Welcome to NESR! Most features of this site require registration, including replying to threads, sending private messages, starting new threads, and uploading files. Click here to register.

View Poll Results: Loan money to family?

Voters
20. You may not vote on this poll
  • Yes, if it is an emergency.

    5 25.00%
  • No way, those fuckers never pay me back.

    4 20.00%
  • Depends on the situation, how much, etc.

    8 40.00%
  • Bemused. (Seems to be an option on every other poll.)

    3 15.00%
Results 1 to 20 of 20

Who has loaned money to family?

  1. #1
    Littering and........
    Join Date
    Jul 2004
    Location
    Vermont
    Posts
    7,231

    Who has loaned money to family?


    I have come to realize that the concept of "loaning" money does not apply to family - to them, it is equivalent to "giving".

    0 Not allowed! Not allowed!

  2. #2
    Hood Rich Lucky13's Avatar
    Join Date
    Aug 2004
    Location
    South Shore
    Age
    47
    Posts
    458

    Who has loaned money to family?

    I loaned 3k to my parents when my father became very ill. They said they would pay me back, but I never asked for it. I figure the shit I put them through and cost them as a kid I still owe them money...

    When loaning money to family, it's more like giving it to them..

    0 Not allowed! Not allowed!

  3. #3
    Everybody to the limit!
    Join Date
    Apr 2003
    Location
    Winchester, MA
    Age
    41
    Posts
    6,856

    Who has loaned money to family?

    I still owe my parents a few G's for tuition.

    But I didn't see an option for "worthless mooch".

    So, bemused

    0 Not allowed! Not allowed!

  4. #4
    IWOK Prez. bigred875's Avatar
    Join Date
    Sep 2003
    Location
    Manvile, RI
    Posts
    8,115

    Who has loaned money to family?

    depends..I have and do..but I do not except to get it back...

    If it is very important I will...but if it is something trivial I will not...

    0 Not allowed! Not allowed!
    Quote Originally Posted by ThisBitch View Post
    From my experience, its the natural red heads (aka gingers) that have no soul--- I mean are crazy.

  5. #5
    the phear hohum's Avatar
    Join Date
    Jul 2002
    Location
    Everett, MA
    Age
    46
    Posts
    1,274

    Who has loaned money to family?

    Always will loan to family in emergency, but I never loan to family with the expectation of getting it back.

    0 Not allowed! Not allowed!
    But when we ride very fast motorcycles, we ride with immaculate sanity. We might abuse a substance here and there, but only when it's right. The final measure of any rider's skill is the inverse ratio of his preferred Traveling Speed to the number of bad scars on his body. It is that simple: If you ride fast and crash, you are a bad rider. If you go slow and crash, you are a bad rider. And if you are a bad rider, you should not ride motorcycles.


  6. #6
    Lifer LuvDog's Avatar
    Join Date
    Sep 2004
    Location
    Ashland, MA
    Age
    52
    Posts
    2,890

    Who has loaned money to family?

    Ditto the others.... I've given money to family on several occassions.

    Never expect or ask for it back.

    0 Not allowed! Not allowed!
    2003 ZX7R
    1995 916

  7. #7
    Littering and........
    Join Date
    Jul 2004
    Location
    Vermont
    Posts
    7,231

    Who has loaned money to family?

    Yikes....I guess I'm a dickhead

    I loaned a certain family member $10,000 in 2001 so they wouldn't "lose their house" to the tax department. When I went to their house shortly thereafter, they were remodeling their kitchen, supposedly to make the house worth more for a re-fi. The next week a new (used) Winnebago showed up. I have yet to see any of the money, and their house still has a tax lien on it, thus no refinancing.

    The Christmas after, said family member's children were "getting only dollar store items" for Christmas, because they had not money. $1,000 I never saw again.

    The same family member then had no car. $500.

    The car's motor blew up. $150 + labor.

    Now, the heat bill is overdue, and I refuse to give them the $1,500. Am I a dick?

    0 Not allowed! Not allowed!

  8. #8
    Lifer Karaya One's Avatar
    Join Date
    Jul 2001
    Location
    Springfield, Mass
    Age
    55
    Posts
    3,104

    Who has loaned money to family?

