Search found 1 match

Return to “Cashing checks for a "friend"”

by drjoker
Fri Jan 15, 2010 2:40 am
Forum: Never Again!!
Topic: Cashing checks for a "friend"
Replies: 39
Views: 4492

Re: Cashing checks for a "friend"

It is always difficult when a friend asks you for a loan or some other financial favor. If you don't help, then you're not a good friend. If you do help, then they may not pay back in a timely manner and sour the friendship. What should you do?

I would ask my self, "How much is this friend worth? Meaning, how much money can you afford to GIVE him/her?" For example, instead of letting the friend deposit into my bank account, I'll ask how much the check cashing fee is and pay it for him ONE time. Then, I'll tell him to get their financial stuff together and get a bank account already because I will not making this a habit.

Or if a friend asks for a loan, instead of loaning them the amount they ask for, just GIVE the friend a smaller sum.

Return to “Cashing checks for a "friend"”