Don't try to be a good guy when there's absolutely no guaranteed return to you. You're seriously setting yourself up for trouble down the road. No only will he not pay you but he's not going to leave. You'll gain nothing helping this loser. Don't even think about it.
Hmmmm, this is just such a tough call. It's either going to be a great thing you're doing that will help a kid to get out of a bad situation and get a new start in life, or it's going to be a big mistake where you and your family will be bilked out of some money and dragged into some drama you don't need.
The biggest problem here is your not knowing anything about the kid except what he has told you about himself.
The Best Case Scenario - it's all true and he really is a hard-working decent kid who wants to get a start on his own away from his financially irresponsible parents and you can provide him with the help he needs to get that start and you'll end up with a good roommate and the knowledge that you did a good and decent turn for someone when they needed it.
Worse Case Scenario - it's not true and he's just been taught well by his financially irresponsible parents who don't work though they could, don't pay their taxes, know how to work the system and other people to bilk them for money and he's looking to start practicing these skills by finding someone to mooch off of for as long as he can get away with and then leave them holding the bag. You lose the money you loaned him and maybe more when he gives you more sob stories about how he lost his job(s) or had to give his parents money to survive instead of paying you and the rent, you finally get rid of him but get stuck with double rent and have a hard time finding another roommate if you can find one at all.
Middle of the Road Scenario - he really is a hard-working decent kid with the best of intentions, but he is just out of high school and has no background of financial responsibility. He works hard and makes money, but his parents leech off of him ,and being the kind decent type, he gives them money that he can't really afford to and you have to keep helping him financially.
I applaud your motives fuzzy, but keep in mind that you're dealing with a young kid from a risky background. If you really want to take a chance on this kid, sit him down and tell him that you want to help him out, but he's going to have to agree to some terms. Have him sign a promissory note that he will pay back the original loan in reasonable installments on a set date each week or month. Make it clear to him that this is the one and only time you will be helping him out financially no matter what the situation (loss of job, parents needed money, etc.) Work out a budget with him to try to help teach him some financial responsibility and hopefully ensure that he will pay his part of the rent and expenses because he won't be able to come to you for help. Leave the rent between him and the landlord, if he's on the lease that's between the two of them and not your problem. Well, until he gets evicted that is.
Just go with your gut instinct about what you've observed about him so far and how he reacts when you talk to determine whether or not this is feasible.
Good luck!
The biggest problem here is your not knowing anything about the kid except what he has told you about himself.
The Best Case Scenario - it's all true and he really is a hard-working decent kid who wants to get a start on his own away from his financially irresponsible parents and you can provide him with the help he needs to get that start and you'll end up with a good roommate and the knowledge that you did a good and decent turn for someone when they needed it.
Worse Case Scenario - it's not true and he's just been taught well by his financially irresponsible parents who don't work though they could, don't pay their taxes, know how to work the system and other people to bilk them for money and he's looking to start practicing these skills by finding someone to mooch off of for as long as he can get away with and then leave them holding the bag. You lose the money you loaned him and maybe more when he gives you more sob stories about how he lost his job(s) or had to give his parents money to survive instead of paying you and the rent, you finally get rid of him but get stuck with double rent and have a hard time finding another roommate if you can find one at all.
Middle of the Road Scenario - he really is a hard-working decent kid with the best of intentions, but he is just out of high school and has no background of financial responsibility. He works hard and makes money, but his parents leech off of him ,and being the kind decent type, he gives them money that he can't really afford to and you have to keep helping him financially.
I applaud your motives fuzzy, but keep in mind that you're dealing with a young kid from a risky background. If you really want to take a chance on this kid, sit him down and tell him that you want to help him out, but he's going to have to agree to some terms. Have him sign a promissory note that he will pay back the original loan in reasonable installments on a set date each week or month. Make it clear to him that this is the one and only time you will be helping him out financially no matter what the situation (loss of job, parents needed money, etc.) Work out a budget with him to try to help teach him some financial responsibility and hopefully ensure that he will pay his part of the rent and expenses because he won't be able to come to you for help. Leave the rent between him and the landlord, if he's on the lease that's between the two of them and not your problem. Well, until he gets evicted that is.
Just go with your gut instinct about what you've observed about him so far and how he reacts when you talk to determine whether or not this is feasible.
Good luck!
That sounds like someone who is driven. If you can verify he has the two jobs I would lend him the money. Someone who rides a bike 4 miles just to grab a few things from walmart is not going to back down from working their ass off until they get what they want, in his case financial separation from his parents.
It does not sound to me like you've known this guy very long, though you do seem to know a lot about him. That you have not known him long, definately not a good idea to loan him the money, unless you don't mind treating it as a grant.
FYI, Truck driver are in high demand, so there is some other reason his dad is out of work.
EDIT: after further review, reading other's comments and the OP's own responses, your Roomie is trying to con you. Don't ask, don't tell, just boot the bastard. 10 minutes to move in, yeah, because he keeps all his stuff at home. He's not there looking for a place, he's there looking for a sap. Don't be a sap.