    You should have been a dick after the 10 G's.

    That is a lot of cake to hand over and get nothing back. And I would remind them about once a month about it.


    0 Not allowed! Not allowed!
    Putting his hands in the air, like he just doesn't care.
    Check out my eBay store!
    Dave - Motorace - Michelin

  9. #9
    IWOK Prez. bigred875's Avatar
    Join Date
    Sep 2003
    Location
    Manvile, RI
    Posts
    8,115

    Who has loaned money to family?

    Originally posted by highsider
    Yikes....I guess I'm a dickhead

    I loaned a certain family member $10,000 in 2001 so they wouldn't "lose their house" to the tax department. When I went to their house shortly thereafter, they were remodeling their kitchen, supposedly to make the house worth more for a re-fi. The next week a new (used) Winnebago showed up. I have yet to see any of the money, and their house still has a tax lien on it, thus no refinancing.

    The Christmas after, said family member's children were "getting only dollar store items" for Christmas, because they had not money. $1,000 I never saw again.

    The same family member then had no car. $500.

    The car's motor blew up. $150 + labor.

    Now, the heat bill is overdue, and I refuse to give them the $1,500. Am I a dick?
    nope not at all...they would not get 1 cent from me...

    I do it like this..I "lend" the money...if I get it back..I will lend again...if not....never again....

    0 Not allowed! Not allowed!
    Quote Originally Posted by ThisBitch View Post
    From my experience, its the natural red heads (aka gingers) that have no soul--- I mean are crazy.

  10. #10
    I kick hippies...and Kham Nikon's Avatar
    Join Date
    May 2003
    Location
    Lakes Region, NH
    Age
    16
    Posts
    6,937

    Who has loaned money to family?

    bemused

    0 Not allowed! Not allowed!
    Bras cause cancer.

  11. #11
    Tie me up not down Jaynnus's Avatar
    Join Date
    Oct 2004
    Location
    Southeastern Taxachusetts
    Posts
    6,603

    Who has loaned money to family?

    Where is the option for 'yes, in a heart beat'??

    0 Not allowed! Not allowed!


    MSF RiderCoach
    MSF Dirt Bike School Coach


    Quote Originally Posted by 5TOEZ View Post
    #5 Hangout w/Jaynnus................
    she rides like the wind
    & smells good too.
    PKism: you don't count, you're just a guy with indoor plumbing

  12. #12
    Littering and........
    Join Date
    Jul 2004
    Location
    Vermont
    Posts
    7,231

    Who has loaned money to family?

    Originally posted by Jaynnus
    Where is the option for 'yes, in a heart beat'??
    Oh, you dont see it? Its right next to the option for "Jaynnus is a smart ass."


    0 Not allowed! Not allowed!

  13. #13
    Tie me up not down Jaynnus's Avatar
    Join Date
    Oct 2004
    Location
    Southeastern Taxachusetts
    Posts
    6,603

    Who has loaned money to family?

    Originally posted by highsider
    Oh, you dont see it? Its right next to the option for "Jaynnus is a smart ass."

    Must be something wrong with my 'puter...double checked and I don't see it!!

    It is easy for me to say this though, cause my family has not really asked for much over the years and have always paid back anything and everything.

    On another note, I am the controller of a small company and I found one employee in particular that kept needing short term non-interest bearing loans for one personal disaster or another. It became an issue of never being able to climb out of the hole for her and was a short term patch that always needed a slightly bigger patch the next time. I had to tell her that I would no longer provide these loans. Yes, I felt bad, but I do agree that it was in her best interest.

    0 Not allowed! Not allowed!


    MSF RiderCoach
    MSF Dirt Bike School Coach


    Quote Originally Posted by 5TOEZ View Post
    #5 Hangout w/Jaynnus................
    she rides like the wind
    & smells good too.
    PKism: you don't count, you're just a guy with indoor plumbing

  14. #14
    Angry Gumball RandyO's Avatar
    Join Date
    Jul 2001
    Location
    Farmington, NH
    Age
    69
    Posts
    15,204

    Who has loaned money to family?

    never actually loaned money, but I have cosigned for a loan and got burnt....... I still have a carpet van for sale if anybody wants to go into the carpet cleaning business

    0 Not allowed! Not allowed!
    RandyO
    IBA#9560
    A man with a gun is a citizen
    A man without a gun is a subject

  15. #15
    IWOK Prez. bigred875's Avatar
    Join Date
    Sep 2003
    Location
    Manvile, RI
    Posts
    8,115

    Who has loaned money to family?

