A secure personal loan?

fadetogrey

Deleted_User wrote: »

Interesting. Is there a prepaid card you can get? And is it accepted worldwide?

and when you put it in the slot provided is the number 0 0 0 0000000000!!;)

zazou

TonyMMM wrote: »

He can get her to sign a piece of paper, stating how much he is lending to her, how she is to repay him and when, and any interest to be charged.

Then when they split and she doesn't pay, he can take her to the small calims court ..... but if she has spent the money, and has no other assets he will be wasting his time. Being able to prove a loan was made, and getting the money paid back are two very diffferent things.

Best thing he can do is give her as much support as he can (non financially) whlist she sorts out the debt herself.

Thanks Tony.

KingElvis

Someone deep into and living out of an overdraft is far from finacially responsible.

If he trusts her, just get a loan and pay it off for her, it will all end in tears though I reckon.

zazou

Sorry if I rubbed some of you the wrong way.

Please see it from my point of view. A friend asks me how he can trust lending his gf money somewhat securely.

Should I pass all the moral judgement from here to him?

opinions4u

zazou wrote: »

Sorry if I rubbed some of you the wrong way.

Please see it from my point of view. A friend asks me how he can trust lending his gf money somewhat securely.

Should I pass all the moral judgement from here to him?

There is no moral judgement.

There's a couple of quips about sex and money, if you don't like them you just ignore them.

Then there are a range of answers that tell you it's not a very good idea.

If you're going to lend a partner money, that's fine. It's a matter for the two individuals involved. But if the relationship breaks down there is little that you can do to recover it. So you make the loan accepting you may lose your money in those circumstances.

18 years ago I lent Mrs o4u £400 to get her out of a borrowing facility that was costing her £8 a month plus interest. I've never seen a penny of it back, but we're married with numerous children lumbering around the house these days. It was something i did because saving £96 a year seemed sensible from the joint finances perspective (even though we had no joint connection at the time). She's also never borrowed from an overdraft, card or personal loan since - so I suppose that has saved the family £thousands in the long run.

If the relationship had failed I would have asked for the money back, but I wouldn't have expected to see it.

Your friend, if he chooses to lend, needs to do so understanding this.

dealer_wins

zutou wrote: »

it is reasonable , but it that happen i think it will be much embarrassed !
i think it don't lend it the money f it is possible !:o

What the f is that all about. Are you writing posts whilst blindfolded or something?

_Andy_

zazou wrote: »

Sorry if I rubbed some of you the wrong way.

Ooh matron!