@@fling4206 good point. I suppose the process of explaining a legally binding contract and the consequences of reneging might get some people to say, “uhh, never mind.”
I don't loan anybody anything unless it a dollar for the snack machine. Otherwise I will consider it a gift and not expect anything back. If someone asks to borrow money I will say no.
Yep. Learned the hard way. Never received one red cent of mine. I had to let it go. Relationship is over. But they didn’t care. At least he got something back. Thats why from now on if someone ask me for money its ALWAYS a no. If a bank won’t lend you, don’t expect me to.
@@tookiezzz2898 He has been going through a divorce since 2019 (Bad enough already) Dave and the crew forced them into counseling and made them sign some stuff so they could see all the details of the counseling (to make sure they were actually doing it) and Chris allegedly got a co worker pregno she got fired immediately he had many affairs well going through his divorce and that’s about it! He was given multiple chances and he failed but hopefully God can save him and bring him back to a good state!
I’ve lost peoples thought were good friends over $20. I don’t let anyone borrow anything anymore. Either I give it with no intentions of getting it back or I just say no to everyone. Sucks but people can’t even pay off their debt with collections coming after them
My cousin sold some items for me for $2800. We had a business together. After a week, he told he used my money on something else. I just moved on. We don't talk anymore and that's fine. Just take your loss and move on. Thank God, it was only $3000.
I would not blame him still owes him 3k that's something to let go if it was 20 bucks 50 bucks 100 bucks sure but 3k left that's a lot of money why would he let go when it's his money
@@rafidalbotany1109Because unless you have a written and signed contract there isn't anything LEGALLY you can do to get your money back 🤷 Even then you've still got to go to court - that costs money. And even if you win, there's still no guarantee they will pay you - then you have to go back to court again...
It’s not like he needed those types of people in his life anyway. You want to be surrounded by people who are friends/family AND will pay you back, because they RESPECT you.
Another problem with some individuals is whenever money leaves their account the probably consider as a gift because they would never see it coming back
Don’t give anyone money to anyone unless it’s a gift! But I couldn’t have a relationship with his cousin ounce I know he not a man of his word to pay u back. If he don’t Pay up i cut him out.
Same here with sister-n-law, she still owes us $4,500 (was 5000) ! SHE wanted a contract, paid us one payment of 500..... 25 years later she still owes it🤷♀️ And no relationship with his only sister.
Even taking money as a gift from family can get messy. I was given a gift by my mom and was told I didn’t have to pay it back. But within the year she started holding it over me that I owed her. She wanted me to pay back the money in full and keep a bunch of her other conditions. Such as letting her have the right to store stuff in my garage that she didn’t have the space for at her own house. So I wouldn’t even take a large gift from family members! Not worth it!
@@coffeesnob3778 yes, I paid it back. And then she said she didn’t remember I paid her back. I showed her evidence of the check that I gave her and how she cashed it. She said “whatever” and tried to continue to use it as an excuse because she helped me. Setting boundaries became a must and that still didn’t completely stop her but it did slow it down a little. We just deal with it now as a lesson learned the hard way.
It’s unbelievable the amount of people out there who won’t pay back friends/family/coworkers. I’ve been there myself and lent $500 and I will never forget that lesson. Lucky it wasn’t more.
Same thing happened to me...I didn't get paid back the remaining balance of a loan from someone I hung out with all my life. Its shocking that someone would do that and how many times its happened to different people.
Worked for 10 days with my friend’s family. Only got paid for the first day of work. Meanwhile my friend buys a new 65inch tv when his old one wasn’t even broken. He’s not my friend anymore.
It’s like student loans forgiveness . You guys preach pay back the loans pay back the loans . But your telling a man who lent someone 5grand not to get his money back ? He not even doing it with interest . It can’t work one way . If you telling people to pay back their student loans and get out of debt he has to get back his money. I know for sure if the cousin called and said the same story you guys would say pay back the debt to the lender as part of the snow ball . First time I ever hear you guys talk nonsense like this .
@@InvalidFingerprint ..sorry, but IF the cousin DOES have the financial security to pay the money back and chooses NOT to....then I would file a claim in court. Jesse should stop contacting the cousin or the aunt, and just speak to an attorney. Jesse's mistake was that he did not have documentation and he trusted his cousin. I hope he gets his money back ....
@@jengable4888 oh, I fully agree that the guy owes every penny back, but it's an unfortunate fact of life that you need to be very careful "loaning" out money to people, especially to family. It's safer/easier to just either gift them the money (and of they pay you back, then yay bonus income!), or just say "No I don't lend money"
@@SDALLE99 He has been going through a divorce since 2019 (Bad enough already) Dave and the crew forced them into counseling and made them sign some stuff so they could see all the details of the counseling (to make sure they were actually doing it) and Chris allegedly got a co worker pregno she got fired immediately he had many affairs well going through his divorce and that’s about it! He was given multiple chances and he failed but hopefully God can save him and bring him back to a good state!
