For small amounts, "never loan what you wouldn't give".
@lancerd49347 жыл бұрын
And for large amounts direct them to a bank and have the employees there explain what a "personal loan" is.
@1sonia7 жыл бұрын
Chris Gerow lol, that's what I've always followed myself.
@A2TRaNQuiLiiTy7 жыл бұрын
When a friend ask for money, the word "let me borrow" really means "let me have". If I give them money I don't expect it back. If I want the money back , I dont give them money.
@TzUuup7 жыл бұрын
Dave Everett all day bro. 1 loan. if its not payed back wether it be a 500 bucks or 20 bucks. if you dont pay me back dont ever ask and i have quite a few on that list
@jyrolys67 жыл бұрын
You have some shitty friends then. I recall forgetting lending money to a friend and he was the one to remind me about it.
@christopherbrewer24922 жыл бұрын
@@jyrolys6 bingo!!!! My exact thoughts!
@Wildheartbeats11 ай бұрын
I guess the amount he's talking about is not 50$ or 200$ but actually in 1000's or even a hundred thousand $
@Christopher-mn6re7 жыл бұрын
a LOT of friendships have ended over money. I've had people come to me with a sob story the kids need food I need gas I'll pay you back as soon as I get paid. if they are hurting for money now more than likely they are still gonna be hurting when they get paid. so I hear the same sob story week after week until I don't want to hear from them. just lose my number I don't care anymore. Now I'm hurting for money and I don't call anybody I don't ask for anything because that's not the kind of person I am.
@mantis83267 жыл бұрын
Leonard Shelby sounds like you really needed to let that one out
@dbsllama60427 жыл бұрын
Luis Davila yeah ur prob right
@FecalMatador7 жыл бұрын
If you loan money to a friend and they don't pay you back and have no intention of paying you back, they shouldn't be your friend
@carkid76407 жыл бұрын
Al Phuckya well no shit ?
@andymartinez43327 жыл бұрын
Al Phuckya I learn something new everyday
@FecalMatador7 жыл бұрын
Chris Coria I'm saying they shouldn't have been your friend to begin with. You don't know how to pick friends that have good morals
@ritshpatidar2 жыл бұрын
In my case it is my cousin 😐
@A_Goat7 жыл бұрын
"Oh I thought you were giving me $6,000 for free. What do you mean you want it back?" Lmfao.
@Kingboldisproductions7 жыл бұрын
Loans are given by banks. I am not a bank.
@hemagurunh97317 жыл бұрын
Joe Boldis mum and dad are banks though :)
@bojidarmartinov59497 жыл бұрын
Joe Boldis but you are dumb
@jyrolys67 жыл бұрын
Friends don't ask for an extra %. They just want their money back. Loaning a friend instead of a bank is a saving measure. And possibly some flexibility if things get rough. The bank would just suck you up dry and leave you on the street. A friend would give you time if you truly couldn't pay back.
@Kingboldisproductions7 жыл бұрын
I help friends with their finances if they let me but most people don't like being told how to spend their money. I am pretty damn great at saving money and living life as you can see on my channel.
@introidegumilang86036 ай бұрын
I agree with the above statement: Loans are given by banks (with it's terms and conditions).
@tonysoprano39317 жыл бұрын
'be neither a borrower or a lender'. if I remember that quote correctly.
@maebeacook2 жыл бұрын
Be the lender not the borrower.
@bicycles-as-far-as-im-aliv57252 жыл бұрын
@@maebeacook no be neither for peace of mind & to save ur sanity never be the lender
@yaboijuan40527 жыл бұрын
i loaned $200 dollars to a friend/ co-worker. its been 8 months and nothing yet. i learned my lesson ._.
@TheXNoLimiTatioNx7 жыл бұрын
Juan Herrera *I lost $200 dollars to a friend/ co-worker*
@saltydiarrhea3867 жыл бұрын
Humiliate them in public. The friendship is gone. Get your money back, even if it's a fraction at a time.
@Aragon7146 жыл бұрын
I lent 500 now im waiting for her outside of her new job to get my shit back. 2 months and hasnt paid me back.
@alinaciobotaru16986 жыл бұрын
Anthony Davis wow... that’s a huge amount of money.
@SuperPhysicsgeek2 жыл бұрын
take it as a price for filter
@agrammarnaziwhosalsoaregul73157 жыл бұрын
Why was this recommended to me? I don't have friends. ;-;
@tagaway61737 жыл бұрын
me neither. but actually the comments are more interesting.
