Borrowing Money from Family (577 hits)
Category: NoneRating: -1.58 on 28 reviews (Rate this item) (V)
Submitted by m t <mt0868.at.yahoo.com> (View user info) at 2005-04-20 17:59:10 EDT
Below is an email between myself and my older sister, that I had forgotten I saved (for some benign reason..) It reads from the bottom-up, as in all emails.
This all happened because I decided to start my own company and needed some "short term" funds to get thigns ramped up. Believe it or not, the "lender' was my older sister, whose husband makes an ungodly amount of income. We're talking 7 digits annually. So I made the mistake of being a bit overly optimistic about repayment. She did get her money - all of it - this past September. On my birthday I receieved no card from her, but an email simply stating, "Do you think you'lll be able to send the rest before Thanksgiving."
Nice, huh? After reading it I can only summon "Fucking greedy."
=============================================================
----- Original Message -----
From: M xxxxxxxxxx
To: xxxxxxxxxxxx
Sent: Sunday, April 06, 2003 7:59 PM
Subject: Repayment
Adele:
Yes I am certainly going to pay the money. I understand your irritation but please do not think for a minute that I won't. You know me better than that. It is simply taking longer than I expected.
Three deals were to have closed and funded this week, and only one closed. It has been a struggle, to say the least. Damn deals get screwed up by the title company or the lender.....
I have a deal that funds Tuesday, the other closes Monday and funds Friday, and the other one closed Thursday, funding Tuesday the 15th.
Everything (PC) crashed on Thursday nite, and I had to buy a damn new PC. Shitty timing for sure....And I still have not been able to transfer my data from the old to the new. I probably lost a lot, if not all.
The trip to FL was a drive - gas only and stayed for free. I had to get a way for a few days....don't forget that Rich is also still here in this 910 sq ft condo after nearly four months....And now with his 10pm to 7 am job, guess where he has to sleep. It has been a challenge.
Insofar as the cottage, the deposit of $135 was paid via credit card, as I didn't have the cash.
I apologize for taking as long as I have, and I certainly do not want the impression that I am taking advantage of you. This has been a litle more difficult than I expected.. I would hope, however, that you have faith in that I will without question pay you back.
I can just start sending a check here and there instead of trying to save up the whole amount to send to you. The first check will go out Tuesday as soon as I get confirmation of the wire going through. I hope this does not affect our friendship, Adele. This just hasn't been that easy - but you WILL get repaid.
I will send you a total of $3000.00 to make up for the delinquency - it was never my intent for this to take as long as it has.
Having to make three mortgage payments in March (for Feb, Mar, and Apr) also strained things, as did a few other items.
I don't think calling you today to dicuss this would be good because I sense a deal of frustration, anger and maybe a little hostility.
I will call after I put the check in the mail Tuesday (barring any screw ups...)
Thank you for being patient.
Matt
----- Original Message -----
From: " xxxxxxxxxxxxx
To: " xxxxxxxxxxxxxxx
Sent: Sunday, April 06, 2003 7:03 PM
Subject: Re: Enjoy Your Life!
> Matt,
> Please explain to me what is going on ... are you going to pay the $2,500 or not. You didn't e-mail me or call as you indicated that you would. From my stand point I'm wondering what is going on. In October when I first agreed to lend you the money you promised very emphatically that you would pay the money back within a month. The next thing I know you want to hold back paying any money until I say I would at least like half of it at the current time, which was December and already later than what you had previously promised. Then you promised that you would pay the money by the end of the year... That time passed and I said I would like the money by the end of March because we pay real-estate taxes at that time...All of that has passed and I get another e-mail saying you would send $500 but we don't receive it and instead I receive an e-mail saying you didn't send it because you didn't hear back from me. In the meantime, I hear you have gone to Florida and you have booked a cottage for Canada and yet I don't hear anything from you, even when you say you will call me... How do you think I'm feeling right now about agreeing to help you out and sending $5000?
