2006-08-21 03:59:52 · 8 answers · asked by VICTORIA M 1 in News & Events ➔ Current Events
If you get a contract prior to lending, you won't have that problem.
2006-08-24 15:56:30 · answer #1 · answered by nikkinat 2 · 0⤊ 0⤋
If its a good friend but a considerable amount of money (which is what it sounds like), it depends on their situation. If they are going out every weekend and talking about booking holidays etc, yet not even considering paying you back, you have to have a word. If its just a few quid, best to mention it once, and if they still choose to ignore, write it off and just dont lend to them again.
If its just an acquaintance, I reckon two weeks, or the end of the month when most people get paid. If its business, depends on the normal practice for that industry and the importance of that client to your business.
Friends wise, the way I see it, paying back debt to mates should come after rent / mortgage, bank loans, credit card, essential payments etc. But after this, mates should pay you back at least in part before they have their first drink. Otherwise, its just cheeky. If a good mate is really strapped, you gotta be more sensitive, coz theres nothing worse than being indebted to friends for a long period of time.
2006-08-21 05:22:57 · answer #2 · answered by Jack M 1 · 0⤊ 0⤋
You should not have to wait! This person ought to respect you enough to at least tell you 'why' they are not able to pay. If the reason is known by you, but not acceptable to you, explain your position and see if that helps motivate the person. If none of this is valid for you, you'll just have to "write it off" and not get involved wit that person. They probably have little esteem and they're probably not worth your effort to try and help.
This exact thing has happened to me a number of times and I've gotten over the loss of cash, as well as the person.
2006-08-21 04:13:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It depends on the situation. If they're on welfare or some other limited income, ask for small payments. If it's during a hard time for them, just remind them every now & then but I'd limit that to less than 6 months.
2006-08-24 15:31:45 · answer #4 · answered by babysweetvee 3 · 0⤊ 0⤋
I dont know, a few weeks.? but next time, when asked for a loan, ask when they will pay it back before the money is exchanged.
2006-08-21 04:06:21 · answer #5 · answered by smurfee68 5 · 0⤊ 0⤋
If you didn't have an agreement at the outset, I think 90 days is sufficient.
30 days is standard procedure.
2006-08-21 04:07:20 · answer #6 · answered by ed 7 · 0⤊ 0⤋
Just tell whoever it is that if they don't pay you back your money right away, that you are going to knock the cowboy snot out of him/her plus interest........
2006-08-21 04:16:30 · answer #7 · answered by Anonymous · 0⤊ 0⤋
What was the agreement?
2006-08-24 04:47:48 · answer #8 · answered by Anonymous · 0⤊ 0⤋