I had loaned money to a friend and he has not been paying me. It is just a mistake and should not lend anyone. Paying 10% of my net worth is stupidest mistake I have made. Helping is fine but risking 10% is not the right thing to do in my current situation.
12/7/2017: I have opened a SIP in FT Dynamic PE FOF for the amount he is going to deposit, it ends on May 2020.
3/6/2018: Still chasing for payments and yet to get pending payment. 9 installments paid so far; 27 pending. I will never loan anyone money and will not participate in peer to peer lending as well.
4/6/2018: Still chasing for payments and yet to get pending payment. 10 installments paid so far; 26 pending. Its just hard to remind friend that they should pay you.
5/7/2018: Still chasing for payments and yet to get pending payment. 11 installments paid so far; 25 pending. I did remind yesterday and today with a message and phone call. I received it today.
6/7/2018: Still chasing for payments and yet to get pending payment in full. 12 installments paid so far; 24 pending. I did remind yesterday with a message and received it today.
7/8/2018: Still chasing for payments and yet to get pending payment in full. 13 installments paid so far; 23 pending. I did remind yesterday with a message and received it today.
8/7/2018: 14 paid so far 22 pending. Still 1961 pending from 4th installment.
9/7/2018: 15 paid so far 21 pending. Still 961 pending from 4th installment.
Below is the plan.
10/9/2018: 17 paid so far 19 pending. Pending payments are received and hope I get to recover the remaining payments in peace.
11/8/2018: 18 paid so far 18 pending. Halfway there hope I get to recover the remaining payments in peace.
12/11/2018: 19 paid so far 17 pending. Late but paid it really is sad to ask your friend for payment, I should never do it.
12/11/2018: 20 paid so far 16 pending. Late but paid it.
02/10/2019: 21 paid so far 15 pending.
24/03/2019: He has not paid in March and giving me excuses :(, on the other hand I have given 1 lakh to friend of mine who sits in my cubicle for one month he should return it on April 15th. I made a bad choice of giving him the debit card but I should not do it anymore.I should get 101500 on April 15th. I have only lent 2 % of my net-worth.
04/01/2019: Paid March Emi 25 days late but sent a message on salary day and received money. 22 paid so far 14 pending. I do not know if he will pay April EMI or not.
05/03/2019: Paid April EMI a month late. 23 paid so far 13 pending. I do not know when will he pay May EMI
06/05/2019: Paid May EMI a month late. 24 paid so far 12 pending. I do not know how long he will pay. I should not lend to anyone and should not more than 1% if to a relative.
12/7/2017: I have opened a SIP in FT Dynamic PE FOF for the amount he is going to deposit, it ends on May 2020.
3/6/2018: Still chasing for payments and yet to get pending payment. 9 installments paid so far; 27 pending. I will never loan anyone money and will not participate in peer to peer lending as well.
4/6/2018: Still chasing for payments and yet to get pending payment. 10 installments paid so far; 26 pending. Its just hard to remind friend that they should pay you.
5/7/2018: Still chasing for payments and yet to get pending payment. 11 installments paid so far; 25 pending. I did remind yesterday and today with a message and phone call. I received it today.
6/7/2018: Still chasing for payments and yet to get pending payment in full. 12 installments paid so far; 24 pending. I did remind yesterday with a message and received it today.
7/8/2018: Still chasing for payments and yet to get pending payment in full. 13 installments paid so far; 23 pending. I did remind yesterday with a message and received it today.
8/7/2018: 14 paid so far 22 pending. Still 1961 pending from 4th installment.
9/7/2018: 15 paid so far 21 pending. Still 961 pending from 4th installment.
Below is the plan.
10/9/2018: 17 paid so far 19 pending. Pending payments are received and hope I get to recover the remaining payments in peace.
11/8/2018: 18 paid so far 18 pending. Halfway there hope I get to recover the remaining payments in peace.
12/11/2018: 19 paid so far 17 pending. Late but paid it really is sad to ask your friend for payment, I should never do it.
12/11/2018: 20 paid so far 16 pending. Late but paid it.
02/10/2019: 21 paid so far 15 pending.
24/03/2019: He has not paid in March and giving me excuses :(, on the other hand I have given 1 lakh to friend of mine who sits in my cubicle for one month he should return it on April 15th. I made a bad choice of giving him the debit card but I should not do it anymore.I should get 101500 on April 15th. I have only lent 2 % of my net-worth.
04/01/2019: Paid March Emi 25 days late but sent a message on salary day and received money. 22 paid so far 14 pending. I do not know if he will pay April EMI or not.
05/03/2019: Paid April EMI a month late. 23 paid so far 13 pending. I do not know when will he pay May EMI
06/05/2019: Paid May EMI a month late. 24 paid so far 12 pending. I do not know how long he will pay. I should not lend to anyone and should not more than 1% if to a relative.
08/07/2019: Paid July EMI a month late. 26 paid so far 10 pending. I don't know if I can recover money, should not lend money ever. If to family only 1% should only be extended.
09/20/2019: Paid August EMI in the month of September on 18th. 9 EMIs are still pending. I don't know if I can recover money, should not lend money ever.If to family only 1% should only be extended.