FYI, Truck driver are in high demand, so there is some other reason his dad is out of work.
EDIT: after further review, reading other's comments and the OP's own responses, your Roomie is trying to con you. Don't ask, don't tell, just boot the bastard. 10 minutes to move in, yeah, because he keeps all his stuff at home. He's not there looking for a place, he's there looking for a sap. Don't be a sap.
waggy
No Lifer
- Dec 14, 2000
- 68,143
- 10
- 81
yeap i was goin gto say Truck drivers are in demand (have a brother in law that does it and a uncle). there is work if you want it and have a clean record.
they also make decent money. my uncle makes close to $60k a year.
that leaves me to think its a con.
you're all disgusting people.
are you all honestly this frugal? the kid gets deal a shitty hand in life and needs a leg up, and you're all telling the op hes a con? do you all sleep with tinfoil hats on your heads? contrary to popular belief, the world really isn't out to get you.
worst comes to worst hes out 650$... thats nothing. i'd do it in a heartbeat.
the kid rode 8 miles to get pipe cleaners and glue for his girlfriends birthday, you aren't dealing with a conman here. he works a pizzeria midnight to 4 in the morning, WHO DOES THAT?? he gets deal a shitty hand in life and you all insist on keeping him down. please, none of you get into any position of power.
are you all honestly this frugal? the kid gets deal a shitty hand in life and needs a leg up, and you're all telling the op hes a con? do you all sleep with tinfoil hats on your heads? contrary to popular belief, the world really isn't out to get you.
worst comes to worst hes out 650$... thats nothing. i'd do it in a heartbeat.
the kid rode 8 miles to get pipe cleaners and glue for his girlfriends birthday, you aren't dealing with a conman here. he works a pizzeria midnight to 4 in the morning, WHO DOES THAT?? he gets deal a shitty hand in life and you all insist on keeping him down. please, none of you get into any position of power.
RadiclDreamer
Diamond Member
- Aug 8, 2004
- 8,622
- 40
- 91
- Jan 2, 2006
- 10,455
- 35
- 91
UPDATE:
He was out celebrating his girlfriend's birthday last night.
I stayed up as late as I could to wait for him to get back so that I could go over all this stuff with him. Unfortunately, I had already had a really long day and I just couldn't stay awake past 1AM. By the time I woke back up at 9AM, he had already come back and then gone to visit his family for the labor day weekend.
I'm pretty sure I'm going to let him go. There are just some things that he has not dealt with in a smart manner, plus the uncertainty of him being able to maintain payment in the future. Con or not, any small thing that disrupts his ability to pay could leave me high and dry.
When he found that he couldn't pay the large sum of money, he started to avoid the landlord lady. He should at least have paid $350 for August rent.
He was out celebrating his girlfriend's birthday last night.
I stayed up as late as I could to wait for him to get back so that I could go over all this stuff with him. Unfortunately, I had already had a really long day and I just couldn't stay awake past 1AM. By the time I woke back up at 9AM, he had already come back and then gone to visit his family for the labor day weekend.
I'm pretty sure I'm going to let him go. There are just some things that he has not dealt with in a smart manner, plus the uncertainty of him being able to maintain payment in the future. Con or not, any small thing that disrupts his ability to pay could leave me high and dry.
When he found that he couldn't pay the large sum of money, he started to avoid the landlord lady. He should at least have paid $350 for August rent.
dullard
Elite Member
- May 21, 2001
- 26,042
- 4,683
- 126
Sorry, I didn't read the thread, so I may repeat what is said above.
1) He should be clearing ~$1750/month after taxes. He has no credit, so he should have no debt. Where is that $1750/month going? If he can't make $350 for rent out of that money, he clearly has big problems that aren't included in your post.
2) That is a blatant lie about the FAFSA. The FAFSA was meant specificially for people in his situation. And he CAN'T file as an independent, to do so he needs at least one of these:
3) So far we know: (A) he has money issues and it is dissappearing to who knows where, (B) he has nothing so if you sue him for money on that Promisary Note you'd get nothing, (C) he is lying to you, and (D) he can't make his first payments. Now tell me this, why on Earth would you want to lend money to someone like that? No pay = no play.
1) He should be clearing ~$1750/month after taxes. He has no credit, so he should have no debt. Where is that $1750/month going? If he can't make $350 for rent out of that money, he clearly has big problems that aren't included in your post.
2) That is a blatant lie about the FAFSA. The FAFSA was meant specificially for people in his situation. And he CAN'T file as an independent, to do so he needs at least one of these:
It seems like he has NONE of those.
3) So far we know: (A) he has money issues and it is dissappearing to who knows where, (B) he has nothing so if you sue him for money on that Promisary Note you'd get nothing, (C) he is lying to you, and (D) he can't make his first payments. Now tell me this, why on Earth would you want to lend money to someone like that? No pay = no play.
