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Struggling with Request for Money

Fun2BHere
5 years ago

I have a friend who has been in a precarious financial condition for a while because of some bad investments and because of a perfidious spouse who cleaned out their joint checking accounts before filing for divorce and hiding all assets out of the country.


My friend has asked me for a sizable (to me, at least) short-term loan to pay off credit cards in order to qualify for a home equity loan. The idea is that the short-term loan would be repaid out of the home equity loan once that loan is secured.


I am sympathetic to their plight, but I don't feel comfortable loaning money that I have, but that I cannot afford to lose. However, I feel crappy about this decision, like I'm not being a good person by refusing to help someone in need.


I'm so conflicted about this decision. I need your unbiased feedback. All opinions are welcome. I can't be any more upset than I already am about this situation.

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