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Loan to a friend
Comments
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i have a different view - feel free to ignore it
you kindly - very kindly - offered your friend an interest free loan with repayments due starting in may
you should not be poking into your friend's affairs trying to see what they are doing with it. It is none of your business (no offence!). All that concerns you is are the repayments being made.
apologies if i have worded this insensitively.4 -
She's blown it and can't pay it back. She is hoping to find a means of making the repayments to you. Good luck.3
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I`d be interested to know if May1st has brought any resolution to this matter.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1
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Why did you advance the money in full before it was needed? It would make more sense for you to have provided it as it became needed.0
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Update: Lease was finally signed Aug 2021. I gave a payment holiday of 7 months and now there a regular monthly payments. I still continue to loan money to friends but only if previously loaned money has been paid back. I ask for a repayment plan before loaning. If they default on that, I don't lend anymore.7
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