he said he would sell his inheritance abroad to pay me back,he tried to repartriate the money but the money got stuck because the bank was being investigated for fraud.This went on until he was advised by another friend of mine to go to the banks headquaters in London,to meet with one of their directors.They investigated and kept asking him to come today and come tomorrow,all to noavail.Then he went to the C.A.B,then the lawyers at the cab took his bank to court,the court ruled in his favour last summer,but they still did not pay out,i still had to carry on servicing this debt in the meantime.Then,came the twist,my friend was under investigation by scotland yard,something to do with fraud that someone else committed,because his name was mentioned in the statement another perpetrator had made.Then he was interogated and cleared,but still had to go to the UnitedStates for a final interrogation,was cleared,and they still have not paid out.His bank has to wait for their say so.I need help!
2006-12-22 07:17:34 · 14 answers · asked by babyface miller 2 in Business & Finance ➔ Personal Finance
One does wonder how much of his story can be corroborated, because it sounds quite a bit like a scam if you ask me. Chances are, you will not see that money.
2006-12-22 07:33:29 · answer #1 · answered by SUSAN N 3 · 0⤊ 0⤋
Sorry to hear about your situation, but you're an adult and you must be responsible for your actions. credit cards or no credit cards your responsible to the person you owe debt to, just like your friend who owes you debt. Go back and read the contract you signed with the credit card company and now go back to the contract you gave your friend for this loan. Ok. here's the question to you, did you create a contract when you lend your friend the money? I think you understand where I am going with this........ Take care and I hope your friend follows through soon.
2006-12-22 07:30:43 · answer #2 · answered by realestatemichigan 3 · 0⤊ 0⤋
A true friend probably wouldn;t have borrowed in the first place, or at the very least made an effort to repay. Sounds like you'll be waiting for your money for a long time if you get anything back at all. I would start to press him to repay, if not, small claims court.
2006-12-22 07:23:08 · answer #3 · answered by crazydave 7 · 0⤊ 0⤋
Never lend money that isn't your own. That much should hopefully be clear by now.
Never lend money to criminals. That's step two. This guy is clearly trouble, though you seem to believe he's just dandy anyway.
The only thing you can do is keep paying or pay off those debts yourself, and hope that some year you might get your money back.
2006-12-22 07:29:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
sorry you got into the situation but hopefully atleast you can say lesson learned. it is very dangerous to lend money to friends as it usually ends up ruining a relationship
2006-12-22 07:27:14 · answer #5 · answered by Carrie H 5 · 0⤊ 0⤋
I'd say suck it up and drive on dude... learn the lesson of never loaning money to someone on your credit card in the future. You're never going to see that money, even if the bank does pay him...in fact the bank already did and he's just stringing you along.
2006-12-22 07:26:41 · answer #6 · answered by i_love_my_mp 5 · 0⤊ 0⤋
You should never draw money from a credit card. The Interest is very high and it will take you longer to pay for the money you cashed from the credit card than buying goods from it.
2006-12-22 11:52:39 · answer #7 · answered by CT 6 · 0⤊ 0⤋
Just accept it was a gift to him and pay your credit card bill as best you can. You're never getting that money back, and if you do? Then consider yourself lucky.
It doesn't sound like you got anything in writing, therefore he is not legally bound to pay you back.
As Polonius said to Laertes: "Neither a borrower nor a lender be."
2006-12-22 07:22:07 · answer #8 · answered by Jess B 3 · 5⤊ 0⤋
great FREAKING occasion WITH great quantities OF each and everything. do no longer end on the tequila and candies. choose for broke. Get some Dinglebury's to have exciting with. you could dip those 36 C's interior the chocolate Congratulations Lisa. God bless. shrink loose and function some exciting, you earned it
2016-10-18 21:12:39 · answer #9 · answered by ? 4 · 0⤊ 0⤋
I would probably keep in touch with him and not give him any more money until he pays you back. It might be a while, but if it's alot of money he borrowed, it's worth the while. Hope it helps!
Jennifer
2006-12-22 07:23:53 · answer #10 · answered by Anonymous · 0⤊ 0⤋