I loaned a close friend a decent sum of money?

  • Thread starter Thread starter Steven Tanner
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Steven Tanner

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he's since hit further debt and also started being a jerk about the fact I have money available and even suggested I get handed too much for free. I earn every dime and it aggravates me to no end, but he's a closer friend then I've ever known, how do I handle this?
 
Scold him and write off the money you loaned him, if necessary. If he's a jerk as you, yourself say, why are you messing with him?
 
Sit down with him and discuss the loan agreement. Express empathy for the situation he might be in at this time. Write out a time line of when he will be making payments back to you and then make copies so both of you have a record of what the payment plan will be. Then if you have to pursue legal matters you at least can show some evidence that you tried to come to some type of agreement. Make sure you both sign the contracts!!
 
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