Bianca Knows Best ... And Helps a Broke Wimp 

Dear Bianca,

A good friend of mine owes me $600, which I loaned him in a time of need five months ago. He originally promised to pay me back within a month. I let it slide for about three months without saying anything and he never so much as mentioned the debt.

I finally politely asked when he might be able to pay me back. He said he was short on cash, but he'd get it to me ASAP. Now, I really need the money, and I heard he was buying a new car and blowing lots of cash on booze lately.

I have a problem confronting people, but I'm really mad. I sent him a message on Facebook but got no reply. What should I do?

— Peaceful and Poor

Dear Peaceful,

Avoiding conflict is fine when possible, but you've already asked this guy for your money twice to no avail (although I must say that addressing this situation on Facebook is a pansy way of doing things).

You're going to have to go to your friend's house when you know he'll be home and have a face-to face "come-to-Jesus" talk with him -- preferably on his payday, if you can find out when that happens.

If he’s blowing money on drinks and a new car when he owes you a large sum, he's obviously irresponsible with money. Explain to him your trust in loaning him the money and how desperately you need it now.

If necessary, work out a payment plan. Though it'd be nice to get the whole $600 at once, your friend may never come through with that. Instead, charge him $50 or $100 per paycheck until the total amount is recovered. And show up at his house each payday to collect.

For future reference, don't loan friends money unless it's an absolute emergency. It's too easy for close friends to assume their debt will be overlooked. And don't use Facebook or e-mail as a way to hide from your conflicts. Face-to-face interaction is always the best bet.

Got a problem? E-mail Bianca at bphillips@memphisflyer.com.

Comments (4)

Showing 1-4 of 4

Add a comment

 
Subscribe to this thread:
Showing 1-4 of 4

Add a comment

ADVERTISEMENT
ADVERTISEMENT
    • Dividing by Zero

      Why the Fairgrounds and Graceland Hotel Projects fail common sense.
    • The Raging Bull in D.C.

      Senator Mitch McConnell’s sinister immigration irony.
    • Playing the Bike Card

      Sometimes the path to racism isn’t easy to find — or even there.

Blogs

Tiger Blue

Tigers 83, USC Upstate 73

Hungry Memphis

Raw Girls Launches Food Truck

News Blog

Candidates Sought For Council Vacancy

Calling the Bluff

Don Trip is a "Man on the Moon"

News Blog

Riverside Drive Bike Lane Named In Top 10 List

News Blog

Memphis' Logan Guleff Wins MasterChef Junior

Calling the Bluff

Starlito Connects with Don Trip, Yo Gotti for New Track

News Blog

Pension Reform Gets Council Approval

Beyond the Arc

Next Day Notes: Grizzlies 105, Warriors 98

ADVERTISEMENT

More by Bianca Phillips

ADVERTISEMENT
© 1996-2014

Contemporary Media
460 Tennessee Street, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Memphis Business Quarterly
Powered by Foundation