Patrick had a hard time when he tried to recover a loan from a friend. For eight months he worked to get back the cash he gave to a man he knew well. The loan helped the friend fix a short-term money issue. There was a clear promise to pay it all back in only a few weeks.
“At the beginning he sounded very genuine,” Patrick recalls. “He promised he would repay the money quickly.” Still, the time kept passing. Weeks turned into months with no sign of the money. Patrick asked again and again. Every time he heard a new excuse.
“Sometimes he said business was slow; other times he said he needed more time,” Patrick explains. Finally, the friend quit taking his calls. He cut off contact altogether. Patrick felt very frustrated. The funds were part of what he saved for his own use. He never expected things to go this way.
Lending to friends can seem simple at the start. Patrick trusted the person completely. He wanted to help out. But as the months added up, the stress grew. Each excuse made him wonder what was really going on. The borrower just disappeared from the picture. This left Patrick thinking about his choices. Read more https://drbokko.com/?p=37668
