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I know right off the bat you fags will say "You should never loan money to friends..." but let's put it into context...about two years ago one of my best friends was having custody issues with his ex over his son....she is a meth junkie, he is a hard working guy that doesn't make tons of money but gets by...I dont make tons of cash either but have always kept a good nest egg for "just in case" situations, I told him I'd give him an open ended loan of $1500 to start the custody battle process, that he could payback over time in any way possible without putting him or his family in a financial bind. (He won in the courts and has full custodyof his son since)...over the two years he managed to pay $300 on it which was fine...those were the terms. This year around tax season and Biden bucks I estimated he raked in around $10,000....he talked about clearing all his debts, to which I said...."Clear up all your bills, and whatever your family needs before closing the debt with me...family first..." Well yesterday I got on Faceberg as I do when I'm hungover and being lazy to see my friend has bought him a nice new motorcycle.....Initially I became pissed, and remain pissed (More offended, or hurt...but pissed!) Thoughts? Am I being a bitch about it?

I know right off the bat you fags will say "You should never loan money to friends..." but let's put it into context...about two years ago one of my best friends was having custody issues with his ex over his son....she is a meth junkie, he is a hard working guy that doesn't make tons of money but gets by...I dont make tons of cash either but have always kept a good nest egg for "just in case" situations, I told him I'd give him an open ended loan of $1500 to start the custody battle process, that he could payback over time in any way possible without putting him or his family in a financial bind. (He won in the courts and has full custodyof his son since)...over the two years he managed to pay $300 on it which was fine...those were the terms. This year around tax season and Biden bucks I estimated he raked in around $10,000....he talked about clearing all his debts, to which I said...."Clear up all your bills, and whatever your family needs before closing the debt with me...family first..." Well yesterday I got on Faceberg as I do when I'm hungover and being lazy to see my friend has bought him a nice new motorcycle.....Initially I became pissed, and remain pissed (More offended, or hurt...but pissed!) Thoughts? Am I being a bitch about it?

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[–] • 2 pts (edited )

This is the best answer. People are all saying "you give money, don't loan it" much of this is probably the christian revival thing "jews do it so it must be bad". It doesn't follow. [Edit- This is like a leftist saying "it's an unplanned donation".]

A gift was not the arrangement you made, it was an interest free loan in a time of crisis. Milky Meat OyVey has the best answer, try to work out a payment plan. $100/month isn't bad, and he can pay it off in a year.

You're not being a bitch, it goes back to the highschool days when you'd lend someone $5 and ask for it back and they'd say "it's only $5 bro"... Yeah, well, if it's only $5, it shouldn't bee too difficult to pay back now should it?

If he doesn't pay you back or gets angry that you're asking for a payment plan then you've found out that he wasn't as good a friend as you thought.

At this point, just make sure that whatever you ask for it's concrete like "$75/month until it' payed off" not "pay me something monthly".

[–] [deleted] • 0 pt

I had a guy tell me to get a job when I asked him to repay me. I've never had the chance to put the screws to him properly. I'm thinking something involving his spine.

[–] • 0 pt

I had a guy tell me to get a job when I asked him to repay me

oof.... He's lucky if his teeth weren't loosened.

[–] [deleted] • 0 pt

It was a small debt. Even at the time. Not really worth it at the time. Now nothing is worth it, so hitting the guy repeatedly with a hammer just seems like a decent use of time.