Lending money to friends & family

kezzy85

harryhound wrote: »

Please can we have the ages of the male and female involved (& the dad's age if you want).
.

my friends 27 the guys 41 and the dad is 76? 70s anyway not sure exactly they been mates for 4years and the guy went to her wedding and his dad sent a card and a cheque for £500 to her and her hubby they all got on well and now this!

me__3-2

hello everyone,

i'm living in a shared house and me with other house mates got a broadband connection insatlled on my name. So as to avoid hesitation I asked everyoe to pay me in advance so i dont have to be after them every month. After some time one of the housmate left the house and started askin me for the money of the broadband back. But on telling him that it would take some time he made a complaint aginst me in the uni and I recived a phone call from the security services in the uni to come and have a chaat with them.

Though it may sound a bit vague but just wanted to ask is there anything that the police or the uni may do against me?

Thx n hope for a quick reply

harryhound

Welcome to shared property at University.
Presumably you are the sensible one that is acting as "the banker" - don't expect to be loved for the work you are doing. The concept of interest/rent, being the time value of using someone else's money, seems a strange concept to some people, who otherwise obviously have lots of brains

If someone chooses to leave there should be an agreed arrangement. I remember being in your situation when a member of the four person household decided (for reasons of following their heart ) to leave a month before the tenancy was due to end, naturally the other three of us told the landlord to take his last month's rent out of the deposit and pay back the remaining 3/4rs to those of us that stayed the course.
Still remember the bitter discussion about how unfair this was:(:(:(:(:(

So in your case the person jumping ship has to give agreed notice to the rest of you.
If you have gone and spent the broadband money in advance for some other purpose that is your problem. I would sue you in the small claims court if I could prove it and the money involved made it possible.
I very much doubt the "Old Bill" would want to waste public funds sorting out such a situation if it is an isolated incident - it is a bit like a group of Saturday night drunks being unable to pay the curry restaurant bill...
At some traditional universities you don't get your degree certificate if you try to leave debts hanging about the town - and quite right too.

Mark_Janet

Hello,
I am ready for lending money but i need in writing means you don't have any agreement. My request is first you prove it.

Thanks,.
Mark

grahdenn66

actually i think u guys did a foolish job because u have to keep any documents but its true that as they were your best friends u believed them.in this case you better take help from lawyear or at least consult with them

tony_the_typer

I had a similar experience with my ex girlfriend

calebdylan

nowadays many are doing this be careful on money handling ....... don't get involved in problems like this ................

calebdylan

its not advisable to lend money to your friends are even relatives without any document are written paper............

harryhound

Just get them to sign an undated cheque for the return of the money.
If this gives them a problem, they obviously cannot be trusted so you don't lend them the money.
QED

sugarplum87_2

Hi, first time on here actually posting but I am a bit of a lurker!
I would like some help regarding a situation my partner is in.

* he has a house on the market (for about a year) with his ex girlfriend, who has only recently started paying the full mortgage (on interest only... it took a while to get her to that situation)

* when buying the house both sets of parents gave money to my partner and his ex girlfriend which at the time were considered gifts towards getting them set up with their first house. His parents still consider it a gift. - His parents kitted out the house with most of the furniture totalling to more than a few thousand pounds. His girlfriend still lives in the house using the furniture and his parents have no problem with that since it was a gift

HOWEVER!

My partners ex girlfriends father now considers the several thousand pounds given to the couple (through his daughters bank account which was put towards the deposit of the house) as a loan now since they have now broken up, but at the time it was given as a gift and in good grace

*there is no written record that this gift was a loan and didn't go through my partners bank account.

* now my partners ex girlfriend is refusing to settle on an offer on the house until she gets her fathers money back. :mad:

*the father in law has put in a county court claim for the money.

my questions are

with no proof of a loan
and not going into my partners bank account
and his parents putting equal amounts of money into the house (but in furniture)

what options does my partner have?

Does he dispute the claim through solicitors or can he resolve this without unnecessary cost?