Debts to a friend

elsien

gra123 wrote: »

I've paid him £3,000 since Jan to get it down from 5k to 2k. I just can't handle another 2-3 months of giving him everything and not having a penny left to live on

Then don't. Bottom line seems to be that you both agree you owe him the money but he wants it quicker than you are able to pay.
There isn't any written agreement so he's unlikely to be taking it to court. And even in the unlikely event that he did, they'd probably come up with a payment plan that is less than you is paying now.
You however have been misleading him by telling him that you can afford more than you are able to pay. He may also be desperate for the money himself and have his own creditors to deal with, hence the pressure on you. Or he might just be thinking that you are messing him around and getting fed up with all your broken promises.


So you really have only one option - as a previously poster said, be honest and tell him that you can't afford to pay as much as you have been but carry on paying as much as you can afford at an agreed rate. Is it a big deal if he does go to your parents as threatened - if you forewarn them, then it's a bit of an empty threat on his part. Does this person know you already have financial difficulties and are dealing with stepchange? As if not he may be seeing you with money coming in but choosing to put your debt to him bottom of the list to pay.

luckbox

If you have been begging your parents for a few hundred here and there, yet are earning well over £1000 a month and they are aware that you work, I think the sooner you tell them the better. They are probably worried sick that all your money is going on some drug habit, but too scared to ask. They will probably be so relieved it is just on another debt to someone else.

I'd get this in the open asap and am pretty sure in this situation everything will feel a lot better all round. Then be assertive with your friend and get an arrangement agreed and stick to it.

bargainbetty

Work out what you can afford to pay your friend. Be honest with him, show him a statement of your accounts if you like, so he knows you aren't messing him about. Agree the payment and stick to it.

Let him know that you really appreciate him helping you out, and that you are paying him back as fast as you can, but the threats and harassment aren't helping your situation at all. Ask him to back off while the agreement is in place. If he physically threatens you, you are within your rights to contact the police. Owing him money doesn't give him a pass on legally questionable behaviour.

Accept that your friendship is probably gone. I'm sorry, but I wouldn't trust you if I was him, and I wouldn't trust him again if I were you.