@robertcollins53076 жыл бұрын
Lend money to a friend and the friendship will end :)
@dreamqueen3172 жыл бұрын
☹️
@LLHLMHfilms7 жыл бұрын
Better text example (assume I've leant him $3,000) "For my own record I leant you $9,000 to be paid back in full in three months" they'll probably respond, "No, it was only $3,000 and they confess
@saltydiarrhea3867 жыл бұрын
I don't loan money unless I can kick the person's ass without breaking a sweat. But seriously, get it in writing and talk about collateral when you do it. I have happily taken collateral and the person relieving their debt was equally as happy. But if the original contract is in writing it's a lot easier to kick their ass and not feel guilty about it. TL:DR; I don't loan money.
@TzUuup7 жыл бұрын
Salty Diarrhea what kind of collateral?
@abe62297 жыл бұрын
Salty Diarrhea I really like your username.
@saltydiarrhea3867 жыл бұрын
The type of collateral is up to you and the prospective party. I take into consideration what I have the money set aside for and if the person I'm lending to can offer that good, or service. I'll even throw out a wish list, "Got any..?" If I think the potential trade in collateral can make up for the cash debt, then the deal is more likely to occur. Finally, I'm not looking to cripple my finances at home just to help a friend. No means no when you need to say no. If the transaction could compromise a relationship, I tend to decline any offers.
@saltydiarrhea3867 жыл бұрын
Thanks man, we are what we eat!
@pauldavis81467 жыл бұрын
Never lend huge amounts of money. Any amount of money you loan to a friend has to be an amount you are okay with losing if they decide not to pay you back. If they don't pay you back, the plus side is you at least found out that person is not really a friend and you can end the friendship and not waste anymore time or money on them.
@magicworld32423 жыл бұрын
NEVER, Ever,Ever,Ever loan money to anybody. Period.
@hannahg.52683 жыл бұрын
I loaned my neighbor before. The wife told me that she would give it back as soon as she got her money. It took them one year before they were able to give the whole amount of money back. I learned my lesson.
@ThePeterDislikeShow4 жыл бұрын
NEVER loan money.
@emarine6 жыл бұрын
I've learned the hard way with my family... Sometime ago I had lent out 3,000 to my mother over the course of a few few months and she paid most of it back but was short 200... fine w/e a few years later I had just under 390 in pocket the computer I wanted to buy was about a bill and half more. When I had asked my mother if she could loan me 150 bucks and I even told her it would be easy for me to pay her back over 3 months. I would have had to cut out on the snacks but it would have been very doable but she started acting like I had asked for a million bucks.... My first WOW moment. Same issue with my father he's been taking his sweet time paying me back my kindness for my family cost me an i5 computer that had a quad core cpu and bult in wifi. Long short loaning to family or friends ruins friendships. Never loan people shit unless its in writing and and you can sue the fuck out of them.
@user-sy4mp8hq6i Жыл бұрын
BRUH, they are your parents. They probably spent more raising you😅
@TheBoomshine7 жыл бұрын
Moreover, if you are the person that is receiving the money, you should make the effort to ensure the transaction is documented and everything is understood, and not put that burden upon the person you are depending on. Common courtesy.
@maebeacook2 жыл бұрын
The point of this video is to help others understand "most" people do not have common courtesy with regard to paying someone back the money owed.
@jomolololo43987 жыл бұрын
lending money is hard even to friends ,cause you gona wait long for that money back and when you get it goes just as quickly , just lend to people with strong morale code
@9991249997 жыл бұрын
Just don't do it, people need to learn to say no
@7chanconn77 жыл бұрын
KZbin's recommending algorithm need work
@ErnisTheFirst7 жыл бұрын
Text messages have no legal power and are not binding. This suggestion of a text without a signature is ridiculous.
@donperrignon6 жыл бұрын
Here's what I've done in the past - I wrote my name and driver's license saying I'm lending $xx.00 amount to that person writing their name and expect to be paid back at xxtime. We signed it before a notary. If they'll do that, they're serious about paying you back or dumb.
@lancerd49347 жыл бұрын
If you want a record, just have them jot down an IOU at the time you hand over the cash. You don't have to call it a receipt or record or whatever if you think it sounds weird, but that's what it is. Personally though if I lend a friend or family member money, I just consider it a gift and if it gets paid back then that's a bonus. It's not worth destroying your relationships over a few bucks. Now obviously not everyone can afford to lose that money and a couple hundred bucks could be the difference between keeping the heat/lights on and freezing your ass through winter, but if that's your situation, you really can't afford to be lending out money; you should be the one asking for help under those circumstances.
