General Chat

"Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry. " (Polonius in 'Hamlet' by Shakespeare )

I was watching the one show last night and it featured a lady who had sent money to a man she met on the internet, followed another case that was on my local news recently. Not quite the same scale or circumstances of course, but do you ever loan to friends?

Have you ended a friendship because you didn't get the money back or did you write it off as a price to pay to keep the friendship? Would you ever ask a friend to lend you money or if they offered to would you be a prompt payer lol.

Or if you take a loan out from an official source, bank etc do you consider it as important to pay it back as you would to a friend? ( thinking here of those schemes where your debts are written off, would that sit well with you? or do you believe a debt has to be paid regardless of how long it might take?) .

i dont owe anybody anything
i pride myself on the fact

i think people who dont pay their friends back
dont deserve their friends at all

If my friend were in need Id give them my last penny. I'd never see anyone I care about suffer if I could help.

I've been offered loans off friends in the past but managed to cope without having to take them up on it...I'd only really do that as a last resort and it goes without saying the second I could pay them back I would.

What annoys me is when I've seen folk borrow money from friends...yet still go on holiday/nights out....before they pay it back.........makes me mad that does....priorities all wrong there I think.

I always pay back my debts and pay my way....not honouring a debt is not in my nature whoever I borrowed it from x

Joy my best friend offered me some cash just before one of my house moves just to help tide me over and pay costs etc, and I did borrow it, but as soon as the sale money hit my account it was back in hers as she knew it would be, (and I would have known she would do the same in reverse situation) .

i would never borrow money of friends

if ever iv neeeded money that bad mam has always helped, "i pay her back "

i have on the odd occation mend friends money, if we have planned a night out n they dnt get paid till after,

but i would NEVER, borrow money of a friend and NOT pay it back thats down right DISHONET and disgusting, and shows they wernt real friends in the first place :-|

i know rose you are the sort of person to honor your debts
shame some otheres are not more like you

i am so disapointed to hear when friends let their mates down


stray always pays us back if she has to borrow off me or her dad

I have to admit I do occasionally borrow at the bank of Mum and Dad lol...but I always pay it back asap x

thats because you were brought up right muffy

Well a few years back Joy we got ourselves into terrible problems with credit card debt.........which we DID manage to pay off but as a consequence I have a real deep rooted fear of using them so Dad said if ever I'm short of something then he'd lend it to me interest free rather than walk down that route again.

I try not to do it too often ...but it's usually bleeding cars that are my downfall when they go wrong !!! x

I borrow at the 'bank of Dan' lol, he would rather I did and paid the interest to him than to the bank :-D

i always have what i can my stash
rainey day money always have done
thats what parents do

so i dont class parents helping their kids out as a debt really

you have learnt your lesson muffy thats important part of growning up

I have cc debt Muffy, it's very hard going lol, mine came from renovating the house and was all essentials that cost more than I hoped like the roof and electrics. but at least it is a home that has cost rather than un-necessary 'luxuries' :-D

Yeah it's horrible isn't it......i hated it and wish i could say we did ours through necessity...but we didn't...we were just daft....but never again.

Now I bend over backwards to live within our means...i just get caught out every now and again lol x

i think the last few years has taught me
things are less important than people and their feelings

credit card debt is the worse, iv had it twice, first time dad bailed me out " i was young n stupid BUT did pay him back" the secod time i was just very stupid, but sorted it by getting the intrest froze,
but lesson learn and i will never ever have a CC ever again,

if i need somthing i save up, in my credit union.
if its smthing little i ask the old folk,

the credit union, which is a fab way to save they do very very low intreest loans, so rather than draw out your svaings you can get a loan against ya savings, so if do struggle to pay it bak ya can just transfer the amount owed over from your saved money :-D :-D

I am old school on this subject,

I have only ever taken out a mortgage and never any other kind of load,
I think when credit is readily available it's a bad thing because when you have never had to (go without) then you generally don't appreciate what you have when it has not been earned,

If i want a new car then my old one has to last until i have saved enough to pay for it,

When you borrow today then that new car that cost 20k ends up costing up to 35k by the time you have payed it off, that extra 15k is better in my bank than in the hands of the finance company.

I have loaned money to family and friends and been stung in the past so i never lend to anyone now, but i do give advice and other help where i can to both family and friends.

And for all those economists and politicians out their who NEVER saw the credit crunch coming i say shame on you, I said in 2000 that all this credit and so called remortgages that was wrapped up as taking the equity out of your home, should be banned because most people don't understand that they where selling their homes and would then have to buy them back at the higher value and so the credit crunch was born, and for anyone who thinks this was the fault of our American cousins think again they the USA was only doing the same as every one else and with it being a global market their are global consequences.

And i left school at 15 with no qualification

Roy

well said porkie pie

Can't argue with that, credit became so easy to get, i took my main card out when I was earning well..but long after, when I was looking after mum and not working they continued to up my limits year on year.

Ditto with the housing you could get a mortgage 3+ times your income just before the crash of 1990 ish, I know the people that bought our house back then were almost immediately in negative equity by 30k. You would think that would have made people cautious in buying property but up the prices went again and that previous crash was forgotten.

To answer your question........yes have just told a very old friend that we donot want their friendship any more, him and his wife were having money troubles ( job seekers allowance ) so we lent them £50, now l know its not much and yes we could easily write it off but it was last May when we lent it and they haven't contacted us since not even offer to pay us a £1 a week back so l texted them to say we'd had enough and its a shame they have thrown away 40 years of friendship for the sake of £50, well blow me down his reply was........we were greedy to ask for the money back as we didn't really need it !!!
I have never borrowed money, if we haven't got it we donot have it, end of.

The worst thing about this and the credit crunch is that in the last 12 months i have had several phone calls where they are trying to sell me credit to settle my debts,
Debts pluse more debt = bigger Debt

I think Gordon Brown must have given them my number.

If life was so simple we would all be millionaire's

Signed, Roy
man who owns out rite his own house plus one more thats rented out and who has money in the bank and all because i refused to take credit and save before i buy

Happy day's