- Jan 2, 2006
- 10,455
- 35
- 91
1. I calculated his pay as around $1575 a month after taxes. $9/hour for the telemarketer job and maybe $7/hour at the pizza place? So about 7hr at $9 and 4hr at $7, for $91/day, $455 a week, $1820 a month, $21,840 a year. After tax income should be around $18,955 according to here, so $1,575 monthly after taxes. He gets paid bi-monthly, so he gets about $790 every two weeks. He's been working for slightly under two weeks, so he hasn't even been paid yet. So all he has at the moment is the money that he moved in with.
2. He probably doesn't know the details at this early point in time, but I'm assuming he's going to have to get a financial aid admin involved when the time comes. His filing as an independent thing is still an entire year off.
3. c. He might not be lying. He might just not have his facts straight. Just a few days ago he didn't even know that personal checks had to clear for a period of a couple of days. He thought it was more or less an instantaneous transfer of money.
d. He can't make his first payments because his first payment is a $1,050 chunk of change, not the $350 that he originally thought it would be.
give him a deadline to pay you back or kick him out. His sob story shouldn't your burden and its rather insulting that he has allowed his financial problems to cross over into your life. he is bad news.
AgaBoogaBoo
Lifer
- Feb 16, 2003
- 26,108
- 5
- 81
I'd get a background check on him, and if it looks ok, I would offer him 1-2 months to get things in line and start paying his portion of the rent.
dullard
Elite Member
- May 21, 2001
- 26,042
- 4,683
- 126
Well then, he should be getting $790 any day now. $400 in hand + $790 = enough to cover the rent. If he can work out a deal with the landlord, then great. If not, I wouldn't cover him if I were you.
If he is 18 now, he won't be 24 years old next year. He won't be filing as an independent then either. He needs to be educated about the FAFSA and how it works. All he needs from his parents is their last year's tax form (and maybe their signature). They are the ones holding him back.
He isn't on the lease yet, and he didn't live there all of August. So there is no way he should pay for August rent. How can you legally have someone pay for it when there was no lease and no written agreement? You said the security deposit can be delayed (and didn't you already pay it? I don't understand why it needs to be paid again.) So, he is left with Sept rent of $350. He has $400. Where is the problem? Let him and the landlord work out the details. Don't you sign anything with him or give him anything. If he isn't mature enough to deal with a landlord, he won't come through on any deals with you.
Just verify that he actually HAS the two jobs. Not hard - just call both places and ask, hey does this guy work for you?
If he does, you can be pretty sure he's not conning you. Maybe he's making bad, inexperienced decisions, but no conman/kid is going to work til 4 in the morning just to get your sympathy. They have better stories that get them more money for less work.
It seems like the issue here is mainly whether or not he deserves the money. Take steps to verify his employment, and if those facts he gives are true, I'd go ahead and help him out. You may lose some or all of the money; but if he is honestly trying to get back on his feet, and you're there to help him make sound financial decisions, I would say it's money well spent.
If he does, you can be pretty sure he's not conning you. Maybe he's making bad, inexperienced decisions, but no conman/kid is going to work til 4 in the morning just to get your sympathy. They have better stories that get them more money for less work.
It seems like the issue here is mainly whether or not he deserves the money. Take steps to verify his employment, and if those facts he gives are true, I'd go ahead and help him out. You may lose some or all of the money; but if he is honestly trying to get back on his feet, and you're there to help him make sound financial decisions, I would say it's money well spent.
honestly im a nice guy and would probably give him the chance but in reality i wouldn't want to. I've learned way too many times that these things hardly ever pan out. Check craigslist for someone looking for somewhere to stay?
BoomerD
No Lifer
- Feb 26, 2006
- 66,275
- 14,693
- 146
Personally, I'd be AWFULLY leery of such a person.
You state you've only known him a couple or weeks.
He has JUST started working at his current jobs. (why?)
He wants to move in without paying his share.
You've stated that he had the money, but gave a large chunk to his parents. (nice of him to help them, but will this continue?)
Granted, if you do such a thing, and give him 2-3 months to pay you back and he doesn't, you won't be out a whole lot, but unless you REALLY can afford to piss away the $500-$1000 that he MAY burn you for, why take the chance?
Altruism all too often is like peeing your pants in a dark suit...it gives you a warm feeling, but nobody else notices...
You state you've only known him a couple or weeks.
He has JUST started working at his current jobs. (why?)
He wants to move in without paying his share.
You've stated that he had the money, but gave a large chunk to his parents. (nice of him to help them, but will this continue?)
Granted, if you do such a thing, and give him 2-3 months to pay you back and he doesn't, you won't be out a whole lot, but unless you REALLY can afford to piss away the $500-$1000 that he MAY burn you for, why take the chance?
Altruism all too often is like peeing your pants in a dark suit...it gives you a warm feeling, but nobody else notices...
- Jan 2, 2006
- 10,455
- 35
- 91
Ah, some misunderstandings.
And for everyone saying trucking is in high demand. They are in Kentucky. Maybe geographic region affects demand? I personally don't know the industry.
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