It's apparent to me that I am a low priority in your bill paying schedule. Let me just state that after 7mos.of waiting to get paid, I am very disappointed in how you have treated me. Just because I am family doesnt't mean it's ok to keep putting this off. You agreed to something back in October, and I agreed to lend you the money based on the promises you made to me. I understand that you are trying to get a business up and running but the way I see it you also seem to have money for other things (like the trips) but still seem to delay paying me.
> Adele
> ----- Original Message -----
> From: " xxxxxxxxxxx
> To: " xxxxxxxxxxxxxxxxx
> Sent: Friday, March 28, 2003 8:12 PM
> Subject: Re: Enjoy Your Life!
>
>
> > I just got back too! The 500 wasn't sent, a I didn't hear from you. I
> > figured you were irked that I couldn't pay the whole amount so I
> > waited until one more funding came through (delayed) and my IRS
> > refund.
> > I will call you tomorrow or Monday to discuss.
> > Had fun in FL, except that Bills' son-in-law Robert took a horrible
> > turn for he worse so he and Mom left Thursday, as did I.
> > Becky left today, and I just got home about 21.5 hrs ago...going thru mail - yuck!!
> > Hope you guys had a great trip!!
> > Best,
> >
> > ----- Original Message -----
> > From: " xxxxxxxxxxxxx
> > To: " xxxxxxxxx
> > Sent: Sunday, March 23, 2003 10:31 AM
> > Subject: Re: Enjoy Your Life!
> >
> >
> > Matt,
> > We just got home from spring break and I received your message about
> > paying the $2,500. Haven't received the $500 yet - I'm hoping we don't have
> > another situation where the check got lost in the mail. Do
> > appreciate you being able to pay off the full debt by end of month. ENJOY Florida
> > and give our regards to everyone.
> > Adele
User Reviews
Submitted by CaptainThorns (user info) at 2005-04-21 11:15:47 EDT (#)
Ranking: 0
NEVER EVER borrow money. Especially from family. It's a bad idea.
Submitted by Wazza (user info) at 2005-04-21 04:40:18 EDT (#)
Ranking: 0
Yeh, like....."Will you still love me in the morning,the cheques in the mail,and i promise i wont come in your mouth!" yeh yeh yeh.
Submitted by Ducky (user info) at 2005-04-21 04:26:31 EDT (#)
Ranking: -2
What is wrong with you?
Submitted by shitfuck (user info) at 2005-04-21 00:53:33 EDT (#)
Ranking: -2
Lame.
Submitted by darko (user info) at 2005-04-21 00:38:07 EDT (#)
Ranking: 2
Submitted by chronic_one (user info) at 2005-04-21 00:35:38 (#)
Ranking: -2
...more drivel..
-2 DIE
Submitted by chronic_one (user info) at 2005-04-20 23:16:03 EDT (#)
Ranking: 2
Well screw you for my sharing.
Buncha ingrates.
Submitted by joedaddy (user info) at 2005-04-20 22:33:32 EDT (#)
Ranking: -2
Bye-bye
Submitted by Genko (user info) at 2005-04-20 21:09:23 EDT (#)
Ranking: -2
Your sister is near illiterate.
And you're a fucking bum.
Submitted by j0andre1 (user info) at 2005-04-20 19:36:42 EDT (#)
Ranking: -2
It's a good thing that picture of candy bars was at the bottom, otherwise I would've -4'd this for sure.
Submitted by jgreening (user info) at 2005-04-20 19:28:35 EDT (#)
Ranking: -2
What is this, 11 in one day?
Christ on high...
Submitted by PlaguedByMurphy (user info) at 2005-04-20 19:16:17 EDT (#)
Ranking: -2
Maybe you would make more money if you weren't posting 11 times a day on Uber. Ever think of that little fella?
Submitted by lush (user info) at 2005-04-20 18:59:17 EDT (#)
Ranking: -2
She shouldn't have lent it to you.
Submitted by apollo88 (user info) at 2005-04-20 18:58:06 EDT (#)
Ranking: 0
streak ruined.
Submitted by Feijuada (user info) at 2005-04-20 18:55:07 EDT (#)
Ranking: -2
I had to rate again.
