Facebook share
LinkedIn share
Google plus share
Twitter plus share
Give Advice
Ask For Advice
Page 3 of 6 FirstFirst 123456 LastLast
Results 21 to 30 of 55

Thread: Have you ever loaned money to a friend?

  1. #21
    Platinum Member rosephase's Avatar
    Join Date
    Nov 2007
    Location
    San Francisco
    Posts
    4,169
    Gender
    Female
    Originally Posted by j.man
    Sounds like it's all gain for her, actually. I can't imagine a friendship having any value to someone if they could look at their friend in debt only to ask themselves how they can make a penny off it.

    I'm seriously about to laugh the hardest I have in awhile if she's collecting on a 10% periodic interest rate and calling herself a friend. It's obvious she's not contemplating her friendship over a $4 missed interest payment.
    I might be doing my math wrong butI believe her payment each month is $80. Not $4.

    Which just makes what the OP is doing grosser.

  2. #22
    Platinum Member mustlovedogs's Avatar
    Join Date
    Feb 2016
    Posts
    2,990
    Originally Posted by rosephase
    I might be doing my math wrong butI believe her payment each month is $80. Not $4.

    Which just makes what the OP is doing grosser.
    I assume it's not 10% per month but rather per annum, so it would be 10%/12 per month.

  3. #23
    Platinum Member j.man's Avatar
    Join Date
    Jul 2008
    Posts
    8,982
    Originally Posted by rosephase
    I might be doing my math wrong butI believe her payment each month is $80. Not $4.

    Which just makes what the OP is doing grosser.
    Yeah, badly worded it but that was the point I was trying to make, that it's definitely not the ~$4 periodic interest it would be if it were a 10% annual rate. In complete agreement, though.

  4. #24
    Platinum Member
    Join Date
    Dec 2007
    Posts
    15,104
    I guess the OP does not appreciate the advice.

  5.  

  6. #25
    Super Moderator agent's Avatar
    Join Date
    Apr 2006
    Location
    England
    Age
    35
    Posts
    10,476
    Gender
    Female
    The thing is, you didn't loan your friend money. You bought her loan off someone else and didn't tell her, which is a really creepy way to behave towards a friend. I don't think you should be using friend in this post - you obviously just want to use her to make some money off.

  7. #26
    Silver Member force's Avatar
    Join Date
    Nov 2008
    Posts
    369
    Gender
    Female
    Hmm...maybe am a loan shark. I've made some killer money though! Thanks for all the advice. It will all be taken into consideration.

  8. #27
    Platinum Member Ms Darcy's Avatar
    Join Date
    Jan 2009
    Location
    United States
    Age
    36
    Posts
    31,741
    Gender
    Female
    Originally Posted by force
    Hmm...maybe am a loan shark. I've made some killer money though! Thanks for all the advice. It will all be taken into consideration.
    I'm surprised you are doing this loan shark stuff. I thought, given your days with N'Sync, you would be set for life financially.

  9. #28
    Platinum Member mustlovedogs's Avatar
    Join Date
    Feb 2016
    Posts
    2,990
    Originally Posted by force
    Hmm...maybe am a loan shark. I've made some killer money though! Thanks for all the advice. It will all be taken into consideration.
    You've made killer money, so what's one month of a business loss? For a friend?

  10. #29
    Silver Member force's Avatar
    Join Date
    Nov 2008
    Posts
    369
    Gender
    Female
    Haha. I love it Ms. Darcy. Gotta love the JC!

  11. #30
    Platinum Member j.man's Avatar
    Join Date
    Jul 2008
    Posts
    8,982
    What's hilarious is a few hundred bucks is "killer money."

    Made a few thousand last week alone with a winning stock trade. No ****ing over of my friends necessary.

    You'll win big, I'm sure. You can get anything you want off the dollar menu.

Page 3 of 6 FirstFirst 123456 LastLast
Give Advice
Ask For Advice

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •