 (Post 10503987)
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.

I guess the general feedback is NO ,most people generally don't lend that amount of money.

It seems you are going against the trend.

scot47 Jan 25th 2013 9:30 pm

Re: Lending money?
 
When I was living in Bulgaria but working in the Middle East I had lots of requests for financial "help". I soon learned to say "NO !"

britexpat76 Jan 25th 2013 9:48 pm

Re: Lending money?
 

Originally Posted by Eva (Post 10506019)
I guess the general feedback is NO ,most people generally don't lend that amount of money.

It seems you are going against the trend.

Or having made her mind up before asking us.........

kittycat1 Jan 25th 2013 11:17 pm

Re: Lending money?
 
Britexpat,

no I have listened, basically I have agreed to lend him a lower value. What I hadn't made clear as didn't want to go into so much detail (but now feel my actions need a bit of explaining)is that he does some work on a seasonal basis for me to the agreed loan value so we have agreed that if he hasn't paid me back by a certain date I will keep his fee, so it's kind of guaranteed unless he dropped dead in which case his mother will settle it with me.

I have listened to what everyone has said and have discussed my concerns with him quite thoroughly and have taken on board the feedback. I have also made it clear he is never to ask me again.

britexpat76 Jan 25th 2013 11:23 pm

Re: Lending money?
 
Kitty, I truly hope it works out for you.

kittycat1 Jan 25th 2013 11:25 pm

Re: Lending money?
 
me to! If it helps I have threatened to get his kneecaps done if he lets me done- 50 quid a pop.

britexpat76 Jan 26th 2013 12:30 am

Re: Lending money?
 
£50 a pop? Can i have a £1000 quids worth here? Will pay flights too!!?


All times are GMT. The time now is 3:26 pm.

Powered by vBulletin: ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.