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The Moz

Best friend wants to borrow 10K

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is his wife/girlfriend hot?

 

I assume he is single though

 

actually his wife is pretty focking hot!! ( Messican Hottie )

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actually his wife is pretty focking hot!! ( Messican Hottie )

 

Mexican hottie's are the hottest. God I love them. :wub:

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Tough one but yeah you can't give him any money, tell him it's tied in college funds. Also get friends who are not financially irresponsible

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Fock ... I hate this situation. He has been my best friend pretty much the last 10 years and recently he had a loan called on him. A few years ago he borrowed 40K from his Brother inlaw ( he gave it to him becasue he was being forclosed on ) - at the time he was also helping his brother in law - getting him a job, letting him stay at his home for alomst a year , food , etc. Bascially he took care of the guy . his wife and his two kids for over 8 months. Recently his brother in law is asking him for 10K of it becasue his Kid needs to go to the hospital ( his BIL was a total idiot and opted out of health insurance when he recent got his job to have extra money ). Now My friend is scrambling all around trying to come up with 10K by next Friday. He asked me but all the money I have is either in my Kids college funds or tied up in investments. Right now I have about 25K in my kids college fund that is liquid becasue - My parents just "donated" to them as a combined birthday present - I have another 20 invested ).

 

Question - Would you use 10K from that fund to bail your best friend out of a jam? - when you know he SUCKS with money and it's only 50/50 he actually would pay you back anytime soon. he would mean to and he is promising every which way that he will take out a loan and get it all to me in a few months - I know he believes this - Though knowing him as long as I have I know there will be an excuse waiting when a few months pass. Right now I am thinking abut just saying all my money is tied up an try and let him down easy - as IMO right now all this can do is wreck our friendship and me be out 10K.

 

thoughts :thumbsup:

Don't do it. People like that will never learn to manage their money if everyone keeps bailing them out. You will lose 10 grand, and your buddy will just continue his ways with or without you.

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WTF? So he has had to borrow 60K from either friends or family? Is he on crack(literally) or something? Obviously the guy needs to get it together. Jebus, 40K?!?!? Who the fock has 40K just to essential give to people, who the fock does that?

 

Yeah, say you don't have the $$$, i mean, it's focking 10K, it's not exactly chump change and unless your loaded or something, i am sure he'll understand.

 

I thought me lending my best friend 120 bucks last summer and now a total of 100 bucks this summer was a lot. I let my brother borrow a grand once. 10 K?!?! Dude, that is crazy, maybe because i am 19 and that is a fockload of money to me....

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WTF? So he has had to borrow 60K from either friends or family? Is he on crack(literally) or something? Obviously the guy needs to get it together. Jebus, 40K?!?!? Who the fock has 40K just to essential give to people, who the fock does that?

 

Yeah, say you don't have the $$$, i mean, it's focking 10K, it's not exactly chump change and unless your loaded or something, i am sure he'll understand.

 

I thought me lending my best friend 120 bucks last summer and now a total of 100 bucks this summer was a lot. I let my brother borrow a grand once. 10 K?!?! Dude, that is crazy, maybe because i am 19 and that is a fockload of money to me....

No kidding. That's not an amount you loan personally. If a wife or husband spent 10k on something without consulting the other, there would be SERIOUS problems. You don't give that kind of dough to someone. :huh:

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Truth is, your friend will be there for you more than your kids.

 

:huh:

 

This is some funny stuff.

 

wiffle cracks me up. :pointstosky:

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if someone is hitting you up for money that usually means the bank won't give it to them...and if the bank won't give it to them that should tell you a lot.

 

if your friendship is worth $10 k, give it to him. i doubt you see the money.

 

but there's no way on god's green earth i would ever ask my best friend for $10 k.

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If my friends needed 10K, I would give it to them and they would give it to me.

 

We aren't total dumbass money holes though.

 

 

 

If I remember the original post correctly, he would owe you 10K and someone else 30K. Just who do you think he would pay back first? You will be waiting on an unreliable person to pay back 30K before you get anything,

 

The answer is NO.

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10K is a ridiculous amount of money. I have two thoughts.

 

No way I give my hard-earned money to someone who has proven they're bad with money.

 

If you're rich enough that your biggest problem today is whether or not you let a loser friend borrow 10 thousand dollars, it's not a bad Thursday. :thumbsdown:

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Should the fact that this is your friend mean you ignore the fact that he's already 40K underwater on a prior loan that he hasn't paid back?

 

Not only that, this is for healthcare expenses, right? How do we know that this is the end of the healthcare bill? Maybe the kid needs some follow-up treatments, which means more borrowing from wherever and whoever.

 

Don't delude yourself here. He will never pay you back and will probably say just about anything to get the money.

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I ended up saying no. I told him not to bother my father for it either. What I did do is put him in otuch with some bankers we know that will try and help him get a loan even though the guy already has a huge HE loan on his house , and had sh!tty credit. Not certain if they can really help him or not but it was th best I could do - though this has potential not to end really well. I aske dthe guy NOT to offer a cosign as an option as I do NOT really want him to ask me. But the guy I talked to wouldn't be the person working with him one of his poele would be so I hope he relays that message.

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I ended up saying no. I told him not to bother my father for it either. What I did do is put him in otuch with some bankers we know that will try and help him get a loan even though the guy already has a huge HE loan on his house , and had sh!tty credit. Not certain if they can really help him or not but it was th best I could do - though this has potential not to end really well. I aske dthe guy NOT to offer a cosign as an option as I do NOT really want him to ask me. But the guy I talked to wouldn't be the person working with him one of his poele would be so I hope he relays that message.

 

you definitely don't want to cosign a loan. Being a co-signer from the bank's perspective just means that they have two people they can badger for the money instead of one. And it's not like you're taking responsibility for 50% of it; you're on the hook for 100% even if the two of you have an agreement that he'll pay it off himself. Then if you default, this stays on your credit history and it will look just as bad as your buddy's.

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Don't do it. People like that will never learn to manage their money if everyone keeps bailing them out. You will lose 10 grand, and your buddy will just continue his ways with or without you.

:thumbsup: It will actually hurt him in the long run if you bail him out. You become the enabler when you loan/give money to someone that has a problem with finances. He will never learn if someone always bails him out of a tough spot. The better friend will not loan someone money in a situation like this because that just keeps perpetrating the problem.

 

An example of what I mean. I had a very good friend of mine get into a lot of trouble several years ago. His parents were rich and bailed him out every time he got into trouble for years. It started off with some DUIs and progressed from their and each offense was worse than the one before. Finally, after so many offenses they could no longer bail him out with all their money. So he ended up going to prison when they couldn't buy his way out of it. If they would have made him own up to some of that smaller stuff early on, he wouldn't have got this mentality he had that he would always get out of it anyway and maybe he wouldn't have ended up with 3 years in a federal pen. They were enabling him all those years and he ended up paying big time for all that.

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Never loan money to friends or family.

 

If you do and want to stay friends never expect to see that money again.

 

 

I loaned $10k to my father in law this morning. :thumbsup:

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actually his wife is pretty focking hot!! ( Messican Hottie )

 

 

id give him $100 in single bills every week....make it rain on his salma hayek lookalike...

 

have his penelope cruz come over and take care of u 4 times a week and youll keep giving him 100 a week...(that still needs to be paid back)...

 

he will putting the 100 on black anyway....

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