SMS Request for Money

[Karu]

What if someone (not close friend) sms u to for a loan, requiring u to wire $XXX into his acc XXX-XXX-XXX? Reason being he needed quick cash to settle some issue. Amount is normally 3 figure usually < $500. How will u react?

 

Myself & some others have encountered this from different people. But I normally will ignore or brush them off. I find these buggers are just trying to pull a fast one. Send to multiple people hoping that they'll be successful with some kindhearted soul that will buy their stories. I feel if they are really desperate & have real need for money, they should sincerely call personally to ask for a loan.

Edited February 15, 2011 by Karu

[Rainbowbiatch]

1st time, reply "no money, sorry".

2nd time, reply "no money, sorry".

3rd time, ignore.

[Acemundo]

no need be sentimental. if this friend has not earned your friendship in the past, why lend?

 

most times such people treat you like a life buoy and latch onto you only when they need you to survive.

[Gearoil]

All I can say is...TS have been mixing with some 'wrong kind' of ppl.

[Beehive3783]

  On 2/15/2011 at 7:01 AM, Acemundo said:

no need be sentimental. if this friend has not earned your friendship in the past, why lend?

 

most times such people treat you like a life buoy and latch onto you only when they need you to survive.

That's right. I remember an acquaintance asking to borrow money from me. I just said I don't lend money to others. End of story.

Edited February 15, 2011 by Beehive3783

[Acemundo]

to me, friendship is still like any other relationship - both party need to invest time and effort.

 

one sided investment never works.

[The_Bear]

  On 2/15/2011 at 7:03 AM, Beehive3783 said:

That's right. I remember an acquaintance asking to borrow money from me. I just said I don't lend money to others. End of story.

 

acquintance are easy to turn down. It is the friends, relatives or colleagues that you hang out with that is difficult to reject cos you kindof see them every other day.

[Beehive3783]

  On 2/15/2011 at 7:09 AM, Acemundo said:

to me, friendship is still like any other relationship - both party need to invest time and effort.

 

one sided investment never works.

Yup.. agreed.

[Beehive3783]

  On 2/15/2011 at 7:18 AM, Bavarian said:

acquintance are easy to turn down. It is the friends, relatives or colleagues that you hang out with that is difficult to reject cos you kindof see them every other day.

I very straightforward, I just reject outright or just say I don't have money to lend. Had a bad experience before so never again. Took me a few years to recover that loan.

[Watwheels]

  On 2/15/2011 at 7:03 AM, Gearoil said:

All I can say is...TS have been mixing with some 'wrong kind' of ppl.

Could not agree more on that.

[Karu]

  On 2/15/2011 at 7:03 AM, Gearoil said:

All I can say is...TS have been mixing with some 'wrong kind' of ppl.

 

The thing is these are the people I hardly mixed with. They are people from work place & have no personal dealings with.

[The_Bear]

  On 2/15/2011 at 7:21 AM, Beehive3783 said:

I very straightforward, I just reject outright or just say I don't have money to lend. Had a bad experience before so never again. Took me a few years to recover that loan.

 

If the amount is small, then if I say "no money" then I will be accused of lying. If I refuse to lend, then I'll be accused of "not helping". Generally, if asked, it just puts you in a no-win situation.

[Timex1441]

SMS? Not even the decency to ask thru phone or face-to-face meetup?

[Karu]

  On 2/15/2011 at 7:21 AM, Beehive3783 said:

I very straightforward, I just reject outright or just say I don't have money to lend. Had a bad experience before so never again. Took me a few years to recover that loan.

 

This kind of money is normally irrecoverable.

 

Either that or they will borrow small amounts & return timely to build up their good credit record, then borrow a large amount & disappear. Conman tactics...

 

[Beehive3783]

  On 2/15/2011 at 7:29 AM, Bavarian said:

If the amount is small, then if I say "no money" then I will be accused of lying. If I refuse to lend, then I'll be accused of "not helping". Generally, if asked, it just puts you in a no-win situation.

It doesn't matter actually. If a friend can actually accuse you of that, then it's better off not being friends. Everyone have their own limitations. Small amount to you might not be small amount to me right?

[Beehive3783]

  On 2/15/2011 at 7:34 AM, Karu said:

This kind of money is normally irrecoverable.

 

Either that or they will borrow small amounts & return timely to build up their good credit record, then borrow a large amount & disappear. Conman tactics...

Yup.. that's why I rather not lend any money at all.

[Watwheels]

  On 2/15/2011 at 7:25 AM, Karu said:

The thing is these are the people I hardly mixed with. They are people from work place & have no personal dealings with.

Go to your office toilet cubicle and scribble on the wall, "I need $XXX urgently, willing to get down on my knees for a quick fxxk, my account number XXX-XXX-XXX-X, yours truly ________(colleague's name & number)".

Edited February 15, 2011 by Watwheels

[The_Bear]

  On 2/15/2011 at 7:34 AM, Karu said:

This kind of money is normally irrecoverable.

 

Either that or they will borrow small amounts & return timely to build up their good credit record, then borrow a large amount & disappear. Conman tactics...

 

I've been thinking about it. If a friend ask for a large amount i.e in the thousands of loan. Asking me to trust him that he will return the money. What if I ask him to acknowledge an IOU for twice the loan amount. Eg if loan amount is $6000, then he signs an IOU for $12000. Asking him in return to trust me with the same amount of money. If he swee swee return the $6000, then I will tear up the IOU. If not, I can try to recover it legally with the IOU the whoel 12k.