I’m a get it done and get it done NOW kind of girl. Organized? Yeah, that’s my middle name. On time? No, dear, EARLY. I should be the CEO of FedEx. Seriously.
There is this person my husband and I loaned a major amount of money to about 3 years ago. “Sam” was in trouble. “Sam” had overspent on the credit cards and couldn’t pay them off as “Sam” had agreed to do in the contract by the credit card company. So we loaned “Sam” our credit card to pay off the balances. I guess you could say we extended credit to “Sam” through our own credit card. We did this on the emphatic promise that “Sam” would pay it off within 3 months. That was almost 3 years ago. For a long time Rich and I made the payments on that card. This will give you an idea of the amount loaned. The minimum payment is $200 per month. Minimum, folks. I would send in the $200 and then spend that much so it was a wash. That was our grocery money for a couple weeks. It didn’t really hurt and so I didn’t really complain.
However, we can not keep doing that. That $200 isn’t as readily available any longer since we have moved. “Sam” is a slow payer. I send “Sam” an e-mail reminder every month that the payment is due. I usually don’t hear from “Sam”. The next step is that Rich will call “Sam” to get the ball rolling. This last time it didn’t work. I called “Sam” today and told “Sam” that the payment is due by 5:00 tomorrow. If “Sam” didn’t pay us by then we would be in serious crappy doo doo. Finance charges, higher interest rate, late fees, etc. Credit card companies don’t mess around. Neither do I.
If “Sam” wasn’t who “Sam” is then we’d have done something about this. This situation is even a secret from “Sam’s” spouse. If “Sam’s” spouse knew, we’d probably have that card paid off or the balance transferred that very week. I can’t tell you how many times I have been tempted to tell “Sam’s” spouse about this little problem.
I will never… no, really, NEVER loan money again. From now on, if I can’t afford to give it away I won’t agree to “loan” it. Learn this little bit of a lesson and learn it vicariously through me. Don’t make the same mistake. If you can’t afford to give the money away and not expect to ever see it again, then do NOT “loan” it to anyone. When we give $$ now we don’t expect it to be paid back. We’d love for it to come back somehow, but we won’t expect it to. That’s life. That’s people.
The road to hell is paved with good intentions.
Some people just don’t get it.
Some people just don’t know when enough is enough.
Some people just don’t live in reality.
It’s a shame.