    Originally posted by RandyO
    never actually loaned money, but I have cosigned for a loan and got burnt....... I still have a carpet van for sale if anybody wants to go into the carpet cleaning business
    I would NEVER co-sign on anything for anyone...lol

    am I a dick..maybe...but that's what was told to me by my "parents"...I have seen way too many get burned....

    off topic - randy can you PM me details..I'm slightly interested..

    0 Not allowed! Not allowed!
    Quote Originally Posted by ThisBitch View Post
    From my experience, its the natural red heads (aka gingers) that have no soul--- I mean are crazy.

  16. #16
    Lifer SEVENSGT's Avatar
    Join Date
    Jun 2002
    Location
    Warwick, RI
    Age
    46
    Posts
    3,224

    Who has loaned money to family?

    Originally posted by RandyO
    never actually loaned money, but I have cosigned for a loan and got burnt....... I still have a carpet van for sale if anybody wants to go into the carpet cleaning business

    ah yes, I might also have a ford focus for sale also, 2000 low mileage

    0 Not allowed! Not allowed!

  17. #17
    Lifer
    Join Date
    Jun 2004
    Location
    Waterbury, VT
    Age
    53
    Posts
    2,135

    Who has loaned money to family?

    Based on your description of what happened, I would recomend turning off the tap to that portion of the family.
    Loaning money to friends and family can get real sticky fast if you don't work out the details up front. Even then, if they don't pay back, you are screwed. For that reason I don't loan people money I am not ready or able to walk away from. Also remeber that it is your money to do with as you please, and you are not the reason they are having money problems. Good Luck...

    0 Not allowed! Not allowed!
    SSearchVT

    For every action there is an equal but opposite reaction - and sometimes a scar...

  18. #18
    Hungry like a wolf... MissTwisties's Avatar
    Join Date
    Jun 2002
    Location
    Southwick, Matachusetts :)
    Age
    48
    Posts
    10,791

    Who has loaned money to family?

    I've learned that lending money to family is a mistake. You never see it back. Same thing with the family in law (not the parents, but the bro and sis-in-law), they think we're rich and that we don't need our money back.

    0 Not allowed! Not allowed!

  19. #19
    Lifer Suf Daddy's Avatar
    Join Date
    Nov 2003
    Location
    Boston, Lincoln, other locations
    Age
    42
    Posts
    1,573

    WHOA

    OMG:

    10 grand is a lot of bread..........

    Here's what I'd do now or next time.....

    You work at a "firm".

    File a note on the property for the $10,000 but don't foreclose...
    (but the week before) the tax lien is executed and the home is taken.

    Better to be a creditor in line then on the curb out $13,000.

    -Suf Daddy

    0 Not allowed! Not allowed!
    Suf Daddy.



  20. #20
    rc51 pilot damannz's Avatar
    Join Date
    Sep 2003
    Location
    w. mass
    Age
    44
    Posts
    243

    Who has loaned money to family?

    its hard not too sometimes.after all its family,i guess in one way or another it will come back to you in the end.Id rather have family ask me then to ask outside the circle ya know.cant take it with ya when you go.

    0 Not allowed! Not allowed!

Similar Threads

  1. About making money..
    By MissTwisties in forum Off-Topic
    Replies: 22
    Last Post: 02-28-06, 09:04 PM
  2. Money
    By Graffix31 in forum Controversial Topics
    Replies: 20
    Last Post: 08-01-05, 07:17 AM
  3. MONEY PIT!!
    By Brian_C6 in forum Off-Topic
    Replies: 14
    Last Post: 07-27-05, 04:01 PM
  4. Money for the VIR trackday
    By Degsy in forum General Bike Related
    Replies: 15
    Last Post: 03-25-05, 02:03 PM
  5. Show Me The Money...
    By Stoneman in forum Pit Area
    Replies: 24
    Last Post: 08-19-04, 06:13 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •