yorkshire terrier:
If this is genuine just say ”look mate I can’t afford it anymore” end of problem.
Years ago we had a driver like this but not wanting hundreds just a tenner here and twenty there,no driver ever got it back until one day I threatened him we had a fist fight in yard and he left the company,on asking the other lads who he borrowed off it added up to well over 2 grand.
I will lend family and close friends that’s it simple.
I’m the black sheep of the family, financially - but I never ask to borrow from them. A matter of pride.
They, of course, have no want for cash, so I get left alone too, although I did lend a personal friend enough to cover his mortgage on one occasion, I think it was when interest rates went to 15% and he was a couple of hundred short in meeting his next month’s ramped-up 4-figure mortgage payment, having had no overtime that month.
I only loaned money to a workmate on one occasion, which was when I still had a credit card with a big limit which a workmate I wasn’t particularily close to wanted to borrow two grand to buy a used car with for his Dad’s dealership. It was a cashflow bridging loan, and I knew his family were good for the cash, in case there was any issues over “Sorry mate, I’m a bit short this week” at a later stage.
This was effectively a “payday loan” well before the days that such things became official and “legit” business, if Usary can ever be considered “Legit”…
My basis for granting this particular guy the short term loan until the end of the week, was that he made it lucrative for me to lend him the money, and I knew his family would and could cover it, if he tried playing any games with me, like running away, and not repaying “cos I had no contract, nothing in writing”. Contracts are worthless - if the original proposer of the contract, has no intention of honouring it. It was done “on the nod”.
Had my best friend at the time asked for even half the amount, I would have turned him down, since I knew that he had no “money on the way” with which to pay the loan back.
If I were a banker - I would only be offering Bridging Loans, and nothing more. Not “payday loans” like in this example, as the vast majority of people are not borrowing from payday lenders to turn a quick profit by the end of the week, but rather are spending it on essential goods, meaning that the money is as gone as if gambled away. It was a calculated risk I took, and he duly paid me back £2200 at the end of that same week cash, which more than covered the £50 cash handling charge the credit card issuer charged me for drawing it out over a bank counter. (Too much for an ATM)
As I once had a job briefly at a merchant bank (Kleinwort Benson pre 1987 crash) - I got to take a look at things like “Loan Books”, and the myriad of ways that credit ratings are calculated - all on Commercial loans, rather than to individuals. Companies wanting to expand might choose to float bonds in their name rather than borrow a fixed cash sum directly from the bank for instance… Bond issues could obtain a cheaper loan rate on a larger amount than borrowing cash BUT the commissions and other set-up fees and requiements - took time to move around across banking desks as it were. Most of the work I ended up doing, was maintaining the VDU systems about the Japanese desk. One back office manager Watanabe seemed fairly impressed by the speed that I got things done for him on request, but the other trading manager Cohen - got me the boot for talking back to him, when he breezed in one sunday whilst I was working on some comms wiring moaning about what a hard life he had being made to work Sundays “for free” because he was on a monday-friday salary. I muttered something derisory to him about “Consider the little people like me who earn in a month what you’re getting paid every week before you moan about having to do a bit of unpaid overtime…” My own direct company boss was duly approached by Cohen to “get rid of this back-chatting upstart or else”… and I offered to resign with immediate effect IF my employer gave me a reference. This turned out to be worth asking for in the end, as it might have prevented me from getting a job at other firms later on, had I done my time in the city “no references”… Now despite this bit of short-shrift treatment, I’ll state at this point that I have never had any bother from the Jewish community, and indeed have been financially mentored by another old hand, that I have to this day nothing but praise for. He was the one who educated me in the art of strategic defaulting, and “how to dump a loss in someone else’s pocket” - the very acme of the Jewish-run banking system. If you can’t beat 'em - join em! Donald Trump - has clearly taken similar advice over the years, and of course - he too - has nothing but praise for the Jewish community, by far the best “Strategists” out there.
As will be evident from my posts above, I am more Antonio to Conor’s Shylock…
