Friend owes me money

paye

I'm sorry to say but the payment plan is complete nonsense.

What is she going to do with spending money, are you going to setup a payment plan for that also?

If someone can't afford something 3 times over then it's unaffordable, that's my motto anyway.

Just be upfront with her and ask her if she having second thoughts, if she is then remove her from the booking and pass on any cancellation charges over to her.

I've learnt from my mistakes by lending money to family and friends, and have decided to never lend any money to anyone again.

Hope you get it sorted so you can look forward to your holiday.

Les79

Jane6 wrote: »

@Les79 it was her idea to do a 40week payment plan. We live in Australia she’s paying me $40/week, she’ll earn quite a bit more than that as an hourly wage. The total of her cost is $1600, her weekly wage is $1900 before tax. ive asked her to pay it off sooner but she says she can’t afford this.

Fair enough.


Still a bit of a pathetic payment plan. If she paid 60 aud per week instead then it would be paid off before September. 1600 is a lot of money per week and if you get that much then what's an extra 20?


Sounds like she is mugging you off here like. But then again you did yourself no favours by not getting cash upfront (even a few $100 deposit!). If she can't pay an initial deposit, she can't go... etc.


I would be inclined to turn round and say "I need $1000 by 31st March or I'm changing the name of the 2nd person on the booking to another friend" But I'm a hard !!! when it comes to stuff like this I'll give her the benefit of the doubt and just assume she's just a tight !!!!, in which case you've got to turn the screw slightly to extract the money.


Bear in mind that an outstanding bill when you go on holiday has the potential to cause a bust-up. More so if you make any further concessions. It might be a rubbish holiday if you get what I mean...

suki1964

The minute you priced it up and told her the price, to which she replied she couldn't afford it, you should have let it drop

She told you she couldn't afford it, you booked it because you decided she could

Now if you want her to go so much, I think you need to pay for the both of you, seeing as it was you that went ahead and booked when she categorically told you she couldn't afford it

It doesnt matter what you think a friend earns, you are not privy to their outgoings and commitments

Jane6

@pollycat - I think I explained in the post that we agreed on a weekly payment at that point of booking her on the trip I was under the impression that she would have it paid of by September, and she would try saving up to pay it off sooner. since booking for her she’s said she can’t pay it until December. You’re correct I don’t have access to her finances but she earns $100,000 a year and hubby earns $80,000 a year, last year I earned $40,000 a year. She doesn’t have a mortgage or have kids, they don’t lead a lavish lifestyle. All I’m saying is I can afford my part of the trip on my income, look at how much more she’s earning. I feel 5 days to make a quick transfer is enough time. I didn’t know this was a UK site, but I did say in the post ‘it’s now Sunday night’. Now I’m simply asking how much longer should I give her to make the transfer before I cancel her half?

Jane6

@Les79 I’ve asked her to pay more and she said she can’t. As you say what’s an extra $20/week when you’re on her wage. I think I’m going to have to bite my tongue a fair bit to prevent any fights 😂
@suki1964 I didn’t book the holiday and assume she could come and pay. I booked it myself, she wanted to come, I enquired the price of her half and told her this. You’re right on second thoughts when she said she couldn’t afford it I should have let it drop. We agreed to do weekly payment and I booked her onto the trip. However, as you can see from my previous posts she originally agreed to have her half paid by September (when we go on holiday), even saying she could see if she could save more money and pay it off sooner. It was only when I added her to the booking and told her about this she said she could pay $40/week which would be paid off by December. Reluctantly I agreed, however, I’m having problems with her even making the first payment.

Jane6

@paye as far as I’m concerned she has to sort out her own spendings for the holiday. It’s full board so she only has to pay for alcohol, trips, souvenirs etc. I think I’ve learnt my lesson not to lend anyone money in future, and not to be so generous as to offer a weekly payment plan.

Les79

Jane6 wrote: »

Now I’m simply asking how much longer should I give her to make the transfer before I cancel her half?

Well, if you initially agreed to a payment plan method then the answer is "who knows".


You set a certain expectation of payment plans being acceptable. So being a hard !!! would be fairly cruel (despite being the best solution, at least INITIALLY). And the difference between 40 weekly payments and 27 weekly ones is about $20 a week.


There's something more to this story. Nobody on $100k a year struggles to afford this.


Finally, you state:

I didn’t know this was a UK site, but I did say in the post ‘it’s now Sunday night’.

That seems a bit weird. Living in AUS (enjoying your Monday morning?), not knowing that this is a UK site, but feeling the need to refer to the UK's timezones.


Sort of thinking you may be a troll.

Jane6

@Les79 I’ve asked her to pay more and she said she can’t. I’m not sure why she can’t afford it. On second thoughts I shouldn’t have offered a weekly payment plan, however, I did offer this but from my point of view she needs to start paying - I’ve told her this. I honestly didn’t know this was a UK site - it ends in .com not .co.uk so not overly obvious, I found this site through google, as far as I’m aware there’s no rules why I can’t post from Australia. Not sure what you mean by referring to Uk time zones, it’s monday in Australia, that makes it 5 days ago I gave her my bank details. Last night was Sunday night Australian time when I originally posted.

suki1964

Jane6 wrote: »

@Les79 I’ve asked her to pay more and she said she can’t. As you say what’s an extra $20/week when you’re on her wage. I think I’m going to have to bite my tongue a fair bit to prevent any fights 😂
@suki1964 I didn’t book the holiday and assume she could come and pay. I booked it myself, she wanted to come, I enquired the price of her half and told her this. You’re right on second thoughts when she said she couldn’t afford it I should have let it drop. We agreed to do weekly payment and I booked her onto the trip. However, as you can see from my previous posts she originally agreed to have her half paid by September (when we go on holiday), even saying she could see if she could save more money and pay it off sooner. It was only when I added her to the booking and told her about this she said she could pay $40/week which would be paid off by December. Reluctantly I agreed, however, I’m having problems with her even making the first payment.

You enquired the price, told her, she said she couldn't afford it, yet you went ahead and booked it after deciding she could make weekly repayments

YOU have got yourself in to this situation, no one else. She said I cant afford it, you pressed ahead because you want this trip with both of you and forced her to take on the weekly payment plan

I think its her biting her tongue, not you

It doesnt matter what she and her partner earns, you are not privy to her financial outgoings no matter what you think you know

Jane6

@suki1964 you’re misunderstanding, I booked her onto the trip with her permission - she had 3 days to think about it before she gave me an answer and I booked her on. She said she couldn’t afford the $1600 upfront which was why we agreed to do weekly payments - however, my mistake was not sorting out a proper payment plan at this stage. Just to make it clear I didn’t go ahead and book it, she agreed to come on the trip and pay me back weekly. At this stage I was under the impression it would be paid off in weekly instalments by September as this is what she’d said.
When I then confirmed with her on Wednesday she’d been added onto the booking this is when she backtracked and came up with the $40/week for 40weeks payment plan. I reluctantly accepted this, but now I’m having trouble getting her to make the first payment. I hope that makes more sense