This was posted on the Dollar Stretcher and just thoutght I would share. My sister did this to me once, cried how she was behind on the mortage (at the time she stayed in my mom's house ) I lent her the money and she never paid me back. It wasn't until I turned 18 and we moved into the house that my mom told me my sister stayed there for 7 years and paid the very first and only mortage payment
(she was late) Can you believe it 7 years rent free and then she had the nerve to file the taxes:
Lesson Learned
As most of us were told, "never a lender nor a borrower be."
However, I stupidly lent money to someone whom I thought I
knew well and could trust. In fact, I loaned two and a half
thousand dollars, as she told me she was going to lose her
home. Four years later, she has failed to honor that agreement
and I now know for a fact that she does not now nor has she
ever owned the home she professed to be about to lose. And I
found out too late that she does have a severe gambling
problem and a problem with telling the truth. I have offered
to support her in her gambling addiction and was laughed at.
I am so deeply saddened that someone I trusted has turned out
to be a person of such little integrity. So little that she
tried to get me to pay for her brother's funeral when he died
recently in a tragic accident. Some people will do anything to
feed their habit.
Please learn from my lesson, and do not lend money to anyone,
regardless of their circumstances. They are adults who must
take responsibility for their own situation. This has been a
horrible learning experience for me. One that I will never
make again.
Lending Money
August 18th, 2006 at 06:36 pm
August 18th, 2006 at 06:53 pm 1155927239
I owe my family some money right now, and it absolutely kills me. I hate being 28 and still relying on the family to help me get through. It may only be $25 a month, but I am doing everything possible to pay them each month.
August 18th, 2006 at 07:32 pm 1155929578
We will only give money to friends and family if the money is really going to make a difference. If it just going to stave off of the inevitable, then we don't. We will however offer to buy groceries, transportation passes, or other similar things that will help out in an emergency, but will not feed an addiction. When these offers are rebuffed, then we know the "emergency" is not that great.
That being said, we did "loan" a young family member money for a downpayment on a house. That family member was stable and had a good job and we wanted him to have an easier time starting out than we did. We knew at the time it would never be paid back, but it was easier for him to consider it a "loan" than a gift. He still has the house, the good job, and now a family. We consider his success payment in full.