But of course I am not doing it. I know better. But I still feel bad because I know that if she asked me that her family must be doing pretty badly. She is married with three children. She told me last week about some debts that she had and she said she owes a deposit of $2000 to pay tuition for her oldest child. My friend feels that the private school is worth it since her child has special learning needs. But $10000 a year seems a bit much for a one income earning family (husband is a firefighter). I don't have kids so maybe I just can't say much on this issue.
So she texts me and asks me how my credit is and that she needs a favor. The favor was cosigning for a 90 day loan. She needs it because they have too many bills at one time right now but they "can definitely repay the loan." My worry is that once the bills are paid, things will get tight again and the loan won't be able to get paid. And then a bank will come looking for me. I am not exactly a high income earner. I told her that I didn't want to cosign anything and that if she needed to borrow a small amount personally, I could do that. That wasn't good enough though. I just can't bring myself to do it. But why do I feel guilty then?
I also feel as if serious mistakes were made financially in their past. They recently got Iphones. I have a $15 dollar phone from walmart. Also they moved in with two roommates originally, one being my friend's aunt. The aunt moved out and now the other guy is there. He is unemployed and does not pay any bills or rent (except for occasionally when he gets the money from his mother.) They should have moved a long time ago and left this guy behind. It's not like he's family or anything. I know I shouldn't feel bad. But when your best friend's family is struggling... I still offered to let them borrow a small amount but my guess is that they need to borrow a few grand. And if that came back on me, I don't know what I would do!
Best friend asked for a cosigner a few days ago...
July 12th, 2009 at 03:03 am
July 12th, 2009 at 04:51 am 1247374317
July 12th, 2009 at 05:37 am 1247377071
July 12th, 2009 at 06:12 am 1247379126
Basselle- That's the part I don't understand. She didn't even attempt to call me and let me know what she was doing on her end to stop the money hemorrhaging. That might have made a person more willing to do it at least. All she did was text me about the loan. I would at least call the person up and talk to them personally. Maybe she was embarrassed?
July 12th, 2009 at 09:02 am 1247389332
July 12th, 2009 at 12:21 pm 1247401264
July 12th, 2009 at 01:05 pm 1247403953
Stay strong. Her problems have nothing to do with you. Just be there to talk, if she needs a shoulder...
July 12th, 2009 at 03:33 pm 1247412821
July 13th, 2009 at 04:49 pm 1247503792
July 13th, 2009 at 06:15 pm 1247508955
September 25th, 2009 at 05:16 pm 1253898963
Jerry