How do I ask my Uncle if he will borrow me money?

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Replies

  • godblessourhome
    godblessourhome Posts: 3,892 Member
    i don't know of any good way to for money from a relative other than just asking politely. be prepared for your uncle to not remember having said that he'll help you out. when my hubby and i were first married, freshly graduated from college, bought a townhouse and had a baby, we were broke-as-a-joke. my m-i-l offered to pay for half of a surgery that i needed in casual conversation. after the surgery, hubby brought that conversation up to her and she had completely forgotten about it. she happily paid for half the surgery, but i felt awkward around her for a long time.

    can you go to a food pantry for a month or two? that is why those places exist and you could use the money you save on groceries for rent. i know our church is happy to help, especially on a short-term basis.

    also, there are places that offer rental assistance. my sister lived in low income housing while attending college; her rent was $65 a month based off of her income as a part-time bartender.
  • KatyE213
    KatyE213 Posts: 447 Member
    Never borrow money from a relative. I suggest you find other means some how some way.

    ^^^^^^THIS. IT IS NOT WISE TO BORROW MONEY. SEE IF YOU CAN GET A PAYDAY LOAN OR A TITLE LOAN OF SOME SORT.


    Seriously please ignore this!!!!! Borrowing at really high interest rates is NOT going to help anybody's long term finances. If a 21 year old has family willing to help, why not? He offered after all. I don't know why there is so much negativity towards the original OP on this thread!!
  • macpatti
    macpatti Posts: 4,280 Member
    ^^^^^^THIS. IT IS NOT WISE TO BORROW MONEY. SEE IF YOU CAN GET A PAYDAY LOAN OR A TITLE LOAN OF SOME SORT.
    Please, please ignore this advice. This is really bad financial advice.
  • LuckyLeprechaun
    LuckyLeprechaun Posts: 6,296 Member
    ^^^^^^THIS. IT IS NOT WISE TO BORROW MONEY. SEE IF YOU CAN GET A PAYDAY LOAN OR A TITLE LOAN OF SOME SORT.
    Please, please ignore this advice. This is really bad financial advice.

    really really bad.

    It took me three years and I paid back a total of more than $2400 to pay off a $400 loan.

    Thesse kinds of loans are a very very bad idea. They are predatorily expensive.
  • robin52077
    robin52077 Posts: 4,383 Member
    Never borrow money from a relative. I suggest you find other means some how some way.

    ^^^^^^THIS. IT IS NOT WISE TO BORROW MONEY. SEE IF YOU CAN GET A PAYDAY LOAN OR A TITLE LOAN OF SOME SORT.

    PLEASE, never ever ever take a payday loan!
    ANYONE!
    I work for a major financial institution and spend a majority of my day every day filing disputes against these companies. They are god-awful and will rape your bank account for thousands if you borrow 200. Seriously. Our fraud department has to go after these *kitten* constantly.
  • Jacwhite22
    Jacwhite22 Posts: 7,010 Member
    I can't imagine what that would be....
    http://www.myfitnesspal.com/topics/show/647245-ladies-which-would-you-do-first-pnahandle-or-strip
    Says the guy who wants to be a good example for his wife and kids. Nice.

    It was a joke. If you can't see that then you probably wouldn't understand any other response I would give to you either.............
  • Reinventing_Me
    Reinventing_Me Posts: 1,053 Member
    Never borrow money from a relative. I suggest you find other means some how some way.

    ^^^^^^THIS. IT IS NOT WISE TO BORROW MONEY. SEE IF YOU CAN GET A PAYDAY LOAN OR A TITLE LOAN OF SOME SORT.

    These are a fortune in interest. That fine print during the tv commercials. The one the one that featured Gary Coleman was like 400% or something crazy. She'd be better off asking her uncle (especially if he offered) and paying him back what she borrowed. My daughter is in college and though she lives at home, she has a bill that she pays by herself. She works at a grocery store and is only usually scheduled once or twice a week in 4-hour shifts. She has applied for a second job and followed up and applied again, but no one has called. It's rough but the only thing she can do is call her job on days off and ask if they need help or hope that they call her. I feel your pain, OP. Just ask him as soon as possible to give him and you time to make any adjustments. The worst he can say is "No". If he does, you'll know sooner rather than later and will have time to find another option. GOOD LUCK!! :flowerforyou:
  • macpatti
    macpatti Posts: 4,280 Member
    It was a joke. If you can't see that then you probably wouldn't understand any other response I would give to you either.............
    I didn't find the humor in it, especially when it was directed toward a 21 year old, female, college student in need of financial help. Sorry. Just not cool to me.
  • ElizabethRoad
    ElizabethRoad Posts: 5,138 Member
    Borrowing money from a relative is not the greatest situation, but come on. It's $150 and he offered. Just have a realistic plan of how to pay him back - even if it's $10 a week, he'd still get his money back in a few months.
  • Reinventing_Me
    Reinventing_Me Posts: 1,053 Member
    i don't know of any good way to for money from a relative other than just asking politely. be prepared for your uncle to not remember having said that he'll help you out. when my hubby and i were first married, freshly graduated from college, bought a townhouse and had a baby, we were broke-as-a-joke. my m-i-l offered to pay for half of a surgery that i needed in casual conversation. after the surgery, hubby brought that conversation up to her and she had completely forgotten about it. she happily paid for half the surgery, but i felt awkward around her for a long time.

