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okenobi
Spends far too much time on here
Joined: Thu Apr 23, 2009 6:59 pm
Posts: 4932
Location: Sestriere, Piemonte, Italia
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Bratty, please, please, please, don't do it.
I did it before, with somebody that I trusted WITH MY LIFE. Still took me 2.5yrs to get it back and paid untold interest over that period.
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| Sat Jan 08, 2011 9:16 am |
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brataccas
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 9:14 pm
Posts: 5664
Location: Scotland
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ok, because of the posts in this thread I now wont go ahead with it  _________________
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| Sat Jan 08, 2011 10:11 am |
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JJW009
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 6:58 pm
Posts: 8767
Location: behind the sofa
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There's probably a legal route he can take to get the interest stopped and repayment time extended. That would be his best option. Otherwise, I think I'm quite a fan of P2P lending. The risk is lower because it's spread slightly. http://uk.zopa.com/_________________jonbwfc's law: "In any forum thread someone will, no matter what the subject, mention Firefly." When you're feeling too silly for x404, youRwired.net
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| Sat Jan 08, 2011 11:17 am |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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I suggested the legal route which might mean IVA or some other write off. In fact banks should accept such losses as normal considering how lax they were with loans in the past. I have looked at Zopa as well in the past, It might be better than lending to a friend who will treat it as a gift. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Sat Jan 08, 2011 12:26 pm |
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E. F. Benson
Doesn't have much of a life
Joined: Wed Sep 16, 2009 8:42 am
Posts: 798
Location: land of the free, Bexhill-on-Sea
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Shakespeare wrote
LORD POLONIUS:
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
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| Sat Jan 08, 2011 12:40 pm |
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Nick
Spends far too much time on here
Joined: Thu Apr 23, 2009 11:36 pm
Posts: 3527
Location: Portsmouth
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Roughly translated: Don't do it bratty!! _________________
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| Sat Jan 08, 2011 12:42 pm |
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okenobi
Spends far too much time on here
Joined: Thu Apr 23, 2009 6:59 pm
Posts: 4932
Location: Sestriere, Piemonte, Italia
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Couldn't remember it exactly, but a quote that is not only apt here, but incredibly insightful at all times.
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| Sat Jan 08, 2011 3:02 pm |
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jonlumb
Spends far too much time on here
Joined: Thu Apr 23, 2009 6:44 pm
Posts: 4141
Location: Exeter
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There's something of a problem with using this quote to endorse a point, in that Polonius was a complete imbecile in the play, and pretty much every bit of advice he gives out is wrong... I would agree with him on this particular subject mind
_________________
"The woman is a riddle inside a mystery wrapped in an enigma I've had sex with."
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| Sat Jan 08, 2011 3:24 pm |
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HeatherKay
Moderator
Joined: Thu Apr 23, 2009 6:13 pm
Posts: 7262
Location: Here, but not all there.
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I always hated the swats who paid attention in English Lit class.  _________________My Flickr | Snaptophobic BloggageHeather Kay: modelling details that matter. "Let my windows be open to receive new ideas but let me also be strong enough not to be blown away by them." - Mahatma Gandhi.
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| Sat Jan 08, 2011 3:36 pm |
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okenobi
Spends far too much time on here
Joined: Thu Apr 23, 2009 6:59 pm
Posts: 4932
Location: Sestriere, Piemonte, Italia
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That was me   Got an A* and loads of abuse from people who obviously felt the same way as you Heather!
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| Sat Jan 08, 2011 4:43 pm |
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HeatherKay
Moderator
Joined: Thu Apr 23, 2009 6:13 pm
Posts: 7262
Location: Here, but not all there.
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I'm old enough to get a O level C grade, and an abiding hatred of Thomas Hardy.  _________________My Flickr | Snaptophobic BloggageHeather Kay: modelling details that matter. "Let my windows be open to receive new ideas but let me also be strong enough not to be blown away by them." - Mahatma Gandhi.
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| Sat Jan 08, 2011 4:47 pm |
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ProfessorF
What's a life?
Joined: Thu Apr 23, 2009 7:56 pm
Posts: 12030
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So this is all well and good, but is bratty going to give me £500 to get the sub frame connectors and some welding done for my car, or what?
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| Sat Jan 08, 2011 5:40 pm |
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leeds_manc
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 8:19 pm
Posts: 5071
Location: Manchester
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As long as you promise to pay him back with some magical beans.
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| Sat Jan 08, 2011 9:54 pm |
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ProfessorF
What's a life?
Joined: Thu Apr 23, 2009 7:56 pm
Posts: 12030
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I can stretch to some shiny pebbles?
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| Sat Jan 08, 2011 11:16 pm |
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hifidelity2
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 1:03 pm
Posts: 5041
Location: London
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Basically if you did lend the money then assum its a gift - i.e. that you would not get it back.
I would only lend money to a coupe of very close mates and my immediate family and in all instances I would hope they would pay it back but mentally I would treat it as a gift.
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| Sun Jan 09, 2011 12:47 pm |
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