Submitted by chronic_one (user info) at 2005-04-20 18:50:29 EDT (#)
Ranking: 0
Nice Sass, real nice. Encouraging to know that there are still people with a vocabulary from the days of slavery. And BTW, I am caucasian, so there!
To you other idiots - I was not welching. When you are self-employed, commission only, with a brother living with you for free, and having to mamke a 1500 mtg payment, I simply wasn't able to pay it all off in one big chunk.
I offered (though not in that thread) to pay 50 or 100 a month. Her reply was "Can't you just send 500 a month?"
My main point was - You would think family, and in particular one with that much wealth, would provide a little latitude. Saying that I was welching on the debt is incorrect. That happens when you DON'T pay. I did. Just, a litle, slower than I had arranged. All my fault, I know that.
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Submitted by Sassmasterr (user info) at 2005-04-20 18:43:57 (#)
Ranking: -2
fuck you, nigger
Submitted by MoonStone (user info) at 2005-04-20 18:47:18 EDT (#)
Ranking: -2
slow down man
Submitted by Sassmasterr (user info) at 2005-04-20 18:43:57 EDT (#)
Ranking: -2
fuck you, nigger
Submitted by PlaguedByMurphy (user info) at 2005-04-20 18:37:37 EDT (#)
Ranking: -2
This is even more painful than it looks.
-- Homer Simpson
Brother from the Same Planet
Submitted by loki (user info) at 2005-04-20 18:37:15 EDT (#)
Ranking: -2
Submitted by JonnyX (user info) at 2005-04-20 18:03:57 (#)
Ranking: -2
11 posts!
ELEVEN FUCKING POSTS ON ONE DAY!!!
Congratulations dude, you win the Cocksucker of the Month trophy!
Now quit posting, you've won already, relax, relax...
Submitted by MisterCeltic (user info) at 2005-04-20 18:36:39 EDT (#)
Ranking: -2
Submitted by BobLobla (user info) at 2005-04-20 18:10:33 (#)
Ranking: -2
Submitted by dohnuts (user info) at 2005-04-20 18:09:16 (#)
Ranking: -2
She's not greedy; you're a fucking douchebag.
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Submitted by FATMANTPK (user info) at 2005-04-20 18:27:23 EDT (#)
Ranking: -2
Believe it or not, the "lender' was my older sister, whose husband makes an ungodly amount of income. We're talking 7 digits annually.
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So, if someone makes alot of money, its OK to borrow from them then welch on your promise to repay? Try that shit with the bank, pal!
Submitted by stardamage (user info) at 2005-04-20 18:26:16 EDT (#)
Ranking: -2
Doesn't matter how much money her husband makes - you should pay back the money when you say you will. It's not a question of whether she can afford it, you're just being rude by making her wait this long.
Don't expect any favors from her in the future, that's all I can say.
Submitted by Douglas (user info) at 2005-04-20 18:22:37 EDT (#)
Ranking: -2
you suck... big fat rhinoceros cock
Submitted by Feijuada (user info) at 2005-04-20 18:20:10 EDT (#)
Ranking: -2
DIE DIE DIE!
Submitted by BobLobla (user info) at 2005-04-20 18:10:33 EDT (#)
Ranking: -2
Submitted by dohnuts (user info) at 2005-04-20 18:09:16 (#)
Ranking: -2
She's not greedy; you're a fucking douchebag.
Submitted by dohnuts (user info) at 2005-04-20 18:09:16 EDT (#)
Ranking: -2
She's not greedy; you're a fucking douchebag.
Submitted by JonnyX (user info) at 2005-04-20 18:03:57 EDT (#)
Ranking: -2
11 posts!
ELEVEN FUCKING POSTS ON ONE DAY!!!
Congratulations dude, you win the Cocksucker of the Month trophy!
Now quit posting, you've won already, relax, relax...
Submitted by zakalwe (user info) at 2005-04-20 18:03:06 EDT (#)
Ranking: -2
you have posted 11 times today.