Quote:
Originally Posted by s4ndm4n2006
This "friend" is after the money and wants to use you to get that money, or so it seems to me looking in from the outside. Never ever take advice from someone that insists you take a loan out for something. Especially when it's clear that they have a stake in what they are suggesting. Offering to run it for you? Come on. If he wants to run a business and knows it's such a good prospect and opportunity wtf isn't he taking the loan out himself and doing so? I'm sure there are a few people that might be motivated purely by wanting to help a friend but it's rare and with his anger following, I just don't see it as something that was merely his trying to help you at all... no there is an ulterior motive here.
yes, in a nutshell you did the right thing.
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Exactly, why doesn't he take out the loan himself. I asked that and he just was adamant that it was a proposition for me and since its for me to earn supplemental income i have to take a loan out. Let me say i am not at all broke or in need of money but yet he thinks this would be great for me. He already has a business of the same type well I honestly think his dad owns it but he's very familiar with it. I don't know how much the criteria differs for a personal vs commercial loan but i'm thinking he has bad credit or something or possibly trying to fly under the radar because of his criminal background. Who knows? But its a big rig that he wants me to buy and I don't even know how to drive one!!! He even knew one was for sale and wanted me to buy that one. So he had already planned this evidently.