So, I loaned my Dad $3,000.....

Megamorph

Senior member
Nov 25, 2001
568
0
0
When I was a kid (I'm 29 now), my Dad was never a big part of my life. He and my Mother were separated a great majority of the time and he never made much effort to be a part of my life...despite the fact that I was a star baseball player who played all the way through college. He never even attended one of my games my entire life and I played every year from age 5 to 22. He was also the kind of guy who wasn't going to make any sacrifices for me. I am his only child. My parents divorced when I was 16.

We never had a bad relationship, but it was never great either. I think I always resented him a little and he resented me for it.

Not being the type to hold a grudge, I have always tried to put our differences aside and enjoy our relationship. I have always really wanted to have a good relationship with my Dad...and I think he has always felt the same way as long as it didn't require too much effort on his part.

My Dad has always been a blue collar guy who typically earned $40-50K/year. Well, several years ago, he married a woman who was 13 years younger than him. He was head-over-heels in love and his life revolved around her. He eventually took a job which paid less so he could spend more time with her. Shortly thereafter, they started having financial problems and couldn't pay their bills.

During this financial crisis, my Dad came to me and asked me for $3,000 to catch up on his mortgage. Wanting to be helpful and a good son, I loaned him the money; however, I did make it clear to him that it was a loan and that I had a hard time believing that he would be able to repay. He assured me that he would pay me back in full within 6 months.

He paid the mortgage company the $3K that I loaned him, but he never paid another dime to them b/c a short while later, his wife left him for a younger man. His home was foreclosed on.

Obviously, my Dad's life has gone from bad to worse. He has pretty much lost everything he owns from the recent divorce and he isn't trying to make things better. He just wants to sit around and be depressed b/c his wife left him. This has been going on for over a year now. He has bounced around from job to job.

It has now been 2 years since I loaned him the $3,000 and I have yet to see any of the money back. In fact, he has never even mentioned it since the day I loaned it to him.

How should I handle this? Should I just write him and the money off?
 

Gyrene

Banned
Jun 6, 2002
2,841
0
0
You have a contract? No? You're sh|t out of luck. At least, AFAIK. I never would have loaned him the money <--- Monday morning quarterback.
 

PowerMacG5

Diamond Member
Apr 14, 2002
7,701
0
0
Well, if you don't care about continuing a relationship with your father, maybe small claims court?
 

Dissipate

Diamond Member
Jan 17, 2004
6,815
0
0
Take him to small claims court. Obviously he wasn't any kind of a father so you shouldn't give him any special treatment.
 

Ionizer86

Diamond Member
Jun 20, 2001
5,292
0
76
It would be kind to write it off, but hey, see how his situation goes. It's up to you in the long run.
 

JoeKing

Lifer
Oct 9, 1999
10,641
1
81
try to set somthing up with him where he pays you a little every month.

--edit--
If he has an obligation such as paying you a little every month then perhaps its just the motivation he needs to get his life going again. So it's a win win situation. You get your moola, he gets some motivation.

Just bring the subject up. If you let him off the hook you'll be thinking about it in the back of your mind for the rest of your relationship.
 

slycat

Diamond Member
Jul 18, 2001
5,656
0
0
just write it off.
the karma u earn for this is worth far more than the money...and it seems ur not
depending on the $3k to survive so just be kind so u may receive kindness one day too.

however, if u wanna earn more Jesus points, besides foregoing the money...
i would personally go down and kick him awake and get him the fvck going again.

my 2c.
 

MaxFusion16

Golden Member
Dec 21, 2001
1,512
1
0
forget the money, material wealth can not buy you happiness. it doesn't matter what he did or didn't do, in the end he is still your dad, do u want to see him live the rest of his life a broken man? If i were you, i would promptly call him and tell him not to worry about the money. He may not have been a good dad to you, but as a son you should help him.
 

bcterps

Platinum Member
Aug 31, 2000
2,795
0
76
Bring it up with him and ask him what he's gonna do about it. His answer to that should answer the questions you have.
 

BigJ

Lifer
Nov 18, 2001
21,335
1
81
To me it really depends. You said your dad used the money for his mortgage. But does he have any bad habits? For example, gambling, alcohol or drug addiction, etc that would cause him to lose money? If so I'd make him pay it back big time.

But if your dad is an honest guy(which he sounds like), who is just down on his luck, give him some time, maybe set up a small payment plan for him; $50 a month, $100 a month, whatever he can afford. It's better to get that little then never seeing a dime. In the end, your family is the only thing you'll have left besides yourself.
 

Joker81

Golden Member
Aug 9, 2000
1,281
0
0
I was so tempted in making. a parody thread.

My son loaned me 3,000 and I don't want to pay him back.


This is a tough one. I think you should ask for it back. An interest free loan is good. but not paying it is bad. I mean if he cared for you at all he wouldn't try and avoid paying you. He is trying to get out of it. And if he gets mad that you want it back then you know it was all for the money. He shouldn't be pissed but he probably will be.
 

fumbduck

Diamond Member
Aug 21, 2001
4,349
0
76
Originally posted by: lowtech
Originally posted by: gsaldivar
Originally posted by: WinkOsmosis
I think you should write it off.
Be glad that you still have a dad.

How do you seriously know what you are talking about? I'd rather NOT have a dad then have a lowlife chum who helped me in no way through life, then when I helped him, he just spat in my face with it.

Be glad you're a fvcking idiot.
 

GoodRevrnd

Diamond Member
Dec 27, 2001
6,803
581
126
I'd make at least some solid attempt at recovering the money, and then when you're unable to you should be able to use it as a tax write off for a loan in bad faith.
 

