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stupidly loaned money to friends now trouble re mortgaging
want2bmortgage3
Posts: 1,966 Forumite
as above, used some credit card balance to loan friends money, getting it paid back slowly and set up a re payment plan.
however, now i need a re mortgage they are looking at this debt and as its in my name and its affecting my re mortgage application!
moral of the post, dont lend significant amounts to friends?
however, now i need a re mortgage they are looking at this debt and as its in my name and its affecting my re mortgage application!
moral of the post, dont lend significant amounts to friends?
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nope.
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moral of the post, dont lend any amount to friendswant2bmortgage3 wrote: »moral of the post, dont lend significant amounts to friends?..0 -
Damn right. Sure we've all had at least one "friend" rip us off.Robert_Sterling wrote: »moral of the post, dont lend any amount to friends0 -
Ditto above, regardless of the troubles you are having with the re-mortgage, just don't lend money to friends (or family)....
Ok there are exceptions but on the whole, you've got to be prepared to lose the money and the friend / family member...A big believer in karma, you get what you give :A
If you find my posts useful, "pay it forward" and help someone else out, that's how places like MSE can be so successful.0 -
You borrowed money on a credit card to loan to a friend? Are you mad?"You were only supposed to blow the bl**dy doors off!!"0
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+1 on the above. I'm in the similiar situation. Lent money to a friend. Its been two years and nothing paid back despite asking on numerous occassions. Any ideas how to get it back?0
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No legitimate ones!Thinking critically since 1996....0
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Why lend the money and why on earth use some of the balance to do it,0
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+1 on the above. I'm in the similiar situation. Lent money to a friend. Its been two years and nothing paid back despite asking on numerous occassions. Any ideas how to get it back?
Hired goons? Lump hammer?
As above, no legitimate ways of coersion I can think of.Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
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Robert_Sterling wrote: »moral of the post, dont lend any amount to friends
My Granny said, "If you lend £10 to a friend and never see him again, it was worth it"...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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