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Mostly repaid

August 5th, 2014 at 11:37 am

Against my better judgment, I loaned a friend of mine $5000 last year. For me, it's no small change, and this friend of mine isn't exactly the best at finances, or else, he would not be asking me for a loan in the first place.

However, I know he's solid, and would pay it back eventually. Well, he finally did, as promised, one year later. Mostly.

Yesterday, I received a letter containing a check for $4000 and a thank you note. This is all he could repay at this time, and I told him not to sweat it. I am certain he will pay back the last $1000 in time.

Yes, I know this was a very risky move. In fact, I had pretty much wrote it off that I've lost the $5000. Except for this one time, I normally do not loan money out to anyone, especially friends. Because I know it can ruin friendships.

Either way, at least I got most of it back yesterday, which gives me a nice boost to my bottom line.

Posted in Uncategorized | 2 Comments »

2 Responses to “Mostly repaid”

  1. creditcardfree Says:
    August 5th, 2014 at 12:59 pm 1407243571
    1407243571

    Glad most of it was returned. I'm sure he felt the need to repay the $4K rather than wait for the last $1K. He must have figured something out along the way to have come up with the money. Maybe his respect for you was a motivating factor. Smile

  2. snafu Says:
    August 6th, 2014 at 12:24 am 1407284671
    1407284671

    Wonderful to get a major payment on a loan you had already emotionally written off. I hope friend is able to get the balance paid in a reasonable time frame.

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