computerguy103
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I realise other people are cautioning you on the possible effect on this friendship, but let's be practical here...
First of all, if your friend is willing to loan you the cash, you ABSOLUTELY DEFINITELY MUST KNOW that you'll have the money to be able to pay him off on a regular, prearranged schedule.
If you pay it off yourself, you'll be paying very high interest rates. I assume your friend will give you a break here? Is your friend is willing to loan you the money at no interest?
I don't know what interest rate your credit card charges, but at 14% you'd be paying $94.22 extra and at 19% you'd pay $130.53 extra in interest on a $2000 balance. (Well, something close to that... my accounting skills aren't as good as they probably could be.) |
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tryingmybest79
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Just pay visa. Seriously.
Money + Friends = Tension
You might even be able to work something out with VISA if you agree to automatic withdrawl. |
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Sadie G's Crazy See
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Pay $300 a month. Stuff like that you should keep out of friendships, at least in my opinion. |
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Karen B
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You should not borrow money from friends or relatives. But, you must pay your credit "on time" no matter what cause its hard to rebuild a good credit rating. |
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woody
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stay away from borrowing from friends - especially those you want to remain friends with. |
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STEVEN F
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kodiak said:
Never borrow money from friends. I'm not saying it will, but it can turn bad.
I AM saying it WILL go bad. The borrower is slave to the lender. You are NOT friends with your master. |
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Jennifer
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Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://creditsolution.ez-mart.biz |
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Smilin'Bob_ The Enzyte Guy
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Pay it to Visa.....you are being charged interest on that debt up to 20+%..... OR MORE... |
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kodiak2777
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Never borrow money from friends. I'm not saying it will, but it can turn bad. |
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john P
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If you wanna keep him/her as a friend don't borrow $$. |
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elmarko99
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if you have a friend who is willing to lend you it do that but realise that your friendship could suffer if you don't pay back when asked. borrowing from a bank avoids these risks obviously but will cost you more, depending on how long the borrowing period is. |
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27ysq
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if you can borrow from a friend it would look better. you just have to make sure you pay him back. i once lent a friend soome money, and his folks paid me back because he didn't have the wherewithall to earn it. |
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punk_rawk_grrl
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What's the interest rate on the credit card? Let's say it's 18.9%. Paying $300 per month means it would take seven months to pay it off and you'd pay $104.49 in interest. If the friend isn't charging you interest, you'd be saving that amount of money.
If your friend really can easily afford to loan that to you then I would definitely accept the offer. But do so with a signed promissory note and date that you will pay him every month. This will ensure him you intend to make good on your promise and will also HOPEFULLY prevent you from becoming a jerk and NOT paying him. If you have any doubt in your mind that this will put a burder on your friendship - or that your continuing to work is questionable - then DON'T accept this offer. $104.49 isn't worth losing a friendship over. |
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