Wanting to help him in debt but. 10 pts bst ans?
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Tia Michelle wants to know:
My friend is 20 yrs old and in debt. He owes his insurance for his truck a few hundred and the bank a few hundred. He always owes our mutual friend about $50 dollars. His dad is going to help him with the bank and insurance, I offered to pay back his friend and he can pay me back some other way. but the thing is…my friend has never actually paied me back for some money ive loaned to him. at first it didnt bother me..but i really want to help him because i care for him deeply. i also dont want to waste the money IVE worked for and not get anything back. for anyone who wants to know im 18. suggestions on how i can help with getting something in return? (i know not helping is an option but id like to see if theres anything else i can do first) btw yes he has a job..but not to great with saving money…
My friend is 20 yrs old and in debt. He owes his insurance for his truck a few hundred and the bank a few hundred. He always owes our mutual friend about $50 dollars. His dad is going to help him with the bank and insurance, I offered to pay back his friend and he can pay me back some other way. but the thing is…my friend has never actually paied me back for some money ive loaned to him. at first it didnt bother me..but i really want to help him because i care for him deeply. i also dont want to waste the money IVE worked for and not get anything back. for anyone who wants to know im 18. suggestions on how i can help with getting something in return? (i know not helping is an option but id like to see if theres anything else i can do first) btw yes he has a job..but not to great with saving money…
Filed under: True Credit
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you could have a bake sale or a garage sale or collect money dore to dore and say its for a friend u know use pitty brake out in tears
make your friend work for the money you can think of amusing or needing to be done stuff for him to do and then pay him the money!
when he gets paid you can ask him if you can be there when he cashes his check.
tell him you really want to help but you really want your money back
I think this would be a bad move on your part to lend him any more money, what makes you think he will pay you back this. It sounds like he is not a responsible person, and you are not helping him by lending him money. I’ll bet that when his debt were due, he spent his money on something else instead of taking care or his responsibility. Once I lend someone money, If I don’t get it back and if they ask again I always tell them, ‘you already owe me money and I can’t afford to make any more investments in you.”
this guy is irresponsible and has learned a bad message on borrowing money. He w ants it all without having to pay . this is just the beginning of a road badly paved. Small amount now but if he continues this path will be in the thousands
then he will just go bankrupt have bad credit rating and on and on and on.He isn’t alone by all means but he has to learn when you borrow you need to pay back just an honorable thing to do.Plain and simple. Once this gets out of hand is very difficult to recover some control.
You are a good caring friend but getting involved will just make it easier for him to go on being irresponsible when he is having people who care for him spend their hard earned money paying his debt.
If you are good at accounting,ask him to do his books for him ‘
allow money from his pay for some spending money,for the week, put aside moneys he needs to pay his bills paying a small amount weekly gets the bill down and paid off instead of no payment at all. Will be hard for him but it can be done teaching him a valuable lesson in the meantime Once he gets the hang of how to use his pay wisely and he wont have to borrow from anyone and have what he wants more efficiently.