 Why does all our money just disappear? |
| Each month we are left further and further in debt. I don't go out, don't visit hairdressers, haven't bought new shoes in 4 years, buy only cheap clothes, plan meals and shop off lists,... |
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 Living on a tight budget? |
| Me and my husband just got married and moved and now he doesnt really have a job and mine doesnt start until January. Neither of us went to college but I still have student loans from the one year I ... |
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 I can't work but do need an income. Am I entitled to any benefit that isn't means tested? |
| I've had depression for most of my life. I gave up work (in a crappy job that made me more depressed) a couple of years ago and my husband supports me. Money is getting a bit tight thanks to ... |
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 Is my bank right to do this? |
They say stores charge them when I use my bank Debit card to purchase goods, so my bank says it will charge me $0.30 each time if I use my bank Debit card at a store.
Can someone answer this? D... |
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 What's a good way for two 11 year old girls to make $400? |
my friend and i want these toataly awesome hair straighteners.
exept we are only 11!what are some odd jobs we could do and fast!... |
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 Can I use money for a student loan to buy a new car? |
| I want to know if a take out a loan in my name can i use it for a new car. If i don't want to go to college anymore?... |
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 My wife and I will be buying our first home soon. Is it better idea to use savings to completely pay off...... |
| Is it a better idea to use savings to completely pay off our credit cards, wipe out our debt, and have a smaller down payment. Or just keep the balances on our cards and save the money for a higher ... |
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 I've lost the key to my moneybox. Please help.? |
| :S.. i've lost the key to my moneybox, any ideas on what i could do to get my money from the box. There are coins and notes in it.... |
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 If someone else deposits into my savings or checking account, is it illegal for the bank to display my balance |
| I would think that by my account balance being displayed in the receipt that the bank gives would be giving away my private info. If it is illegal or wrong what can I do it I find out its happening ... |
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 Bankruptcy or repossession? |
| I have a SUV that I owe 18,000 dollars on. It only blue books for 15,000. We've been to dealerships, nobody will let us trade it in because we have no down pymt and we are upside down on the ... |
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 Is it my responsibility to help pay off parents' mortgage? |
| I recently graduated university and started working full-time. My parents still owe $50,000 in mortgage and now want me to pay off the rest of it. Both of them have jobs, with a combined income of ... |
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 How can I survive? |
| Our montly income is $2,000 and all of our debt from college and credit cards, that we used when my hubby was laid off, and other bills is coming to 1,800 per month.. just minimum payments! I have ... |
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wonder | How much interest to charge coworker to loan him $3000 how long to pay me back? |
My co-worker neededs to borrow $3000 . Not sure what the terms should be. |
 |
 
MISS H
|
NEVER lend money you can't afford to 'give' away! If you're foolish enough to lend it then charge the current percentage rate a bank would charge. I'd lend it for no longer then 12 months. Get everything in writing and have it notarized! Also include fees for any late payments to hopefully steer him/her away from the "something came up I'll have to pay you next week" excuses. If the co-worker can't get a traditional loan you really need to reconsider because there's obviously reasons he/she was denied. If this goes south you could be creating a horrible work environment not only for you but all those around you. |
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thrill88
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My best advice would be don't do it. Anyone with decent credit should be able to get a bank loan in that amount . If they don't have decent credit you don't want to loan them the money anyway. Plus, if they don't pay you back on time you will have to continue to work with them, which could be awkward. |
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robert h
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THIS IS AN EASY ONE. NO TERMS DONT LOAN HIM THE MONEY. IF HE HAS TO ASK A COWORKER FOR A LOAN OF MORE THAN FIFTY BUCKS CHANCES ARE YOU WILL NEVER SEE THAT THREE GRAND AGAIN. |
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src50
 |
Don't do it - you'll be sorry. |
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snck
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Doesn't matter. I give you about a 1% chance of getting your money back to begin with. Forget about any interest. |
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jmd72inva
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My advice? don't do it...if he/she were able to pay a loan back they'd be able to get one through a bank (I know- bad credit stops you from doing that...BUT)
ONLY lend money you can afford to not get back...this has bad news written all over it. |
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ms.kkd
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Only loan money if you get a LEGALLY BINDING document in WRITING stating the terms you two agree to. Trust me, money can turn any relationship sour and it's best to cover your bases, you never know what could happen. |
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BIG JD
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I wouldn't do it! But for fun, I guess you could have he/she sign over the title to he/she vehicle. |
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moonman
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Depends on the purpose. If he can pay it back ASAP that would be best, and you might just charge him something like 8-10%. Personal loans are risky if you extend the term too much, as you have no collateral and are likely not going to be as harsh a creditor as a formal institution.
I would also warn against loaning money to someone who you have a personal relationship such as a coworker as it opens the door to a situation which may cause hard feelings between the two of you. However, it can also be hard not to help out when you see his need. For that reason i might be kinder and charge something more like 5% which you can get if you deposited that money in a CD for that time. |
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Debt Slayer
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Don't do it! You can give a gift, but not a loan. It WILL ruin your friendship and professional relationship. $3000 is just not worth it. Tell you co-worker to sell something or get a second job. |
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GG
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3% and 6-12 months to pay back. at least $300-$500 per month in payments |
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