Wednesday, October 31, 2007

Broke ass friends

I'm sure everybody has friends who just can't seem to hold on to money but some of my friends take it to the next level. Now this same girl saw me online again recently and asked for a big favor. I instantly knew her request would be interesting but she surprised me by asking to borrow a couple hundred thousand dollars to fund a project she was trying to get off the ground. She claimed it was a sure thing and could provide me with documents stating that she would be paid upon delivery of her product so that in turn she could pay me back.

First problem with this situation is that my conservative nature makes me the furthest thing from a venture capitalist and she knew this. Problem number few was that I, along with anybody else who read that post on her was painfully aware of her financial standings which still haven't improved much since May. The third problem is that I tend to have to write off a portion of the money I have previously lent friends as there is normally no hope of getting it back.. no matter how small it is.

I asked her if she approached any financial institutions on a business loan and she explained that there was no way she could get one due to her bad financial standing. The answer was clear, no. She offered the title to her car to secure the loan, it made no difference.. what does she expect me to do repo her car when she defaults? lol that isn't risk I would take on but she didn't seem to be too understanding. What I found funny was that in her pitch to get capital from me she mentioned nothing of my return on investment. Reality is a bitch eh? Welcome to to adulthood.

15 comments:

Jdid said...

seems like she has champagne tastes and mauby pockets. lending money is always an iffy thing, might as well just write it off cause its hard to ever get it back

Melody said...

"Champagne tastes & mauby pockets" -- am hearin' that phrase for de 1st time; ah understand de context, but "mauby" new to me. New one fi mi arsenal.

Ann (MobayDP) said...

lol! Who are these people and why on earth do you know them? :-D

jdid : lol! :)

Adrian said...

lol yeah mauby was new to me too.. I wonder how that tastes.

@ann: why on earth do I know them? lol I don't really choose who I am friends with, people just click (or used to)

Jamaican Dawta said...

So if she couldn't get a loan from a financial institution due to her "bad financial standing", did she really expect you to lend her anything, much more a "couple hundred thousand"? Hell-o-o! She need fi sort 'arself out.

GC said...

I'm so mad that she actually asked you this ONLINE!

Crankyputz said...

craziness....the girl thinks ur her sugga daddy

owen said...

wow she has a car? shit man I don't even have a car. How you be broke and have a car?

Adrian said...

lol owen.. shes a girl.

you cant really bat your eyes and have things thrown at your feet like that coz you a man.

Irie Diva said...

struuups show me them man weh will mek mi bat mi eye two time cus dis 9-5 naa work :D

Stunner said...

Mi nuh wrong yuh mi yute! If she can't manage her debt with a financial institution, she certainly won't be doing better with your money. It may just turn out to be a grant to her!

Mad Bull said...

I really don't get people who ask their friends for huge sums of money. The concept is just so weird. Thats what banks are for. Big money loans would only go to family members for me, and certainly not for wildly speculative ventures. Dem crazy!

slybabyk said...

jamaican dawta for real, that right there is brazen. i woulda at least lie cause nobody in their right mind should lend somebody money after them tell them dat! ROFL

owen don't be surprised that she broke and have a car. nuff people over here in the states broke and have big SUV, rims and a flat screen TV... best believe!

gela said...

"a couple hundred thousand" Is she for real? Bad credit and all? chuuups.

Tami said...

I guess because 1 - Your'e her friend and 2) she on your list makes her applicable to ask for a loan. We all have friends like that, the worst ones are the ones who ask even when they know you aint got it.