Would you loan money to non immediate family?
I made a 6000 loan to a close family member 4 years ago with the stipulation it be paid back within 3 years. We're close now... still 1000 out there but apparently promises have been made to finish repaying of error the next year.
Now, a cousin has asked for about 1500. They got another 1000 from another source. It has something to do with back rent as I understand it. So... I'm very concerned about the ability to repay. It's not just that... it's also that family loans to me are a bad idea. I don't want something as stupid as cash to ruin Christmas or thanksgiving or whatever when I'd see this person. But more than anything else... it's the ability to repay that concerns me.
Is it wrong to say no? How does one handle a sticky situation like this? Would I be rude to say now isn't a good time for me to do this based on my own issues?

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

Josh Rock?

I would never load money to extended family.

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Don't do it. I've loaned money to family and it either took years to be repaid or in some cases they stopped talking to me and acted like I did something to them.

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Be well

GO BEARS!!!

I wouldn't do it. When I bought my house, my dad fronted me $3,000 for furniture, since I couldn't finance it with the pending mortgage/credit stuff. Only reason I felt comfortable doing this was I knew I had the $8k first time home buyer's refund coming within a few months, so I was able to pay him back as soon as I amended my TR.

Just tell the relative you had some unexpected expenses recently and can't afford the loan.

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-- source

Sometimes that's a good thing.

I loaned twenty bucks to a guy at the racetrack one time. He never even offered to pay me back even though I saw him almost everyday. He would go to other parts of the track instead of sitting with us. I was steaming about it for awhile until my friend Jerry who died said, "I thought you hated that guy?" I replied that I did. And he said, "Then you should be happy he isn't hanging around anymore. That's the best twenty bucks you ever spent."

I think there may be a similar scene in A Bronx Tale but this was well before that movie came out.

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Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

Never loan money to family you expect to get back. Don't tell them you don't expect it back but don't get mad if it doesn't get repaid but obviously they never get anything again.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Sounds like a White Sox sponsor.

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Sex isn't dirty, sex isn't a crime. It's a loving act between two or more consenting adults.

-Hank Kingsley

Sure.....

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Nope.

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@audioidkid

I still see the guy at an OTB once in awhile. He's a real scumbag.

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Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

I figured this thread was about a new Sox sponsor.

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leash has Furious on ignore.

Sickening.

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if it's only $1K, hit up some other family members to all pitch-in and pay the back rent directly to the landlord, with no attribution.

yeah, family/friend loans aren't a good idea. Unless it's a business venture or appreciating asset.

Start a GoFundMe page.

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Do not loan money to friends / family.

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Rick Hahn is the best GM in baseball.

i think the person has to be sick or dead first.

Lie.

"I need money for my prescriptions."

"My house was destroyed in the flood."

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"I'm going bankrupt because my pizza place does not serve gays".

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allahu akbar, forget the barter economy, apparently we're moving toward a begging economy.

Well said.

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Josh Rock that's a name from the past!

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"My Greek diner only appeals to older bald headed gentlemen."

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It's not Josh rock.
I really didn't want to get involved and this is this kind of thing that would lead to others thinking they have a line of credit at the National Bank of Darkside.

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

Family Loans sounds like what Comiskey will be called after Guaranteed Rate Field.

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They should call it Heath Ledger Family Loans Park!

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

This

Consider it a gift and be pleasantly surprised if you get if back should you loan it.

If you want to be savvy about it, have them sign a note and get some tax relief on it when they default.

You will not be getting money back from a person who has to borrow to make rent.

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

All 3 of my brothers ask me for loans. Usually anywhere from $500-$1,000. I know which one will pay me back without issue, but the other two are like pulling teeth to make payments back. It's a burden, but I try not to hold on to the resentment that long. I always think, "If something bad happens to me financially, I want to know they would help out as well."

What's crazy is I have a boss who has a serious gambling addiction, and spends the rest of his money on this chick he met up here. He has been asking for anything from $250-$1,000 the last 8 months. He pays me back, but he also let's me pick my shifts/hooks up hours in return.

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That explains the $20 check I got in the mail from JORR ...

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

Oops! I don't have him on ignore, but I don't read his posts.

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