Lending money?

Old Jan 25th 2013, 10:27 am
  #46  
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Default Re: Lending money?

Originally Posted by kittycat1 View Post
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.
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Old Jan 25th 2013, 8:20 pm
  #47  
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Default Re: Lending money?

You have mixed friendship and business Kitty.
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Old Jan 25th 2013, 8:52 pm
  #48  
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Default Re: Lending money?

"Hey, buddy can you spare a dime ?"

A dime is okay but ten thou ?????????
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Old Jan 25th 2013, 9:02 pm
  #49  
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Default Re: Lending money?

Originally Posted by kittycat1 View Post
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.
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Old Jan 25th 2013, 9:30 pm
  #50  
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Default 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 !"
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Old Jan 25th 2013, 9:48 pm
  #51  
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Default Re: Lending money?

Originally Posted by Eva View Post
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.........
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Old Jan 25th 2013, 11:17 pm
  #52  
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Default 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.
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Old Jan 25th 2013, 11:23 pm
  #53  
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Default Re: Lending money?

Kitty, I truly hope it works out for you.
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Old Jan 25th 2013, 11:25 pm
  #54  
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Default 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.
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Old Jan 26th 2013, 12:30 am
  #55  
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Default Re: Lending money?

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