Bailed relative out
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Posted By:
mt on 2008-04-29
In Reply to: advance against paycheck? - anon
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He was sinking deeper and deeper. Getting pay day loan from one place to pay off pay day loan for another place. We finally bailed him out ONLY because I kept a strict eye on his finances, wrote out the envelopes, told him on what day to send what payment, etc. Before I agreed to bail him out I wanted to know what he got paid (take home), what his bills were, etc. He was getting paid enough to pay his bills and have some money left over even after paying me a certain amount each month (he owed me $1800). I said it would take awhile but I didn't want him to be strapped and I told him I was allotting him money to do some "fun" stuff (the guy is 48 years old going on 12). Anyway...after about 2 months the little "you know what" decided to quit his job because one of his "you know what" friends told him he could collect more money through unemployment. Also he was tired of taking the bus to work and having to sit and listen to people and he couldn't sleep on the way to work...the poor baby! So instead he doesn't get rid of the car we told him to get rid of cos he couldn't afford gas and was driving around with no insurance. But he didn't do what we told him to, he quit his job and didn't tell us, and then when I called there they told me he quit 2 months earlier. Talk about being quite a bit "peturbed". I told him I spent at least 2 weeks figuring out his budget and he didn't have the decency to tell me he quit. So, blah, blah, blah 4 years later and he has paid me back $700. I told him if he had held onto his job he would have paid me back and if he saved any of the extra cash coming in he would have at least 25K in a savings account now. Sure wished I listened to the advice my grandfather told me growing up when he wouldn't lend me money to buy a car. He told me - never lend relatives money because they won't pay it back. Talk about hard lessons learned. - oh sorry...that was a totally different rant. I wish all those payday loan places would be shut down. They pray on the needy and people will never get out of it unless they go "cold turkey". Don't know how many times we told brother-in-law he needs to do without something, but he never listens...always self gratification and forget everyone else....oops...sorry again....another rant. P.S. We don't talk to relative very much anymore |
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