No way would I let it go. Why would I support bad behavior (theft), and enable someone to not repay a loan. Take him to small claims. For all the Ramsey talk of not forgiving student loans, why would you now promote forgiving family loans?
This was my reminder to write my in-laws a check for the $2000 we owe them from a couple weeks ago now that we have the money to. Don’t take advantage of family/friends borrowing you money from them when you’re really in need!! Pay them back as SOON as you have the money, or even do monthly payments to them if you have to. Money you owe your loved ones still counts as debt even if there is no interest or contract. PAY THEM BACK!!!👏🏻👏🏻👏🏻👏🏻
This dynamic of a borrower getting furious at a friend or relative for not forgiving a loan seems to be very common. It also often involves things like the deadbeat posting pics of themselves enjoying a nice vacation spot or an expensive dinner out.
I learned lesson too, borrowed 3,200 five years ago, he paid back 2,200 and now he's cut off all contact this last 3 months since he's lost his job, I won't get it back I know, a 1,000 lesson ugh , never be doing that again!!!
I borrowed $7000 from my aunt to finish my senior year in college, there was a contract written and there was a payment plan established. I completely agree, even with family there should be a legal binding agreement. I’ll never borrow money from family again! Makes the relationship feel weird. When I got enough money in my debt snowball was rolling, I paid it off in full.
Agree 100% We lent my brother 5k to start a coffe shop. The shop didnt work out but he still was able to pay me back plus interest because he bought and sold the equipment for a good deal.
Small claims court. The relationship is over, and he’s the one who did it. Punk needs to learn a lesson. Subpoena your aunt, and bring a copy of the check she paid you as evidence your cousin admitted he owed you money.
You sure stuck you neck out. Take it as a lesson and move on. Here's a tip buddy: Never tell any relatives how much money you have. Never give them any money, unless it's a gift.
Why do people think it is going to be any different this time. Unless you have BANK written on your forehead, it is not your responsibility to lend money to people who can’t get money from a bank, because they are a bad risk.
I think that would be the tough part for me... It's a respect thing. On some level it's not really about the money... it's about the fact that somebody close to you took advantage of you, manipulated you, used you.. and doesn't respect you or value you enough to hold up their end of the deal. I don't care if it's $20 bucks, or 20 grand. If somebody says they will pay you back... and then they choose not to. That tells me all I need to know about that person, and it's honestly not somebody I want to be around any way.
Agree totally...its lack of respect that's most upsetting from a family member. If they respected you they be offering whatever they could to make things right.
@@happygenerously6008 He has been going through a divorce since 2019 (Bad enough already) Dave and the crew forced them into counseling and made them sign some stuff so they could see all the details of the counseling (to make sure they were actually doing it) and Chris allegedly got a co worker pregno she got fired immediately he had many affairs well going through his divorce and that’s about it! He was given multiple chances and he failed but hopefully God can save him and bring him back to a good state!
Exactly. Banks have the money to pay for attorneys to sue someone for not paying their loans. The average person does not have that power. Do not lend money to your friends.
I’m telling you right now, don’t ever EVERR lend out money. The people who owe you will act like they are the victim and turn it on you like you did something to them by asking for YOUR MONEY BACK! Again, I don’t care how sad the story is don’t do it! You will NEVER get your money back.
Caller is at least $34k in debt and makes $40k per year. He couldn’t afford to give his cousin this money, but I’m sure he was guilted into it by this deadbeat. Sad situation all around. I agree, he’s not getting it back, but it sucks that he is now the “bad guy”.
It’s unfortunate that money could end a relationship with relatives. It’s not worth it 💔 I have “lent” money family before but in my mind I decided it was a gift. If they paid back, sweet. If they didn’t pay back, it would be forgotten. I figured if a family can’t pay me back, they have bigger problems and need some help
The problem is $5000 is a lot of money to this guy. If he was financially in a more generous position he would never ask the 5k to be paid back. Let’s hope everyone gets to a position to gift money not just to a family but anyone you like.
U never gamble more than you can afford to lose. You have to assume that you might not get that money back. If you’re not comfortable with that, then don’t loan the money in the first place
In these situations, youre best putting your time and efforts into making that money back instead of continuing to chase for it. Dont ever send anymore money to that person and hey, there may be a day you DO get it back + the amount you made not worrying about it.
