My friend just asked me for money to pay his rent or he risks getting evicted. I have the money to cover it. However I was saving this money to pay off a some legal things because I have warrants for my arrest. Should I loan him the money or just say I don't have it and pay my warrant.
2007-10-21 11:46:36 · 6 answers · asked by martyo30 2 in Business & Finance ➔ Personal Finance
If your friend gets evicted, he may lose more than just not having a home, such as his belongings. As a matter of fact, if he needs money, maybe he can sell some. However, you may be able to help him by lending him money without going to jail, as long as you don't completely stop paying the legal fees. If you can't pay in full, try to look like someone who is acting in good faith and paying something but has trouble paying everything. You may get some help and understanding, but only if you seem cooperative and don't just stop paying.
On the other hand, your friend, too, may be able to negotiate a payment schedule that will allow him to keep his apartment. Check the local laws. In some states, eviction can happen quite quickly. In others, any partial payment maintains the lease and eviction can take a while. Regardless, landlords don't want to have to look for a new tenant, so they may be willing to negotiate even if they don't have to.
Your friend can also pay by credit card, if the landlord accepts credit cards, or get a cash advance from a credit card. He should not make a habit out of it but if that prevents eviction and you keep your money, that may work. Or you could lend him money and then use a credit card or a cash advance. It is better if he does it because of the interest, but then, if one of you does not have a credit card, that may be a consideration because it may take some time until you or him get one.
2007-10-21 12:20:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Pay off your warrants, no question. If your friend gets evicted you should offer him a place to stay til he gets back on his feet. You can do more for your friend as a free man/woman than you can incarcerated.
2007-10-21 18:54:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Pay your warrant.
What if your friend cannot repay you? Then you'll be in trouble for your warrant AND out the money.
2007-10-21 18:55:45 · answer #3 · answered by scubalady01 5 · 0⤊ 0⤋
Hmm... If you pay your legal things, that's that. If you give your friend rent money, there's another next month for him to worry about...
I don't know; weigh you options. I would say take care of yourself first but that's just me. And I'm probably just selfish...
2007-10-21 18:55:56 · answer #4 · answered by makingfunnie 2 · 0⤊ 0⤋
You always come first. Even if you had extra funds, never lend it out because you will never get it back. I had an Uncle who lent his brother 50,000 and was told he would pay it back in 60 days and pay him 10,000 for the time. Yes, you guessed it, he never paid him back. Better to be safe than sorry later.
2007-10-21 23:36:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You need to keep yourself out of jail so pay off your legal stuff. If you have room, let him stay with you till he can find another place to live.
2007-10-21 18:54:58 · answer #6 · answered by Diane M 7 · 0⤊ 0⤋