Reply #23: I would take strong issue with this........... [View All]

[Stuart G]

I once asked a friend to lend me a substantial sum of money, I would estimate about six thousand dollars in today's money measured with inflation. I needed it very badly to pay off a divorce settlement. It was a bridge loan, till my home equity loan at the bank came thru which then took a couple of months. I repaid the loan with interest of 6 per cent, and never asked anyone for substantial amounts or even small amounts since then. And that was over 15 years ago.
,, In addition, the loan was guaranteed, with collateral. worth the cost of the loan. I was in a very bad place. My friend came through and I am still friends with him today. His generosity helped me tremendously....

Yes, some people suck, and some don't. Your line..."i have NEVER had a positive outcome from loaning a friend money and if you care about your friendship and your feelings, he would never put you in such a position........"
is your business.

but it is not all of our business.............Stuart G.