Freindship or money ???

[gn85]

Originally posted by Vector
Hey gn85, I checked user CP and no new Private Messages...

Check under Private Messages itself. Let me know, I can resend.

 

[turbot2496]

I gotta agree with Cutty on the general principal. 3 grand though is a pretty big loan. If the bank wouldn't cover the guy, I doubt I would have. If he got mad and wanted to throw the friendship away over it then at least I would have the 3 grand. In this situation, I guess I would try to collect, but with tact. See if you can get it a little at a time. Tough situation.

 

[Vector]

OK, I shortened the story for the sake of ease, but here is the long story.
I totaled my Harley, the insurance said it was worth $x thousand; my friend coincidentally had a Harley of the same model that wasn’t running. So he asked me to buy the wreck back from insurance and he would pay me for it.
I said OK, the insurance said it would be three thousand dollars, so they gave me a check for $x minus three thousand and the bike. I turned the wrecked bike over to my friend and at that time he said he would mail me a check within the week.
He lives a few hours away; several e-mails of “I will be sending it to you this week” and nothing appears.
We have several mutual friends, some of which know about the transaction first hand, and all of them are like leave it alone and if he pays you, then he pays, otherwise forget it.
So, I appear to be set up as the bad guy among our friends if I press for my money.
By virtue of this board we all have expensive toys, but I doubt any of us are rich enough to just blow off three thousand – I know I’m not that rich.
Thus, I think I have to forget it, lesson learned, and tough noogies.
But, if I have a chance to a favor for a friend again, will I do it? If not, what kind of friend am I, what kind of friendship do I have?
Oh well, chin up, have a good attitude about it, nothing I can really do without screwing myself.

 

[Gary Wells]

Previously posted by Vector:
"We have several mutual friends, some of which know about the transaction first hand, and all of them are like leave it alone and if he pays you, then he pays, otherwise forget it."
I would not blow off $3K bercause a friend, a couple of friends, or several friends say so. I don't care if thery're bad friends, good friends, best friends, or indifferent.
Why did your friends stick up for the person that owes you money over you.
I would be looking for new friends.
I would not take a bashing of $3K lightly.
I would ask for a iou denoting why he has not paid you yet, when can he pay you, and I would set up a payment plan. If he doesn't pay you back by the end of the year, or start paying you back, I would talk to an accountant if it is legal for you to claim that as a loss on income tax. Regardless, I would claim even the interest that you could have made if you had it in an interest bearing account on your income tax as a loss. Then I would head for small claims court. I would not give up without a fight . Otherwise, all of your friends might decide to start hitting you up for money.

 

[Timo]

The only people you should put above money are your kids. Everyone else needs to pay up.