I just loaned a friend , whom I only see about once every two years, 200 dollars and he put his pool cue up as colateral. Now he calls me and wants to change it to a straight loan and wants his cue back , I told him no way a deal is a deal if you want the cue give me the 200.What would you do.
2006-06-09 15:50:34 · 16 answers · asked by windyy 5 in Society & Culture ➔ Etiquette
Stick to the original deal. If your friend's whiffling on wanting his cue back he's probably going to whiffle on giving you your $200 back, too.
2006-06-09 15:54:37 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Rule 1, Never loan money to friends or family. Give it but don't loan it.
Rule 2, Never loan more than you can afford to loose.
If he is a real friend why would want collateral?
Sounds like more of a contact or associate than friend. In that case treat it as business, keep it.
On the other hand, if you don't need a pool cue, make a written contact, spell out the terms of repayment, and make him sign it. No pay, you take him to court.
2006-06-10 04:10:59 · answer #2 · answered by Robin 4 · 0⤊ 0⤋
What you did. Don't give the cue until you get the 200.
2006-06-09 22:53:04 · answer #3 · answered by 2¢ 4 · 0⤊ 0⤋
Don't give him the cue and tell him that if he doesn't return the 200 within a week (or whatever u think is fine) then you will pawn it off. Problem solved and don't ever lend him any money anymore..
2006-06-09 22:55:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If he legitimately needs the cue back, and doesn't have the $200 you could let him swap for a different (valuable) collateral. (but it's your decision, not his)
Truthfully, if he wants the cue back and is unwilling to put up worthwhile collateral...you can be sure, he'll never pay you back.
2006-06-09 22:57:53 · answer #5 · answered by gcbtrading 7 · 0⤊ 0⤋
Keep the cue.
Loaning money is the best way to loose a friend.
If a friend asks me for a loan I just give them the money.
I tell them this is a gift, If you pay me back cool but I do not expect it. That way no friends lost.
ps. That is only for the closest of friends and family.
No loan for others.
2006-06-09 22:53:36 · answer #6 · answered by Dee 4 · 0⤊ 0⤋
don't give the cue back, not until he has the $200.
2006-06-09 22:54:20 · answer #7 · answered by cindos_69 5 · 0⤊ 0⤋
Unless he needs the money for an ABSOLUTELY life or death situation, i would say that u just tell him "I worked hard and earned that money, your lucky i gave it to you in the first place."
Why the hell did he put up his pool cue up as collateral in the first place?
2006-06-09 22:55:15 · answer #8 · answered by China doll 3 · 0⤊ 0⤋
do not change it - once you give him the cue back he can walk away free
2006-06-09 22:53:21 · answer #9 · answered by Shopaholic Chick 6 · 0⤊ 0⤋
Tell him he can have the cue if he leaves his car in it's place.
...then find a middle point.
(the car's battery and stereo?)
2006-06-09 23:32:26 · answer #10 · answered by ½«gumwrapper 5 · 0⤊ 0⤋