Megamorph

Senior member
Nov 25, 2001
568
0
0
No, thankfully he doesn't have any bad habits that I know of...other than being a horrible money-manager.

It just angers me b/c I think he knew that he could never (much less in 6 months) repay that much money when he borrowed it.

I also get angry thinking back to when I was a kid and needed money for my first car, prom, etc. and he didn't help.
 

gunblade

Golden Member
Nov 18, 2002
1,470
0
71
Originally posted by: fumbduck
Originally posted by: lowtech
Originally posted by: gsaldivar
Originally posted by: WinkOsmosis
I think you should write it off.
Be glad that you still have a dad.

How do you seriously know what you are talking about? I'd rather NOT have a dad then have a lowlife chum who helped me in no way through life, then when I helped him, he just spat in my face with it.

Be glad you're a fvcking idiot.

Well, everyone has their own value system and therefore form their perspective in viewing stuff.

Fumbduck, you can always disagree with someone and has your own view, but resort to insulting other is a really low way to strengthen your point.
 

oniq

Banned
Feb 17, 2002
4,196
0
0
Originally posted by: slycat
just write it off.
the karma u earn for this is worth far more than the money...and it seems ur not
depending on the $3k to survive so just be kind so u may receive kindness one day too.

however, if u wanna earn more Jesus points, besides foregoing the money...
i would personally go down and kick him awake and get him the fvck going again.

my 2c.

These Jesus points are intriguing, can you explain them to me? Thanks!
 

dafatha00

Diamond Member
Oct 19, 2000
3,871
0
76
Hmm..tough decision. I wouldn't ask for it back. If he's doing badly financially, it'll probably make your relationship much worse.
 

fumbduck

Diamond Member
Aug 21, 2001
4,349
0
76
Originally posted by: gunblade
Originally posted by: fumbduck
Originally posted by: lowtech
Originally posted by: gsaldivar
Originally posted by: WinkOsmosis
I think you should write it off.
Be glad that you still have a dad.

How do you seriously know what you are talking about? I'd rather NOT have a dad then have a lowlife chum who helped me in no way through life, then when I helped him, he just spat in my face with it.

Be glad you're a fvcking idiot.

Well, everyone has their own value system and therefore form their perspective in viewing stuff.

Fumbduck, you can always disagree with someone and has your own view, but resort to insulting other is a really low way to strengthen your point.

What? I was telling him to be glad he was an idiot, I think that the compliment and insult cancel out, so it's just a comment. I don't see how he can even say "Be glad that you still have a dad" when he doesn't even know the guy, know how he was raised, or anything.
 

gunblade

Golden Member
Nov 18, 2002
1,470
0
71
Originally posted by: fumbduck
Originally posted by: gunblade
Originally posted by: fumbduck
Originally posted by: lowtech
Originally posted by: gsaldivar
Originally posted by: WinkOsmosis
I think you should write it off.
Be glad that you still have a dad.

How do you seriously know what you are talking about? I'd rather NOT have a dad then have a lowlife chum who helped me in no way through life, then when I helped him, he just spat in my face with it.

Be glad you're a fvcking idiot.

Well, everyone has their own value system and therefore form their perspective in viewing stuff.

Fumbduck, you can always disagree with someone and has your own view, but resort to insulting other is a really low way to strengthen your point.

What? I was telling him to be glad he was an idiot, I think that the compliment and insult cancel out, so it's just a comment. I don't see how he can even say "Be glad that you still have a dad" when he doesn't even know the guy, know how he was raised, or anything.

You don't see how he can say that because you have never been in his place, just like he has never know OP and OP's father.

Well, in my value system, father has a special place in my heart that material substance like money can never replace. I will never see my father sink while I am having extra in my bank waiting for me to find way to spend.

Fumbduck, you said you would rather not to have that kind of father?
If only people have choice to choose who to be father....

 

fumbduck

Diamond Member
Aug 21, 2001
4,349
0
76
Originally posted by: gunblade
Originally posted by: fumbduck
What? I was telling him to be glad he was an idiot, I think that the compliment and insult cancel out, so it's just a comment. I don't see how he can even say "Be glad that you still have a dad" when he doesn't even know the guy, know how he was raised, or anything.

You don't see how he can say that because you have never been in his place, just like he has never know OP and OP's father.

Well, in my value system, father has a special place in my heart that material substance like money can never replace. I will never see my father sink while I am having extra in my bank waiting for me to find way to spend.

Fumbduck, you said you would rather not to have that kind of father?
If only people have choice to choose who to be father....

Ok, this first comment "You don't see how he can say that because you have never been in his place, just like he has never know OP and OP's father. " does not make sense. I said that I do not understand how he could say the "be glad.." thing because he doesn't know what Megamorph's life is like. What you said is that I (meaning me) have never been in his place. No sh!t, I didn't say I had.

In your value system, your father probably paid attention to you when you grew up, took you to ball games, helped you with stuff... in the poster's life, his father did not do any of this, so maybe there was no special "value system". He let his father borrow money because his father promised to pay him back in 6 months. Had I the same history with my father, I would have never let him borrow the money, but Megamorph did, and his father did not pay him back.

Now your last paragraph, "Fumbduck, you said you would rather not to have that kind of father?" Yes I did say that, and I stand by it. and, "If only people have choice to choose who to be father..." I really do not understand this. Are you trying to say that people don't have a choice who their father is and they should love him regardless?

Pop quiz, hot shot, would you still love your dad if he beat the sh!t out of your mom? If he belittled you to nothing? If he discarded you as trash that should have never happened? What then?
 
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