Will you lend me money?

by Manshu on July 2, 2009

in Opinion

I worked as a professor in a government college for 25 years; the job was stable, but the pay was not very good. So, about 4 years ago, I moved to the private sector and joined an engineering firm.

My salary zoomed, and for the first time in my life I was able to afford things that I never thought possible before.

I have never been careless with money, but this sudden “wealth” let my guards off a little. Since, I joined the engineering firm at a senior management position; a large part of my salary was in the form of quarterly bonuses.

It made no sense for me to wait for a quarterly bonus and then buy a new TV, or get a new car, when I could use my credit card now, and pay when the bonuses came in at the end of the quarter.

I never had much use for a credit card before the new job, so even though I was working for more than two decades, the lure of credit got to me. I never thought I’d run a large balance, but that is just what I did.

I never thought I’d default on my credit card, but it must have been more apparent to others because some of my friends suggested that I take out credit card insurance (you were one of them). At that time I just laughed it off.

About a year ago, I noticed that my outstanding credit card balance was about as much as my annual salary including my bonuses.

That meant that the minimum monthly balance was so high that it took about half of my monthly salary, just to pay it off.

But, paying the monthly balance isn’t helping much and the debt looms large.

Then about six months ago, my company decided to cancel all bonus payments and since a substantial part of my salary was in the form of bonuses – I am in a really tight spot now.

I decide that it is time to get back to my old thrifty ways, but in order to do that; I need to get rid of the credit card balance first.

I have asked five friends to loan me money so that I can pay off my credit card balance completely. I will repay them slowly every month and when the economy rebounds, I can pay them off a bit quicker, because my bonus will be reinstated.

There is a possibility that I am laid off before the economy rebounds and then repaying will be more difficult and right now I don’t know how I would do that.

Without your help, it is quite likely that I will default on my credit card balance.

Will you lend me money?

Photo Credit: SashaSystem
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{ 14 comments… read them below or add one }

Ancella July 2, 2009 at 7:28 am

Hmm… I think my answer would depend on 2 things….firstly, how close / good a friend you are. If you are just an acquiantance you can forget about getting any loan from me.
If you are a pretty good friend of mine, i will probably end up lending you some amount. Secondly, this amount would be something on the lines that i can “write – off” in case you never get around to repaying me coz of the job / economic situation / or you just forgot :) ; or an amount which i have no problems in you repaying me over the course of some years.

Reply

Mark Wolfinger July 2, 2009 at 12:45 pm

No. Your habits have gotten sloppy and I don’t want to lose a friend over your non-repayment.

Reply

Dividend Tree July 2, 2009 at 8:37 pm

Nope. I would not lend. You are losing because of irresponsible behavior, and no signs of making sincere efforts. You need to demostrate your efforts in going out to find out if you can reduce your debt in other ways, before I think to lending you the money.

Reply

mayank July 2, 2009 at 11:03 pm

Yeah sure !I have very good CREDIT CARD scheme for you Sir.
:D

Reply

rai m May 3, 2010 at 1:17 pm

Dear Mayank,

I was in search of one what you offered. Would u be pleased to give the details of scheme you have?
Thanks

Reply

TIP Guy July 6, 2009 at 6:17 am

Being a friend, yes, I would lend you a partial batch of money, in a hope that you will show your sincere effort. if yes, you may get more, otherwise you are on your own.

Reply

Harry May 8, 2010 at 5:12 am

WE ARE PRAVITE LOAN LENDING COMPANY, WE GIVE OUT AFFORDABLE LOAN TO ALL INTERESTED MINDED,WHO ARE WILLING TO PAY BACK ON TIME. WE GIVE OUT LEGIT AND DIFFERENT TYPE OF LOANS,FOR EXAMPLE,PERSONAL LOANS [SECURE AND UNSECURED]BUSINESS LOANS [SECURE AND UNSECURED]CONSOLIDATION LOANS E.T.C.FOR MORE INFORMATION PLS CONTACT VIA EMAI:harrypotterloanfunds4u@gmail.Com

Reply

Diana January 6, 2011 at 11:34 pm

Hallo Harry,

I am currently a single person living in China. I have been searching for someone who can loan me some money to be able to pay off my loans and credit cards.

I am looking to get a personal loan and hope you can help me soon. I am ready to pay you back on time every month based on the amount we agree on plus interest. I am looking to borrow $8000.

I look forward to hearing from you soon.

Reply

Thomson Clark August 5, 2010 at 7:25 am

Good Day,
Compliment of the day to you all.I am Thomson Clark,a loan lender. I give out loans at a low rate of 6%. What is your situation? Are you bankrupt? Need to arise again? Want to start a business?
Here is an opportunity for you to get a loan today. Email: thomson.clark001@gmail.com

Reply

micheal August 6, 2010 at 4:02 pm

I’m Happy Mr. lims, a reputable, legitimate, Certified, Reliable & an
accredited lender. I loan money to individuals and legal persons in
need of financial assistance. Do you have a bad credit or you need
money to pay bills? I want to use this medium to inform you that I
render reliable beneficiary assistance as I’ll be glad to give you a
loan at 3% fixed interest rate. What does your say about bank with a
loan from them?? Do not be disappointed if they refuse the grant of a
loan. I hate what banks do when customers / consumers are willing to
borrow money, even with valid documents and collateral. I look forward
allows you to serve. Send me an e-mail me in response to my e-mail
micheallimsloancompany@gmail.com and I will do my best to help you in
your bad financial situation.
Regards,
Mr. lims

Reply

Vipin August 26, 2010 at 3:55 am

Hi
Can someone please lend me $4000 within next 1 weeks time, I can repay the same in 10-12 installments. Please neeed this fund immediately please.

Reply

anderson September 28, 2010 at 2:04 am

I’m Happy Mr. lims, a reputable, legitimate, Certified, Reliable & an
accredited lender. I loan money to individuals and legal persons in
need of financial assistance. Do you have a bad credit or you need
money to pay bills? I want to use this medium to inform you that I
render reliable beneficiary assistance as I’ll be glad to give you a
loan at 3% fixed interest rate. What does your say about bank with a
loan from them?? Do not be disappointed if they refuse the grant of a
loan. I hate what banks do when customers / consumers are willing to
borrow money, even with valid documents and collateral. I look forward
allows you to serve. Send me an e-mail me in response to my e-mail
micheallimsloancompany@gmail.com and I will do my best to help you in
your bad financial situation.
Regards,
Mr. lims

Reply

MR BRAXTON January 30, 2011 at 10:13 am

Good Day,

I am Mr. Braxton Leo loan lender, i am a Registered loan lender and my company offer out loan to those who are desperately in need of it without stress and we offer out loan fast and easy so if you are in need of a fast and easy loan, then contact us as soon as possible with this email address: braxtonleoloanlender@gmail.com
So act fast and get back as soon as you can so that we can proceed further.
I am waiting your response soon so that we can proceed further with the loan.
Regards,
Mr. Braxton Leo

Reply

Hagrid February 6, 2011 at 10:28 pm

Attn:

We are a legitimate, reputable Government registered money lender. We are a company with financial assistance. We loan funds out to individuals in need of financial assistance, that have a bad credit record or in need of money to pay bills, to invest on business. I want to use this medium to inform you that we render reliable beneficiary assistance as I will be glad to offer you a loan at 3% so don’t hesitate to apply for a loan because we shall provide you with the best of our service. For more information please contact via email :hagrid_mooreloanfundsltd@live.com

Reply

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