@Dash99erOfficial7 жыл бұрын
Girls at my school don't give back mony, so what I did was go to the assistant principle, and told him if I lend someone money, they would have to pawn something of value or sign a paper saying "This paper I (Your name on a line) am signing states that I will pay back (My name) the () amount of money in 2 days and if I do not pay back in 2 days, I will be reported to the assistant principle. " 2 days being for the end of the week. One girl didn't take it so seriously. I paid her $3 for snacks for a football game we had on Monday. I went up to her on Wednesday, I'm like "Where's my money?" She said ,"I ain't payin' you back." I Went up to the assistant principle, the girl got called up there, and got a lunch detention each day she didn't pay me back. I got the money back.
@mantis83267 жыл бұрын
DASH89ER sounds lile a whole lot of trouble for nothing
@DrakeShattuck7 жыл бұрын
If you have a friend that annoys you and you want to get rid of him/her forever, loan them some money.
@blaow81407 жыл бұрын
I do not loan money unless it is a close family member or friend (we have to be friends for at least two years). That's rare, by the way. Other avenues have to be considered before the loan. Also, it depends on the amount. I always have a contract and the person signs their name and date. I give them plenty of time to pay me back, but if they don't, then I would take their ass to court.
@rkba49237 жыл бұрын
But what about not refuting an averment being acquiescence to the claim?
@DanielSilva-ld6gf7 жыл бұрын
I thought he was gonna say "just don't lend people money."
@lateblossom7 жыл бұрын
I liked this. That was good. I wish they had daily little clips like this to watch. I'd watch them all the time.
@TheDirtymikenation7 жыл бұрын
try to be a little sly with the text my dude, no one is gonna answer back to that lol
@lancerd49347 жыл бұрын
The trick is, they have to answer back _before_ you hand over the money, not afterwards.
@penguincommunity62187 жыл бұрын
Another thing to take advantage of in this electronic age is the comment line. For instance, if you are both customers of the same bank and you're electronically transferring the funds from your account to theirs, type "loan" in the comment line.
@snitox7 жыл бұрын
lol I used write mini contracts on a post it note and have my friend sign it.
@charlesmiller62817 жыл бұрын
People need a judge to tell them this? I'm no judge but I know, without any written agreement, its a gift.
@williambarnes50237 жыл бұрын
People don't need a judge to tell them this. This never happens by accident. One party is always the gullible fool, and the other is always the malicious cheat. The gullible fool won't learn even when a judge tells him, because he'll think "surely my friend wouldn't", and the malicious cheat wouldn't because then he doesn't get to run off with the money.
@jyrolys67 жыл бұрын
Judging from most other comments, people don't know what borrowing/lending/loaning means. Or are people just that childish that they would take advantage of others kindness, and ignore their side of the deal because there's no proof about the transaction?
@charlesmiller62817 жыл бұрын
Well its only kindness if its a gift. If its a loan then its business. And if you think its a loan when there's no proof of the transaction then its foolishness. That distinction right there is more than most can handle and explains I guess why we need a UTube judge to explain the difference between a loan and a gift.
@jyrolys67 жыл бұрын
When someone asks "Can I *borrow* x amount of cash?" you expect they return it. If someone asks "Can you *give* me x amount of cash?" you see it as he's asking for a gift. The kindness part is agreeing to help the person in need. Could just say no. It came as massive surprise that there's so many court cases over something so basic.
@mantralibre13672 жыл бұрын
It's a gift even with an agreement. Who would bring somebody to court for, say, 500 dollars? I don't know in the US, bit in the EU it would cost ten to twenty times more for ghe lawyer, plus you would probably never make it to court, and have to settle for almost nothing.
@johnott41493 жыл бұрын
Don’t loan money to family
@MrSkePticaL1237 жыл бұрын
send the message before you lend
@teebee61347 жыл бұрын
Just don't lend or give anyone money. People are quick to forget your generosity & will deny you lent them anything to avoid paying it back. Besides, if they don't have the money now, they never will so how can they pay you back?
@rudysalas91387 жыл бұрын
my sister lent me $1,000. i paid her back $700. im still trying to pay her back the other $300 and she refuses to accept it
@jordanrioscreations7 жыл бұрын
She must really think you need it.
@TheBoomshine7 жыл бұрын
I actually hate when people do this. Even if it were my sister, I'd insist she take it on the principal of agreement and fair business.
@willhaslem7 жыл бұрын
Something wrong with society that we need advice from a judge give our friends money.
