Is this fraud?

saver861

Anthorn wrote: »

As there was no agreement on repayment at the time of the loan, in my view you can take your time paying it back.

If there was no agreement on a timescale then it is true the op can take as long as necessary to repay the loan. Not the best way to keep friends though!!

Anthorn wrote: »

Further, did they make it clear that the money was a loan which has to be repaid? If not the money was a gift.

If it was a gift then why has OP made any repayments? The OP said s/he was happy to pay the lender back, so that would seem a clear cut loan agreement.

Must admit, with your approach, I hope none of your friends loan you money!!

bengal-stripe

saver861 wrote: »

Must admit, with your approach, I hope none of your friends loan you money!!

Well, with his mercenary approach, 'Anthorn' won't have any friends at all.

DCFC79

OP can you increase what you pay more towards the debt to get it paid off quicker ?

OP how did your friend come to know your DOB ?

Anthorn

redpete wrote: »

Terrible way to treat a friend who helped in a crisis.

If there has been no agreement then that's the fault of the lender not the borrower.

m4rc

As others have said paying he minimum amount means just covering the interest, so really once you've paid them what you borrowed they will still owe the full amount, possibly a bit less if the card company make you pay back more than the interest each month. I can see you would be annoyed at them checking if you could get a credit card, but they are more annoyed that you are keeping them in debt and probably have no intention of paying it all back. Tell us please - do you intend to pay back the same as you borrowed, or will you be clearing the interest charges too?

Sorry to say but I, really not surprised they are not your friend anymore, they've probably realised they made a big mistake and don't want to get into any more trouble. You've left your friend with a debt and I'm making a good guess that you didn't realise that just paying back the initial loan is actually not paying back any of the debt, once you say you've paid up they will still be left owing what they paid out for you.

If you own anything of value - tv, smartphone, games console, computer etc - it would be a good idea to sell it and pay your friend back.

Your friend made two big mistakes: lending you money, and not having a written agreement in place as to how you would pay them back. I bet you were very grateful for their help when they paid out for you, but now seem to want to get them in trouble instead of taking responsibility for your actions.

Like many I suspect I felt sorry for you in the first post as I only heard a snippet of the story, now I feel sorry for your former friend and wish them well.