Neither borrowers nor lenders nor both be ....

[James Ang]

One of my worst experience many years ago is that a friend who is a junior to me asked me to lend him $500 and promises to return it in a few days time. I asked why he needed the money and he confessed that he wanted to lend to his long-term friend who needed $2000, and he was short of $500. My friend claimed that his friend would return the money in a few days and then he would return the money back to me. I sternly told my friend that my loan was to my friend directly and I didn’t want to pursue third party in case this loan to his friend couldn’t be retrieved. My friend understood, the whole arrangement. As I predicted, his friend conned him and disappeared into thin air. Then my friend finally admitted that he knew that "long-term friend" for a few weeks only and that con-man sounded reliable because he carried credit cards and claimed to be an oil executive. Of course I didn’t get the money back from my friend, but we are still friends now. Friendship is worth more than $500, and what’s more he was conned by a highly sophisticated fraudster who used a false name and false details. My friend paid a price for his mistake and learnt a lesson that he would never forget. I learnt something too.

[autumnbronze]

James Ang:

One of my worst experience many years ago is that a friend who is a junior to me asked me to lend him $500 and promises to return it in a few days time. I asked why he needed the money and he confessed that he wanted to lend to his long-term friend who needed $2000, and he was short of $500. My friend claimed that his friend would return the money in a few days and then he would return the money back to me. I sternly told my friend that my loan was to my friend directly and I didn't want to pursue third party in case this loan to his friend couldn't be retrieved. My friend understood, the whole arrangement. As I predicted, his friend conned him and disappeared into thin air. Then my friend finally admitted that he knew that \"long-term friend\" for a few weeks only and that con-man sounded reliable because he carried credit cards and claimed to be an oil executive. Of course I didn't get the money back from my friend, but we are still friends now. Friendship is worth more than $500, and what's more he was conned by a highly sophisticated fraudster who used a false name and false details.

Well, you are quite fortunate that your friend told you the truth. He could have easily lied and said it was for himself and then your money would have :moneyflies:.

Sometimes its really not that tough to draw the line ....

ps actually its half truth, since the long term frd was in fact a v v short term frd.

[tankee]

what if the borrower is your boss or immediate superior who can does your performance appraisal or has the power to fire you?

[jedamum]

tankee:

what if the borrower is your boss or immediate superior who can does your performance appraisal or has the power to fire you?

i will say, i ask my husband and then said he say cannot.

[autumnbronze]

tankee:

what if the borrower is your boss or immediate superior who can does your performance appraisal or has the power to fire you?

Good question tankee Sensitive treading ground here.

I have personally never been in this situation before.

But I suppose it depends on the circumstances ie how well you know him, how big is the loan amt etc... I will subtly try to direct him to relevant avenues and he gets my hint

Somehow, though if I am the boss, I would feel somewhat uncomfortable asking money from my subordinates. The issue of respect and keeping personal life separate from work .. u know what I mean.

Any experiences on that?? Never heard of it. Usu its the other way ard, I would think.

[tankee]

I used to report to a guy who borrowed and never returned. Luckily he did not borrow money but items like laser pointers, stationaries, etc

[autumnbronze]

tankee:

I used to report to a guy who borrowed and never returned. Luckily he did not borrow money but items like laser pointers, stationaries, etc

:faint:

[corneyAmber]

Generally I prefer not to borrow but I am also pragmatic in certain situations, eg.performing costumes.


If I do borrow, I will take good care and return the item with a gift to the person.

If I do lend, I will see if the person is \"ngeow\" like me, i.e. the person will take good care.

So far no one has come to me to borrow big amounts because:
1. I don't look rich enough
2. I probably don't have
3. People around me are all richer
:lol: :lol: :lol:

[autumnbronze]

ks2me:

Generally I prefer not to borrow but I am also pragmatic in certain situations, eg.performing costumes.


If I do borrow, I will take good care and return the item with a gift to the person.

If I do lend, I will see if the person is \"ngeow\" like me, i.e. the person will take good care.

So far no one has come to me to borrow big amounts because:
1. I don't look rich enough
2. I probably don't have
3. People around me are all richer
:lol: :lol: :lol:

ks2me,

You can borrow from me ANYTIME :lol:

[corneyAmber]

autumnbronze:

ks2me:

Generally I prefer not to borrow but I am also pragmatic in certain situations, eg.performing costumes.


If I do borrow, I will take good care and return the item with a gift to the person.

If I do lend, I will see if the person is \"ngeow\" like me, i.e. the person will take good care.

So far no one has come to me to borrow big amounts because:
1. I don't look rich enough
2. I probably don't have
3. People around me are all richer
:lol: :lol: :lol:

ks2me,

You can borrow from me ANYTIME :lol:

Sure!