@jacquelinemanzano93286 жыл бұрын
Very simply put. Words and promises evaporate, so put it in writing, because the pen is mightier than the sword. Best thing to do is do not loan and do not borrow. The only thing you should lend money to is the ATM/your Bank account.
@gwenjohnson86853 жыл бұрын
I owe a friend $500 needed to pay $560 in 2 weeks, Now I didn't paid it on the due date because of financial problems I had. She charged me $10 a day late fee. I ask her to pay her every week which I did paid the main loan off but tha late fee is keep on going even though Im paying her every week. So my late fees now is $1100. Is that even legal? I already paid her.
@FCox-cy2zq2 жыл бұрын
Just pay her....she was a friend. Do the right thing.
@armiebarr725 Жыл бұрын
Thanks for clarification to do!
@vivekrathore21622 жыл бұрын
You can use an app to keep records of loans you have given and taken, which usually sends reminders to people by itself.
@Dr.Sho_Minamimoto7 жыл бұрын
I remember I was in Rio with a group of students, for reference I was a 21 year old student manager of a group of 5 or so students, one of the directors sent this 30-somthing bellend to my room (to add some more context, he was a pillock who thought he was hot-shit). What ended up happening was I told him via text that I could only loan him in pre-set chunks of Brazilian reals (I.e $100 for X Reals)but, what ends up happening is he bursts into my hotel room and has drastically less money then I commissioned. When I ask him to leave, he starts "negotiating" (more like intimidating) and won't leave until I give him the money (which he claims he will, "pay me back") so, to get him the factor out I give him the money with the understanding he gives me the difference of 7 dollars before we leave the country. Cut to 2 days later, I found out that he jumped town to Fortaleza to stay with a local -whore- girl he plans to make his "fiancé". I'm understandably livid that he ran off but, nothing you can do and the sentiment that it's "only seven dollars" consistently spat in my face as thoughts of "Dangan Ronpa"-esk punishments run through my mind. Now, I'd did get my just deserts, all be it petty, I had planed to use some of my money I got from being a manager to host a dinner party back in the US for those I was in charge of as well as the directors and the other managers. When it came time to hold the party I "accidentally" forgot to invite him (he was notably pissed but, to that I say, *KARMA*). Moral of this story, have a record of your loans as well as screen the people you are giving the loans to (I.e, make sure your in a secure public area so that if it comes to it, you can walk away and not get brutally attacked in your own room).
@armendguci94406 жыл бұрын
i have a question if i loan money from e company my lawyer agree to py fees do i have to make a contract with him
@BtownOG7 жыл бұрын
I dont like borrowing money or loaning it out.. Only time i borrow money is only small amounts like 100 then pay back next day
@kwaichangcaine82347 жыл бұрын
I have loaned money to family and friends always got paid back sometimes a little late but I got paid back
@kelvink99997 жыл бұрын
Just have an informal IOU
@jimblane11837 жыл бұрын
Write "Loan" in the memo section of the check. Never give out cash.
@0marshalljohn7 жыл бұрын
Sooo if you borrow money to a friend you gain an enemy, but if you borrow money to an enemy you earn a friend?
@misterhot91637 жыл бұрын
So what does he mean by "problematic" at the end?
@draftingsavant71907 жыл бұрын
all you have to do is sign a piece of paper and It counts.
@carthy299 ай бұрын
From experience i dont lend money anymore
@locomexican1055 ай бұрын
This may be late but one of my friend need 5k and if i send her a text saying that i will loan her the money and she has to lay it back in set date and she acknowled that she will, does that still hold up ik court if i have it saved or screenshot?
@jordanrioscreations7 жыл бұрын
Well, of course there's this way, but I was thinking he was gonna say to get collateral.
@nasirnasiri5818 Жыл бұрын
I have same satiation he don’t wanna pay me back I have document back statement clearly wroth he should pay back I’m small business owner the money is also send from my business account is there is any way that I can get back my money
@latinoladino10487 жыл бұрын
Never trust anyone with money.
@nichegoseberazdvatri Жыл бұрын
So what are my chances of getting my money back if all I have are text messages?
@Chaneldavis7796 жыл бұрын
I m trying to get a friend to pay me $1000 he collected from me in June.he was supposed to pay me back end of July. July came and it became middle of August.Middle of August came, it is now a story of “ I don’t know when,but I know I will “! Seriously?
@asifahamed87407 ай бұрын
Just say “No” and move on.
@MrSirwolf20017 жыл бұрын
Trying to establish and document the terms of a loan after the fact is a stupid thing to even suggest. Doing so by text is even stupider.
