In this situation you don't even need a written contract, an implicit contract was formed verbally.
lending friends & family money. i call those "forever loans"
Like Sonny told C in A Bronx Tale:
Was he a good friend? If not, you just got rid of him for over a grand.
You'll never have to worry about him bothering you again ....
Like Sonny told C in A Bronx Tale:
Was he a good friend? If not, you just got rid of him for over a grand.
You'll never have to worry about him bothering you again ....
I got a friend of mine that I lent about $120 dollars. This was last year and he still hasn't paid me back. At 1st I was upset but then when I heard he was paying child support on his 3 children and then he has his current g/f pregnant I was like, "well I won't worry about it anymore'. But the funny thing is he called me last week and said he got some money coming in and when it gets here he was going to pay me back what he owe plus interest. I just said alright and I'm gonna see if he comes thru with it.
Lesson here: if a friend asks you for money, be prepared to give or say no, NOT "LEND"yea its awkward and never pans out
one of my boys is hurtin right now, and i empathize with him, but he keeps actin scary over $100. im like dog your 30 years old and cant generate 100 fukking dollars over the course of a few months?
my only outstanding debt when i went to close on my crib was an old phone bill i put in my name that was for a friend. he never told me he stiffed them, luckily the rest of my credit was cool so it didnt affect anything.
I mean, I'm gonna hold him to his word. I told him not worry about the interest and just pay me when he can, but of course he insisted so I'll see. I never hounded him or anything for the money. I didn't even know he had a different number until I tried to call him and wish him a happy birthday. But it's cool because whether he pays me or not we're still gonna be cool.The nice thing to do would be to tell him not to worry about paying any kind of interest.
I have one friend whos always borrowing money he always pays me back but if you bring it up to him before he does he gets all sensitive about it and the worst part about it is it will be for some stupid shyt like where at the bar and hes already blown through his money and hell be like yo i need some money i want to buy this girl a shot and i'm gonna need money for the taxi ride home.