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Call me crazy, but I loaned my PCA $4,000 to buy a new (preowned) car.

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    #16
    He's down to owing $3,700.

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      #17
      I guess you should know after 4.5 years whether he is honorable or not.

      And when you make a personal loan of that amount of money you should consider it gone. a gift.

      What may be worse is losing him as a PCA if and when he becomes embarrassed or whatever, and stops showing up. I think that would be my primary worry.

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        #18
        The problem with loaning money to an aide, similar to having a romantic relationship, is that when this part of the relationship goes bad, it usually irretrievably damages the working relationship and thus you often wind up losing the employee as well.

        I loaned $1500 to an employee and when the payments were set to begin was told she didn't have at all. I got all my money back, but it was an ugly nine-month period that to this day is always foremost in my mind, though I don't know how much in hers. I vowed at that time never to loan money to employees or cross the line into a romantic relationship, though the latter can result in a productive outcome for both, albeit I would venture to say, rarely.

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          #19
          Originally posted by Uncle Peter View Post
          He's down to owing $3,700.

          I'm curious if this represents a partial payment ($200 when he promised to pay $600 per month) or on-time weekly payments.

          Also, are you charging him interest?

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            #20
            I loaned my mother $5k. SPECIFICALLY told here it was a loan, not a gift. Even told here I did not need it back immediately, but I DO NEED IT BACK. I think it is somewhere around 5 years ago. I finally asked her if she was ever going to start paying it back. She claims I told her I did not need paid back.

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              #21
              He's down to $2,700 on the informal car loan. But I will never see $800 I loaned to one brother (who somehow manages to afford a country club membership) or $30,000 in rent that another brother owes me.

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                #22
                If you are not planning on writing off your brother's loan, I'd start calling on the first of the month saying that you could really use the cash.
                Don - Grad Student Emeritus
                T3 ASIA A 27 years post injury

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