Would You Accept a Loan from a Friend?
August 30th 2007 15:52
I don’t know about you, but I hate accepting money from other people, or even when people buy me dinner. The only times I don’t argue with them over this are birthdays. (Money is always acceptable as a birthday gift!)
However, many of you know my current tuition situation (and the mini-update). My next plan of action is to put the first $3000 onto the new card and pay a little more than the minimum. Currently, I haven’t found a job, so I want to wait to put the tuition on my card.
When that does happen though, I still owe another $3000 and some odd dollars. The DB has said a couple of times that he’ll be loaning me the money to pay it off, and that I would just pay him back (and therefore not have a crappy interest rate on a private student loan or incur more credit card debt. Yes, DB is constantly amazing like that).
I definitely appreciate the offer, but at the same time, it is very hard for me to accept money from people. I also think that if I did accept it, I would be more focused on paying him back than paying back a higher interest rate loan. Plus, I constantly worry that he’ll need the money as soon as he loans it to me.
Like I said before, my plan as it stands now is to put $3000 on the new card, and then come late November or early December ask for another credit limit increase and hopefully be able to put the other $3000 of my tuition on there as well. (It’s 0% until next August).
What would you do? Would you take the loan from a friend or stick with putting it on the new card?
However, many of you know my current tuition situation (and the mini-update). My next plan of action is to put the first $3000 onto the new card and pay a little more than the minimum. Currently, I haven’t found a job, so I want to wait to put the tuition on my card.
When that does happen though, I still owe another $3000 and some odd dollars. The DB has said a couple of times that he’ll be loaning me the money to pay it off, and that I would just pay him back (and therefore not have a crappy interest rate on a private student loan or incur more credit card debt. Yes, DB is constantly amazing like that).
I definitely appreciate the offer, but at the same time, it is very hard for me to accept money from people. I also think that if I did accept it, I would be more focused on paying him back than paying back a higher interest rate loan. Plus, I constantly worry that he’ll need the money as soon as he loans it to me.
Like I said before, my plan as it stands now is to put $3000 on the new card, and then come late November or early December ask for another credit limit increase and hopefully be able to put the other $3000 of my tuition on there as well. (It’s 0% until next August).
What would you do? Would you take the loan from a friend or stick with putting it on the new card?
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