Tips on Avoiding Relative asking money, plz help :(

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Being.smart

Being.smart

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One of my relative, not too close and not too far has started troubling me since 1 week :(.

According to him, he had bought some lands @xx.xx lacs, and now he needs money for registering it, and asking me to lend him 2-3 lacs :(. I simply denied saying that i have to go for my sis marriage, and also have to go for higher education :(.

Still he comes to my home daily early morning, and starts his story and sits for 3-4 hrs, even now he is sitting in my living room talking with mom :ill:

Is there any much more easy way to get rid of him without hurting him, since he used to be good friend of my dad.

This time i am not in mood to lend a single penny due my early bitter experience where i had lots loads of money :1ign236:

asking-for-money.jpeg
 
Give him the same reasons all the time and tell your mom not to fall for that person's talks. Once you lend the money, you might never see it back.
It is always safe and clear to be in money matters.
 
It's simple (which you are already following), say NO. Let him ask 1000's of times, you answer the same thing 1000 times too.

I can understand it's not easy for many people as it looks. But you have to be harsh in these type of cases. Otherwise you have no choise.

Well, I'm not saying don't lend money to anyone. But it depends on person and your needs.

Like you need every single penny right now (as you said) and may be that person can be trusted too. But you have to keep saying NO.

And let him know that that you also have problems right now (if not already said), and asking 1000 times won't change your decision or won't solve your problem.
 
The person here is probably banking on the fact that if he keeps on persisting, the OP will eventually relent and give the money.



Offtopic: Why does @Spacescreamer always have a + suffixed to his name when his id appears in the "There are currently X users browsing this thread" section :S
I have seen this in other threads as well, not sure why the +.
 
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Tell him you are too smart and being smart you don't lend money to anyone who is not smart enough.
 
If you can picture yourself, in his place...going everyday to his house sitting for 3-4 hours, and asking for your cash back. YES.

Else : NO.

It does not matter what he was to your family. If you took help from him in this manner once upon a time, then you have to, else put a stone on your heart and tell him. He is playing with your families emotions, and I do not blame him..people resort to this, when money is needed. He is not being criminal, just trying to muster resources. With our wide family cultured society this happens. Sadly, your priorities have to come first. I did this once, and after 3-4 years, no money back. I have forgotten it. I got emotional like you...and handed the cash over. :(
 
Never trust the family members when it comes to business matters and don't ever lend them any money. Anything small is fine, say less than 5k, but only once or twice in your lifetime, not many times, even if they did return it.

Being.smart, it's time for you to really be smart now ;)
 
My business mind.

Most probably he needs interest free loan from you,does he?

Till when he plans to return the money?

If say 2 months and if he wants interest free.Go straight what is he ready to mortgage.

Ask for gold.If he still pester.Tell him straight you have parked the money in some fund and because of his need why will you risk your money.If he says he will pay interest than still go for mortgage of gold.Tell him straight you wont sell it but wont give risk free money.

If he says you trying to earn from somebody's hard period.Tell him so do you want you too fall in hard period because someone has your money.

I know its hard.But in uncertain times where sons not ready to keep fathers .One should act strong and emotions shouldn't overcome his decisions.
 
Simple rule - Only lend money if you don't care whether you get it back or not.

That is the only way you can preserve relations and have inner peace. In your case, however, it seems that you don't feel the same about that person. So, a strict NO!
 
Do as @MAGNeT says, tell him to give you gold as security, or make him sign a legally binding document with the help of a lawyer(expenses on him) before lending the money. But the best is not to give the money at all, better invest in something that really pays you.
 
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I am sure that his land purchase story is BS. for me it doesnt add up. So, the point I am trying to make is that you dont need to worry about hurting such people. because they dont care. :)
 
booo said:
I am sure that his land purchase story is BS. for me it doesnt add up. So, the point I am trying to make is that you dont need to worry about hurting such people. because they dont care. :)
Click to expand...

And OP is probably not the only person he is asking money from. He might be doing to same with other people entire day.
 
just go and slap him! , its my go to solution for everything these days

for 2 weeks a friend of mine has been asking me a loan for 5000 rs :( , i feel like hes like playing me or something like that , so i ask around and hes asked all his friends for similar amounts and they all say hes done it before and it wont come back . have blocked his calls and his ids , feel sad at losing a friend .... he earns around 1-1.5 lacs a month , its just weird if i think about it
 
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