@MK-ex4pb7 жыл бұрын
get it signed on paper even better with a witness, before handing over a penny
@NJASZN7 жыл бұрын
My screenshot folder is quite expansive.
@HurricaneIrene079 ай бұрын
Seems like a no brainer.
@WisdomInExperience7 жыл бұрын
it will remain problematic ? for who? borrower or lender?
@jyrolys67 жыл бұрын
Case by case choice. Whoever has better evidence and charisma.
@marleyjanim50334 жыл бұрын
Collateral collateral collateral
@veera2017 Жыл бұрын
I gave Money to one of my cousin he was elder .he asked me 2000 rs that was my one month pocket money with out any thought I gave him.he told he will return money at the end of the month after getting salary.after one month i sent him hello to him in WhatsApp to ask him money.he didn't reply.i messaged him after one week this he blocked me 😑😥.this is really big betrayal.2000 was really big money to me at that time.any way he thought me a lesson.
@kenallenchannel3911 Жыл бұрын
You’ll become more wiser
@Anteater236 жыл бұрын
I have my son a small loan of a million dollars. Do you think I'll ever se the money again?
@Joe_JesusWins_Lewis7 жыл бұрын
"Neither a lender nor a borrower be"
@gender33427 жыл бұрын
I feel hurth because I now need a friend and the same people dissappeared
@gender33427 жыл бұрын
God knows all we do in life people who were not good people karma
@thephilosopher47197 жыл бұрын
Dear KZbin users, Just so i have this clear for my own record, and tax purposes, I lent each one of you 10$, and you agreed to pay me back in 30 May 2017. Acknowledge that for me so that i have a record of it.
@johnpettersen94927 жыл бұрын
Friendships can go bad. Then what? Keep proof
@CogniVision7 жыл бұрын
Never loan money if you can't afford a gun.
@MN-mc8ik7 жыл бұрын
CogniVision i would rather lose couple hundred than get a felony
@blaow81407 жыл бұрын
I think he means you can't kill someone over money lmao not worth it in the long run
@jigc237 жыл бұрын
think like a banker
@ceretomer59877 жыл бұрын
This is all common sense. Shouldn't even need to be brought up.
@lancerd49347 жыл бұрын
And yet, failure to do so takes up like 90% of cases in small claims court, so clearly it does for some people...
@cmdctrl42927 жыл бұрын
You never loan a friend money. If a friend needs money, you give them money, then a hug and when they thank you, you simply reply, "fuggedaboutit". And that's that... Capisce?
@claudiaoctavia63407 жыл бұрын
always problematic, texts can easily be faked. nothing short of a written contract will do.
@steampunk8887 жыл бұрын
Claudia Octavia Oral contracts can still be valid, but the problem is proof. The text is at least some proof, if it pre-dated the loan.
@claudiaoctavia63407 жыл бұрын
any tech savvy judge would / should throw out cel phone "text" evidence because they are so easy to fake. For example I could easily create a text conversation from 'steampunk' using your profile image and predated whenever I want, saying you owe me 10 grand.. This sort of thing is happening all over the internet, especially in social media, where fake texts and tweets are being used to get user accounts banned. And I am not a hacker, videos on how to do just this sort of thing are right here on youtube.
@christianmetalpwns7 жыл бұрын
Step #1: Don't lend money to your friends.
@manujohn993 жыл бұрын
Veryyyy trueeee
@HuskerFox7 жыл бұрын
*Hot Bench* still sounds like some kind of taboo sex act
@deezygfx63167 жыл бұрын
thxs i owed a drug dealer 20K and i won and i got 17K....jk
@jijoe21517 жыл бұрын
The eyes are alive as ever, but skin must be worked on.
@FourTelling Жыл бұрын
forsen
@Mohammed.1247 жыл бұрын
close your eyes and listen, you will hear donald trump
@Byokku20137 жыл бұрын
I don't see how a text is proof I mean I could just chill with my friend and text myself back.....then they owe me whatever I want? Complete bullshit right here folks.
@steampunk8887 жыл бұрын
Joe Crockenberg You could, but that would be fraud.
@Byokku20137 жыл бұрын
SteamPunk Kind of my point.
@Byokku20137 жыл бұрын
Holy Drug Lord🔼 Apparently you just take a screen shot and sue bud.
@momiji99216 жыл бұрын
Joe Crockenberg Police has their way to track all the messages & calls etc even it's been deleted...
@YT_Epic7 жыл бұрын
early early early
@massojupiter34367 жыл бұрын
The only person you should lend money to are family members.