if he put it in writing he would pay you back $3k over a year's time?
there's nothing special that needs to go into the writing that we sign is there? we dont have to have it proofread by a lawyer or anything right? anyone have any experience with this?
edit: well the idea is he needs startup money for his car stereo shop. he's been working on car stereos in his garage for some time now, and recently he's struck up a partnership with a body shop garage where he gets to actually have his own store front. he's looking into buying some stock and inventory, so he's got things to show customers when he comes in. thats kinda how he plans to repay me. reason he doesnt go to a bank? younger people might have a harder time getting loans, or at least thats why i think he's asking me
update:
most people i talked to, here on atot and in RL suggested i avoid letting money get between friends. sounded like decent advice.
so i told my friend that i was sorry, but i couldnt bring myself to get involved. and then the sh!t started to happen. so apparently i had given him the impression i was ok with it, and was now counting on the money. understandably, he was a bit irritated since he would be screwed if i didnt loan him. i originally thought i'd be doing the right thing to keep our friendship well, but now it appears whatever i do, there's going to be a rift regardless.
well damn, i think i'm going to need a drink (or ten)
there's nothing special that needs to go into the writing that we sign is there? we dont have to have it proofread by a lawyer or anything right? anyone have any experience with this?
edit: well the idea is he needs startup money for his car stereo shop. he's been working on car stereos in his garage for some time now, and recently he's struck up a partnership with a body shop garage where he gets to actually have his own store front. he's looking into buying some stock and inventory, so he's got things to show customers when he comes in. thats kinda how he plans to repay me. reason he doesnt go to a bank? younger people might have a harder time getting loans, or at least thats why i think he's asking me
update:
most people i talked to, here on atot and in RL suggested i avoid letting money get between friends. sounded like decent advice.
so i told my friend that i was sorry, but i couldnt bring myself to get involved. and then the sh!t started to happen. so apparently i had given him the impression i was ok with it, and was now counting on the money. understandably, he was a bit irritated since he would be screwed if i didnt loan him. i originally thought i'd be doing the right thing to keep our friendship well, but now it appears whatever i do, there's going to be a rift regardless.
well damn, i think i'm going to need a drink (or ten)