Lending £10k, how much to pay me back?

Jackmydad

redux wrote: »

If the relative was to borrow at the best advertised loan rates, this would only cost them £6 or £7 a month more than the arrangement with you.

@1.5000% 214.78
@2.8525% 220.69
@3.2511% 222.45

That's about two cans of beer at home instead of in the pub

And why compare to Santander, when you can find 2.5 to 5% elsewhere for some of this?

@2.5% 219.14

Exactly. Far better to let the professionals give loans.
I don't lend money, or for that matter borrow it.
Seen lending money to friends or rellys turn to grief too many times.

Sea_Shell

Jackmydad wrote: »

Exactly. Far better to let the professionals give loans.
I don't lend money, or for that matter borrow it.
Seen lending money to friends or rellys turn to grief too many times.

If only we had a £ for every time we'd read about it all going Pete Tong, eh!!

Bravepants

A relative still owes my partner £15,000! Because he's family the borrower thinks he can just ignore it and continue to take the mick!

Kentish_Dave

gord115 wrote: »

There is absolutely no doubt I will get the money back. I just want to save someone some interest.

They are immortal, can’t be made unemployed, can’t marry, divorce, or get a crippling and expensive illness?

How can this be?