I’ll explain later if I can, but always. put. everything. in. writing. Handshake or verbal agreements that involve money or services promised are stupid. Even if it’s between ‘friends’. Me stupid.
Always Put Everything In Writing!
April 17, 2006 By 17 Comments
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Yes, some lessons like that are learned the hard way. I had that problem with a former roommate and I learned that you can’t trust other people’s words. That lesson cost me close to two grand.
uh oh, story that starts w/ warning like these never end well.
I learned this one the really hard way a few months ago when we bought our house. When we were shopping for our last apartment, we told the management “we’re going to be house shopping and may need to move out before the end of the lease. Will it be possible to get out early?” We were told “oh, I’m sure we can work something out.” End of December, we had a closing date of 1/9/06, and suddenly “we can work something out” became “no can do, absolutely not.”
3 months of paying for 2 places to live sucks.
Ah, you’ve been slapped with reality!
Welcome to the big leagues. 🙂
These are the types of mistakes you will only make once, so don’t worry too much about it (but don’t forget about it either).
-Grant
ooh. I hope this isn’t going to cost you too much more than some wounded pride.
People at work hate me. I am so busy that I always ask them to send me things by email so I don’t forget to do it. But it’s also because if they put their requests in writing, I can’t eff up my deliverables because it’s what they asked me for in writing.
They do say that you will never really make it, unless you have been burnt.
Contracts are there for a reason, you only need them when it all goes wrong!
To paraphrase Office Space, learning things the hard way is the suck. 😉
Let’s hope this just results in a headache instead of a hit to the wallet.
The best way to learn is by experiencing. I learned that the hard way. Like Nubricks said, “let’s how this just results in a headache..”
To what make you think written down agreement is more secure? I see people break off written contracts all the time.
Well, the main reason is that it avoid any chance of a misunderstanding. That is the main problem with my issue.
Another important thing after getting things in writing, remembering where you put it, and putting it in a safe place for later.
Another lesson learned.
yeah i had the same experiece with a friend of mine. Loaned him 5k (apparently to pay off his delinquent cell phone bills). Luckily I got two post dated checks for $2500 each to pay me back. He tried to renege on his original promises but the personal checks bouncing would have put him in legal difficulties. Money recovered, but one friend less. Oh well I suppose with friends like that, who needs enemies.
Twenty grand in student loans borrowed from the grandparents, who swore an 8-year repayment plan at 3 points is totally fine. Now it’s been requested that I take out some lump-sums from credit cards to pay that loan off NOW. Oh, yeah, I’m apparently also an asshole because I’m “living large” and driving a Mercedes (22 year old diesel). Always put everything in writing. No exceptions. And don’t ever borrow from family.
First I learned the “don’t lend to friends without a promissory note” lesson.
Then I learned the “don’t move in without a lease” lesson.
I hope I’ve gotten the point by now.
Never loan money to friends even in the worse situations unless you plan on not seeing it for quite a while. I have two loans outstanding one for 1K and the other for 8.5K. They start out good first with on and off payments but then lapse. The excuse is that I totally forgot about. In which my response is how about if I forgot to loan you the money to begin with. There is a great quote stating that “consistency is the hobgoblin of small minds.”
Oneil, consider this. If your friend needs a loan to pay his bills, how could he have the money to repay his loan to you?
Glad you got your money back though.
I don’t know about you guys, but I’m REALLY curious to know what happened!