Re:How Friendships Change Over Time (2015)
by michaelt on Thursday March 09, 2017 @09:04AM
(#13829283)
There's a reason giving nontrivial loans to friends is taboo.
I've only had a few friends come to me for $500+ loans. All had already hit their family up for as much money as they could, maxed out their credit cards and overdraft, and were behind on their rent. Needless to say, I didn't think they would pay me back - or that my money would fix their financial troubles.
Re:How Friendships Change Over Time (2015)
by pm90 on Thursday March 09, 2017 @11:06AM
(#13830178)
To be fair though, there is a difference b/w helping a friend in need of liquid capital (e.g down payment on a car) and lending money to a chronically financially irresponsible person.
I've only had a few friends come to me for $500+ loans. All had already hit their family up for as much money as they could, maxed out their credit cards and overdraft, and were behind on their rent. Needless to say, I didn't think they would pay me back - or that my money would fix their financial troubles.