    can you go to a food pantry for a month or two? that is why those places exist and you could use the money you save on groceries for rent. i know our church is happy to help, especially on a short-term basis.

    also, there are places that offer rental assistance.     my sister lived in low income housing while attending college; her rent was $65 a month based off of her income as a part-time bartender.

    Very good advice. There is help out there. It may take a little legwork, but if you are able to get it, it's well worth it.
  • rml_16
    rml_16 Posts: 16,414 Member
    About a year and a half ago my Uncle was driving me home from a family event and he told me that if I ever needed to borrow money, I could just ask him for help. So now I need money but I don't know how to ask him! Help!?

    He made the offer. Call him and say what you've said here and ask for it. But ask him to loan it to you, not borrow it to you.
  • MassiveDelta
    MassiveDelta Posts: 3,271 Member
    *deleted*
  • macpatti
    macpatti Posts: 4,280 Member
    She thinks its ok to "borrow" someone some money. She has given up and has no drive to find an alternative...Id say she is almost there.
    So, I guess you missed where she said she was looking for another job? And why isn't it ok to borrow from a family member?
    Besides stripping is a lot better financial choice.
    Than what? Borrowing from an unlce who offered to help?
  • MassiveDelta
    MassiveDelta Posts: 3,271 Member
    *deleted*
  • macpatti
    macpatti Posts: 4,280 Member
    OP...you should probably just ask MacPatti she seems to be the only one capable of giving you the proper advice
    So, you'd consider your advice of hooking as "proper"?
  • localatte
    localatte Posts: 78 Member
    I'm sorry about the "get a job" type comments, it's a tough economy, and I have many professional friends taking p/t jobs because it's all they can find. I have compassion for you.

    Although, I agree, that I would try, if at all possible to not borrow from relatives, if you must, there are some things you should do. I lent my cousin 2K, 4 years ago when she was really struggling, she promised to pay it back within a year, but in reality, she has avoided me like the plague, and everyone has told me to consider that money "gone".

    So, I learned that lesson the hard way.


    ****If you ask your uncle, do it in a legit fashion. Put it in writing that you will pay him back, and give him a timeline of when you'll pay back the money, whether lump sum or payments. That way, he can be sure that you will pay him back, and you can feel comfortable that you are treating this in a mature and smart way. ***
  • pennybelle
    pennybelle Posts: 20 Member
    The bills come in every month at the same time for me...how about you? Better put your big girl panties on cause the uncle is only good for one loan. What will you do next month? You will be on the streets if you don't get it together. There is nothing wrong with working ANYWHERE part time along with a full time job if the other option is living on the street. (forget prostitution, if you can't pay your bills you will not be able to pay for health insurance to take care of the STD's you will receive from your kind customers.)
  • MissAlexxMarie
    MissAlexxMarie Posts: 171
    Short and simple;

    keep looking for a job, find side jobs, have your BOYFRIEND find something to help you guys out as well, and ask your uncle if you can borrow the money and you will pay when you're able to!
  • MissAlexxMarie
    MissAlexxMarie Posts: 171
    The bills come in every month at the same time for me...how about you? Better put your big girl panties on cause the uncle is only good for one loan. What will you do next month? You will be on the streets if you don't get it together. There is nothing wrong with working ANYWHERE part time along with a full time job if the other option is living on the street. (forget prostitution, if you can't pay your bills you will not be able to pay for health insurance to take care of the STD's you will receive from your kind customers.)

    and ^^^^^^this!!

    mine come every month at the same time as well ;)
  • Kitten2629
    Kitten2629 Posts: 1,358 Member
    Live in an apartment? Post an ad to clean someone's house etc.. Craigslist..

    Simply ask.

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