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Old 04-18-2006, 02:11 PM   #51
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Old 04-18-2006, 02:12 PM   #52
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If you would not mind not having the extra 2k for yourself and if family matters to you like it does to me. Agree to loan it to him and just say you have been a good uncle or whatever and sure here is the money pay me back when you can.
If time passes and you never get any payments or he shrugs it off wait for a holiday and dismiss the debt.

You can earn more money but its pretty hard to earn a relative.
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Old 04-18-2006, 02:14 PM   #53
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Just loan him the money if u have extra
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Old 04-18-2006, 02:20 PM   #54
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Quote:
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You can earn more money but its pretty hard to earn a relative.
Once again, awesome post ASM. Well said.
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Old 04-18-2006, 02:33 PM   #55
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If you are saying that you are very close to your uncle, then lend it to him for sure! You never know where are you going to end up yourself in the nearest future - you might be asking him for a money, who knows! Plus he is a part of your family
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Old 04-18-2006, 02:44 PM   #56
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just give it to him
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Old 04-18-2006, 02:47 PM   #57
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Like other people said lend it planning to never get it back. If he actualy pays you back its like a bonus
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Old 04-18-2006, 02:47 PM   #58
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Quote:
Originally Posted by bdjuf
He says that business has been slow the past month and that he needs it and will pay me back, no interest, wheneve business picks up...

I am very close with my uncle, however something in my gut tells me that I do not want to get in this situation...

He recently got married, bought a house and started his own business, and today he called me for some money, and I told him I would get back to him.

He is 28 years old.

What would you do?
Tell him "No", and that you dont mix family or friends with business. Tell him that if he wants to borrow money, to ask a bank, because that's what they are for.
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Old 04-18-2006, 02:52 PM   #59
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Give it as a gift and don't expect it back.

exactly.. only way to go. When you loan money to friends and family consider
it 'lost'. Otheriwise it wil lbe a reallllyy expensive loan for you.
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Old 04-18-2006, 02:53 PM   #60
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If hes close a family member I wouldn't think twice about it. Loan it, and if he repays consider it a bonus
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Old 04-18-2006, 02:59 PM   #61
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Never EVER EVER loan family or friends money. Period.

If you want to help him out, make it a gift.
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Old 04-18-2006, 03:03 PM   #62
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I wouldn't let him borrow it, even if it is a small amount I can easily afford because I am tired of people who borrow money and don't pay back after a long time because they think you have money to spare or they think because it's ok because they are your friend.

EVEN IF IT IS only $5 it shows UTTER DISRESPECT. And then they say shit like "oh it's not like I'm never gonna pay you back, you know I will", bullshit like that.

It doesn't matter that I don't NEED the money, it shows they don't respect me and think they can do whatever the fuck they want because they are taking advantage of our friendship.

So now I don't let anyone borrow money from now on, friends or family. It is just not my problem and not my fault other people's lifes are a mess. As long as their not starving or on the streets I'm sure they can manage. If it's not a life or death situation I let people figure it out for themselves. I worked hard for my money, why should I help others when no one helped me?

People always say "friends are more important than money" , well if that were the case then my friends woud not procrastinate so much and take years to pay back a small amount of money, it shows too much stupidity.

Most my family is well off so they wouldn't need to borrow money, it's mainly friends that don't have their shit together.

Last edited by rants; 04-18-2006 at 03:05 PM..
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Old 04-18-2006, 03:12 PM   #63
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Tell him the taxman took all your dollas.
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Old 04-18-2006, 03:26 PM   #64
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I would let him borrow the 2K. He is family. If its cool and it works out he will pay you back and always be willing to help you out in the future. If it doesnt and he does not pay you back. Well he will still owe you a favor and you never let him borrow money again.

Good point. Plus if you are close like you said and CAN AFFORD IT then Yes do it. If you can't count on family then who can you? Just make sure you won't miss the $ just incase he can't keep his end up. And if he can't then you know not to go down that street again with him. Sometimes we have to help eachother out. I know I would like a family member to help me if needed and vice versa. Keep in mind it may not have been the easiest thing for him to ask either.
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Old 04-18-2006, 03:45 PM   #65
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do it only if you had the extra money. then if it comes back it is great and if not you won't be affected a lot by it.
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Old 04-18-2006, 03:50 PM   #66
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Originally Posted by bdjuf
He says that business has been slow the past month and that he needs it and will pay me back, no interest, wheneve business picks up...

I am very close with my uncle, however something in my gut tells me that I do not want to get in this situation...

