Poll of the Day > Giving my parents a loan, how much interest should I charge?

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THEGODDAMNBATMA
08/18/20 7:55:58 PM
#1:


I'm giving them a $10,000 loan and they're going to pay me within a year.

How much interest should I charge, and should I ask them for some money up front?
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Kyuubi4269
08/18/20 7:58:13 PM
#2:


None.
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wolfy42
08/18/20 8:14:19 PM
#3:


You shouldn't charge interest for friends or family members you like, and you shouldn't loan money to family members you don't like.

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LinkPizza
08/18/20 8:22:14 PM
#4:


Kyuubi4269 posted...
None.

wolfy42 posted...
You shouldn't charge interest for friends or family members you like, and you shouldn't loan money to family members you don't like.

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Wanded
08/18/20 8:31:42 PM
#5:


zero

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wwinterj25
08/18/20 8:33:22 PM
#6:


I wouldn't charge any interest for family I like.

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DDirtyDastard
08/18/20 8:37:09 PM
#7:


Make them pay double
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Dmess85
08/18/20 8:38:07 PM
#8:


2.5% over 30 years

how much can the put down?

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jsb0714
08/18/20 9:15:31 PM
#9:


THEGODDAMNBATMA posted...
I'm giving them a $10,000 loan and they're going to pay me within a year.

How much interest should I charge, and should I ask them for some money up front?
Seems like you would already have these answers if you weren't full of crap.
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wwinterj25
08/18/20 9:19:02 PM
#10:


jsb0714 posted...
Seems like you would already have these answers if you weren't full of crap.
Yeah TC does tell some porkies!

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xjayguyx
08/18/20 9:19:39 PM
#11:


Cringe topic
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kangolcone
08/18/20 9:52:49 PM
#12:


You shouldnt loan family money especially if your thought is how much interest to charge.

The whole thing has ugly mess written all over it

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papercup
08/18/20 9:56:12 PM
#13:


50% a day

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Sahuagin
08/19/20 12:41:46 AM
#14:


charge 0%, pay 25%

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ParanoidObsessive
08/19/20 12:57:14 AM
#15:


wolfy42 posted...
You shouldn't charge interest for friends or family members you like, and you shouldn't loan money to family members you don't like.

This, so very much.
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#16
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nesspoojeff
08/19/20 1:07:25 AM
#17:


0% if paid in 12 months as a promo.

Then based on their credit history and score, charge them 16-23% interest every month after.

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OniRonin
08/19/20 1:22:53 AM
#18:


it depends on what the loan is for. if there's collateral you can seize if they don't pay back you might only charge 2 or 3%. if not maybe charge more. you should also start thinking about what debt collection agency you're going to sic on the woman who spent 9 months carrying you around when you were a useless fetus if she doesn't repay on time.

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