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Lending some money to an acquitance
Comments
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I would suggest reading up about making a court claim for money ...
https://www.gov.uk/make-court-claim-for-money
It does work (I've used it twice) but it isn't guaranteed.
It is worth familiarising yourself with the information that would be needed to complete the claim (plus the fees) and think to yourself if it all went wrong, would you have sufficient information to back up a claim (including current address details)?
PS - I'm still not advocating lending the money174 BPM >> CC Balance (0%) -£3,565.99 - Target DFD Dec 2017 >> Loan (Car) (3.1%) -£19,803.74 - Target DFD Nov 20200 -
OP,
Everyone has been so negative....
What I suggest is that you lend your good friend the money and say no more about it... to anyone... wait for the ying, or possibly yang to kick in and sow the benefit of random acts of kindness that abound on all aspects of our lives....
Yours, the father of the Marshalsea
I give my opinion on it.
I've been burnt before and not doing that again.
If I'm asked they will get a quick No from me.
Of course we don't know what the relationship is like between the OP and the acquaintance nor do we know the amount involved, all we know the acquaintance is reliable to pay said money back.0 -
No.
The only people I ever consider lending to, are very close family: ds, dd and adult grandchildren. That's it. Currently, a gd is paying me a no-interest loan off via a monthly Standing order to my account. When my son's old car that he has been nursing along for years, finally gives up the ghost, I will do the same for him.
I was caring for my dad when he was dying of cancer, in the late 80's. I was absolutely shocked when he told me about a humungous sum that he had loaned my surviving brother. Dad asked me not to mention it and said that there was something stitched into his old jacket for me. When he passed, I was to have it and say nothing to anyone. Apparently he had given up trying to get the money back, but this coloured my attitude to my brother, with whom I never did have good relations. What was in the jacket, gave me a deposit on a house.
Even if your friend was a very close mate, don't do this. Either way, your friendship will be tested. If you refuse politely and he either reacts angrily or cuts you dead afterwards, that is no friend to have. If you lend him the money and you never see it (or him) again, same applies.I think this job really needs
a much bigger hammer.
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It's simples - avoid trouble. Do you have a 'consumer credit license' OP?
You shouldn't be lending anything without one. Think of it another way
You wouldn't exactly be helping illegal lending being stopped.0 -
From Hamlet - Scene III
".... Neither a borrower nor a lender be ...."0 -
This is wrong, and is only muddying the waters.Deleted%20User wrote: »It's simples - avoid trouble. Do you have a 'consumer credit license' OP?
You shouldn't be lending anything without one. Think of it another way
You wouldn't exactly be helping illegal lending being stopped.
You do NOT need a consumer credit license to lend money."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
I wish that the OP would tell us their next move?Savings as of April 2023 Savings account - £26460.50(14474.88)Current account - £2140.24(4576.79)Total - £28600.74(19051.67) £1010 (£65pm CS/BS) £250 CS/BS/JS0
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You're forgetting the first rule of posting on MSE:zippygeorgeandben wrote: »I wish that the OP would tell us their next move?
"If you don't get the answers you want to hear, don't post on the thread again.""Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
Thats not nice the OPs in talks with me to give me some money to keep, oops i mean lend me some money and only pay it back if they can catch me.
Had my fingers burnt for the grand sum of £40, although it wasnt supposed to be a loan. They were going to purchase something i was after. They knew someone selling the item. Not item or money turned up. They moved and never seen again. Luckily it was only £40.Censorship Reigns Supreme in Troll City...0 -
Can I ask you a question ?
Would you lend a friend some money say £2000 ?
What would stop the friend from stopping paying you and just disappear ?
Acquaintance no, but some friends I would even knowing the risk. I know they are relatively sensible, so if after 20+ years of friendship they felt the need to ask then I probably would.
I'd probably want them to explore some other options first, but i could see the sense if it meant staying away from high interest lenders. £2k would hurt if lost, but wouldn't but me or family in a hole which would be key.
On second point, nothing, potentially pride and slight protection of my judgement of their character.0
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