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Thread: Have you ever loaned money to a friend?

  1. #21
    rosephase
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    Quote Originally Posted by j.man [Register to see the link]
    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.

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  3. #22
    mustlovedogs
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    Quote Originally Posted by rosephase [Register to see the link]
    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.

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  5. #23
    j.man
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    Quote Originally Posted by rosephase [Register to see the link]
    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.

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  7. #24
    Hollyj
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    I guess the OP does not appreciate the advice.

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  9. #25
    agent
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    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.

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  11. #26
    force
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    Hmm...maybe I am a loan shark. I've made some killer money though! Thanks for all the advice. It will all be taken into consideration.

  12. #27
    Ms Darcy
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    Quote Originally Posted by force [Register to see the link]
    Hmm...maybe I 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.

  13. #28
    mustlovedogs
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    Quote Originally Posted by force [Register to see the link]
    Hmm...maybe I 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?

  14. #29
    force
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    Haha. I love it Ms. Darcy. Gotta love the JC!

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  16. #30
    j.man
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    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.

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