Man, one of my good buddies got fleeced by his now ex-girlfriend. She was definitely a looker and he pretty much said himself he got seduced by her. He helped her pay off her credit card bill which was over $7,000 <-- Like are you serious man??? And she ended up moving in with him and wasn't paying for rent or food or anything for about 18months. Now my buddy makes about $80k a year, which is quite good, but still. She ended up breaking his heart and moved onto another guy, who seemingly had more money.alanbrenton wrote: ↑Feb 7th, 2019 8:29 pmI learned a few lessons:
- Obtain a collateral worth more than 100% of the loan
- Do not trust all women, no matter how cute and affectionate they are. I would trust @angryaudifanatic as an exception as she's been so helpful on RFD.
- Do not lend money to anyone with ill-repute/character or spendthrift qualities because the chances of getting paid back is very low. They can always tap their credit cards, LOC's or even Money Mart.
- Roll with the punches on RFD. Most are just pulling one's leg.
All the best OP. This is coming from a guy who got into a bind, borrowed from families and friends and paid off the obligations. I think character and some decent income / simple lifestyle are the primary determining factors whether debtors intend to pay down their debt.
Personally, I think that was the best thing to happen to him. But, he was crushed at the time.