Questions tagged [friends]
The friends tag has no usage guidance.
17
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0
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1
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222
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If a personal loan was made in one state, and they now live in a different state, and you live in another state, which state do you file?
I loaned a friend money. He then vanished. 18 years later I found him. He lives in a different state then where the loan was made. I also live in a different state. I know there are time limits, but ...
- 1
39
votes
7
answers
13k
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Best way to get my money back from a friend having family problems
Back in 2018, in June, a friend working in the UK (let’s call him Dave), asked me to lend him money because he has “family problems” mentioning he will return them by August, 2018.
Things did not go ...
- 401
55
votes
11
answers
17k
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Should I take out a loan for a friend to invest on my behalf?
A family friend of mine is an accountant and his company allows him to buy discount shares. He is asking me for $7000 to invest, and we will split the profits 50-50.
I don't have $7000, but I can ...
- 719
3
votes
5
answers
659
views
Co-signer defaulted: Can I take the item back?
My friend bought a bed online and needed help financing it. I agreed under the pretense that I was a "co-signer" on the loan. Turns out I was the actual person taking out the loan. At this time, we're ...
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15
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4
answers
11k
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How much interest should I pay on a loan from a friend? [closed]
I borrowed 500.00 from a friend, several years ago, and want to repay him. Although the subject hasn't come up, it has always bothered me. What kind of interest should I apply to this personal loan?
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1
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257
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Proper etiquette for loans from friends [closed]
I'm not sure that there is a universally accepted "proper etiquette" when it comes to repaying a loan from a friend, but I feel it necessary to be absolutely fair in respect of the time value of money;...
- 13
6
votes
1
answer
3k
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Tax implications of currency exchange between friends?
I am a US and French citizen and have bank accounts in both countries. One of my friends is a Permanent Resident in the US and also has French citizenship, with bank accounts in both countries.
I ...
- 63
2
votes
2
answers
2k
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Accounting for paying bills for (and being reimbursed by) another person
I an currently using Gnucash to manage my expenses. I am new to double-entry accounting and find many aspects of it to be confusing. Here's a situation that currently happens monthly. I'd like to know ...
- 163
10
votes
4
answers
3k
views
What considerations are there for making investments on behalf of a friend?
I've thought of two approaches so far:
Pool their money into my own brokerage account and simply split the gains/losses proportional to the amount of money that we've each contributed to the account. ...
- 423
8
votes
2
answers
3k
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Legal documents required for managing an investment portfolio among friends?
I am considering setting up a personal kind of hedge fund / stock portfolio among friends.
I am trying to figure out what kind of a legal agreement I should have them sign for investing with me to ...
- 223
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3
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279
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give free budgeting advice
Recently some of my friends (separately) asked if I could give them any specific advice or hints for managing their budget by looking at their earning and spending. Should I only dispense the standard ...
- 1,663
44
votes
8
answers
5k
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Should I buy a house with a friend?
To give some background, I currently live with a couple of friends in a 3 bedroom apartment. The living arrangement is good however I'm tired of not building equity. I've tossed the idea out for two ...
- 541
8
votes
1
answer
2k
views
Borrowed money from a friend for my business, & can't pay it back. Got a lawyer's letter. What can happen?
I borrowed some money from a friend of mine for use in my business and I am not able to pay back to him now due to the bad business. Actually, he put the money into my business first and later decided ...
- 81
3
votes
1
answer
718
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loan taken on my friends name for someone else
My friend has taken out loan for his brother in law, and is a guaranteer for two other loans taken on his friend's name. Now he is not paying his EMI, and debt collectors are troubling us. Is there ...
user3325
8
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5
answers
2k
views
How to avoid friends' peer pressure to spend money on shopping & at restaurants?
How to avoid peer pressure from friends to spend money on shopping and at restaurants?
user454