June of this year makes three years that I lent my old assistant $700. I should have never done it. She was having problems at her parents house and needed to move out. By the way she was 42 at the time. She had enough money to rent the apartment she wanted but she didn’t have a security deposit. So I LENT it to her with the understanding that she needed to pay me back $100 out of every pay check until it was paid off-interest free since I’m so nice. To make a long story short she kept telling me that she was behind on all her bills everytime her paychecks would come in. It took her 4 months to pay me the first payment of $50. That’s all I’ve ever recieved. She kept saying “I know I owe you all that money so when I get my income tax check I’ll pay you all at once.” I’ve heard that same line for the past two years. Last year she tried convincing me that she didn’t get a check. I got tired of asking/demanding my money back. I just took it as a very expensive lesson I had to learn. Don’t loan money to people. If a bank won’t loan to them there is a reason! When I moved 5 months ago I cut off all contact with her. She has the nerve to call and get an attitude on my voicemail because I won’t call her back. She knows I’m beyond pissed about her defaulting on the loan. Can she really be that stupid to think I wouldn’t still be pissed just because I moved away? Sheesh! A few months ago I heard through the grapevine that she ended up getting evicted from the apartment and had to move back in with her mother. The landlord ended up keeping the security deposit because she wan’t paying her rent.
So this is going on year 3. I figure hey she’s getting an additional $600 from the government. She needs to just hand that over to me and I’ll knock off the $50 she would still owe.
What would you all do in this situation?
Till next time…
Filed under: Finances, Relationships, money
woooow
that bolded statement says it all
I lent my ex some money. still is my ex. money still in his possession. I ended up charging it to the game. Lesson learned
dude – that sucks AND blows
for seriously.
Yeah it sucks. I learned a long time ago you pretty much lend money with the knowledge you probably won’t get it back. At 16 I lent $200 from my measly McDonald’s paycheck to a 40something year old women who was struggling… not only did she not pay me back but she cornered me to complain about bills she couldn’t pay a daughter she couldn’t feed. Pissed, my response was usually “That BLOWS.” with heavy get-out-of-my-face-before-I-sock-you-woman attitude.
Grrr!!!! I hate that! I have had similar experiences, and have since learned to stop “loaning” people money and instead just “give” it. *smh* The reality is that you just cant trust folks to always be reliable…. so unless you can truly afford to part with it for good, dont give it out with any expectations of getting it back. Sad, but true!
Great blog!
i don’t remember where I heard the following but this is i how i deal with lending money:
“if you can’t afford to lose it, don’t lend it.”
if someone asks to borrow say…$50 and i know it wont brake me (among other considerations) i lend it with the thought that i very well may never see it again. while this is not fine – people should repay their debts – it makes it much easier to deal with should i not get it back…luckily, i haven’t had to deal with not getting it back yet.