He recently got married, bought a house and started his own business, and today he called me for some money, and I told him I would get back to him.

He is 28 years old.

What would you do?

you may be better off giving him the 2 g's and not expecting him to pay it back, could eliminate drama.....
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Old 04-18-2006, 04:41 PM   #67
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give me 2k and ill email you in 2 days with a solution to your problem.
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Old 04-18-2006, 04:56 PM   #68
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He says he'll pay you back whenever business picks up, there is your answer right there. Marriage + Home + New Business, despite what over people have posted, is a very high risk combo. No reason to pass that risk on to someone else. If he really needs the money bad, thats what pawn shops were made for.
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Old 04-18-2006, 05:29 PM   #69
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Is his wife your aunt by blood or marriage and if by marriage .... is she cute?

LOL - this IS gfy - you kinda had to expect *someone* to ask!
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Old 04-18-2006, 06:51 PM   #70
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Old 04-18-2006, 06:54 PM   #71
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If you like the guy, write him a check and say it wont happen again, but dont worry about paying it back.
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Old 04-18-2006, 06:55 PM   #72
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He says he'll pay you back whenever business picks up, there is your answer right there. Marriage + Home + New Business, despite what over people have posted, is a very high risk combo. No reason to pass that risk on to someone else. If he really needs the money bad, thats what pawn shops were made for.

Marriage is what makes that combo explosive
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Old 04-18-2006, 06:58 PM   #73
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loan an amount of money that's okay for you to lose. always anticipate that you won't be paid back. besides, he's a family.
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Old 04-19-2006, 01:56 PM   #74
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If I were so good with him, I would loan him!
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Old 04-19-2006, 01:57 PM   #75
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If I were so good with him I would loan him!
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Old 04-19-2006, 01:59 PM   #76
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If I had 2k, and it`s about my uncle...I would do it!
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Old 04-19-2006, 02:00 PM   #77
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But ask him to repay u!
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Old 04-19-2006, 02:21 PM   #78
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give it as a gift. never do business with friends or families. it always fucks up.
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Old 04-19-2006, 02:23 PM   #79
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Quote:
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He says that business has been slow the past month and that he needs it and will pay me back, no interest, wheneve business picks up...

I am very close with my uncle, however something in my gut tells me that I do not want to get in this situation...

He recently got married, bought a house and started his own business, and today he called me for some money, and I told him I would get back to him.

He is 28 years old.

What would you do?
I would stop the inbreeding in your family.

I know your brother married your sister and became your uncle. That explains the tiny age gap.
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Old 04-19-2006, 02:27 PM   #80
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Give it as a gift and don't expect it back.
what he said. he is your family member and 2k is not a million.
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Old 04-19-2006, 02:28 PM   #81
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Sounds too familiar. I loaned my brother in law 10K to start his business (custom iron gates) and never saw it again. After 3 month he closed the shop and has yet to talk to me about paying me back. Its been almost 3 years now.
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Old 04-19-2006, 02:38 PM   #82
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don't mix family and business, family will fuck you every chance they get.
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Old 04-19-2006, 02:41 PM   #83
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I once loaned my uncle 950 gulden (420 $) for a speed ticket, i was 19 years old. At this moment he has a debt of 9000 euro, always more excuses, almost lost his house but i kept helping him. More promises

I know i never see my money anymore and not willing to help him anymore.
Tell your uncle to GO FUCK HIMSELF.
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Old 04-19-2006, 02:45 PM   #84
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NEVER lend money to family and/or friends. It will ruin relationships and what you have done for one you'll be expected to do for all.
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Old 04-19-2006, 02:47 PM   #85
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I would stop the inbreeding in your family.

I know your brother married your sister and became your uncle. That explains the tiny age gap.
Uhm no... that would make him his brother in law
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Old 04-19-2006, 03:04 PM   #86
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Turn the situation around, if you were needing money and you know your uncle could afford to 'lend' it to you - would he?

I would, mostly because my uncles have always been good to me and *IF* they'd ever need anything from me, I wouldn't even think twice and would be there in a split second. Also, I know that *if* I was ever in the same situation, they would do the same. However, we keep our word - if you say you'll pay it by this day, you'll pay it by then or advise of other arrangements prior - not disappear into the twilight zone.
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Old 04-19-2006, 03:20 PM   #87
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Marriage + Home + New Business
Sounds like your uncle may have a little more on his plate than he can handle. If you give $2k, do it as a gift. It could very well be the bit of money he needs to tie things over and get everything back in order. But if he asks for more money some time later, you know it's just going to be a money pit.
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