10/08/2019: Paid September EMI in the month of October on 7th. 8 EMIs are still pending. I don't know if I can recover money, should not lend money ever.If to family only 1% should only be extended.
12/02/2019: Suresh paid 50k this month and has not mentioned any thing on the remaining money and how he is going to pay. In total I received 356908, I lost money on this with low rate of return.
09/20/2019: Paid August EMI in the month of September on 18th. 9 EMIs are still pending. I don't know if I can recover money, should not lend money ever.If to family only 1% should only be extended.
10/08/2019: Paid September EMI in the month of October on 7th. 8 EMIs are still pending. I don't know if I can recover money, should not lend money ever.If to family only 1% should only be extended.
12/02/2019: Suresh paid 50k this month and has not mentioned any thing on the remaining money and how he is going to pay. In total I received 356908, I lost money on this with low rate of return.
Annual
Interest Rate:
|
12.00%
|
Length
of Loan (in Years):
|
3
|
Number
of Payments Per Year:
|
12
|
Total
Number of Periods:
|
36
|
Month
|
Payment
no
|
Monthly
Payment
|
Principal
|
Interest
|
Balance
Loan Outstanding
|
Jun-17
|
1 (Paid)
|
10,960.72
|
7,660.72
|
3,300.00
|
322,339.28
|
Jul-17
|
2 (Paid)
|
10,960.72
|
7,737.33
|
3,223.39
|
314,601.95
|
Aug-17
|
3(Missed Payment) Paid (Later)
|
10,960.72
|
7,814.70
|
3,146.02
|
306,787.25
|
Sep-17
|
4 (Missed Payment)
Mar(Paid 5k) May(Paid 1k) Jun(Paid 1k) Jul(Paid 1k) Aug(Paid 1k) Sep(Paid 1k) Oct(Paid 1k) Paid(Later) |
10,960.72
|
7,892.85
|
3,067.87
|
298,894.40
|
Oct-17
|
5 (Paid)
|
10,960.72
|
7,971.78
|
2,988.94
|
290,922.62
|
Nov-17
|
6 (Paid)
|
10,960.72
|
8,051.50
|
2,909.23
|
282,871.12
|
Dec-17
|
7 (Paid)
|
10,960.72
|
8,132.01
|
2,828.71
|
274,739.11
|
Jan-18
|
8
|
10,960.72
|
8,213.33
|
2,747.39
|
266,525.78
|
Feb-18
|
9
|
10,960.72
|
8,295.46
|
2,665.26
|
258,230.31
|
Mar-18
|
10
|
10,960.72
|
8,378.42
|
2,582.30
|
249,851.90
|
Apr-18
|
11(Paid)
|
10,960.72
|
8,462.20
|
2,498.52
|
241,389.69
|
May-18
|
12(Paid)
|
10,960.72
|
8,546.83
|
2,413.90
|
232,842.87
|
Jun-18
|
13
|
10,960.72
|
8,632.29
|
2,328.43
|
224,210.57
|
Jul-18
|
14(Paid)
|
10,960.72
|
8,718.62
|
2,242.11
|
215,491.96
|
Aug-18
|
15(Paid)
|
10,960.72
|
8,805.80
|
2,154.92
|
206,686.15
|
Sep-18
|
16(Paid)
|
10,960.72
|
8,893.86
|
2,066.86
|
197,792.29
|
Oct-18
|
17(Paid)
|
10,960.72
|
8,982.80
|
1,977.92
|
188,809.49
|
Nov-18
|
18(Paid)
|
10,960.72
|
9,072.63
|
1,888.09
|
179,736.87
|
Dec-18
|
19(Paid)
|
10,960.72
|
9,163.35
|
1,797.37
|
170,573.51
|
Jan-19
|
20(Paid)
|
10,960.72
|
9,254.99
|
1,705.74
|
161,318.53
|
Feb-19
|
21(Paid)
|
10,960.72
|
9,347.54
|
1,613.19
|
151,970.99
|
Mar-19
|
22(Paid on 29thMar)
|
10,960.72
|
9,441.01
|
1,519.71
|
142,529.98
|
Apr-19
|
23(Paid on 3rd May)
|
10,960.72
|
9,535.42
|
1,425.30
|
132,994.55
|
May-19
|
24(Paid on 5th June)
|
10,960.72
|
9,630.78
|
1,329.95
|
123,363.78
|
Jun-19
|
25(Paid on 8th July)
|
10,960.72
|
9,727.08
|
1,233.64
|
113,636.69
|
Jul-19
|
26(Paid on 7th Aug)
|
10,960.72
|
9,824.36
|
1,136.37
|
103,812.34
|
Aug-19
|
27(Paid on 18th Sep)
|
10,960.72
|
9,922.60
|
1,038.12
|
93,889.74
|
Sep-19
|
28 (Paid on 7th Oct)
|
10,960.72
|
10,021.82
|
938.90
|
83,867.91
|
Oct-19
|
29
|
10,960.72
|
10,122.04
|
838.68
|
73,745.87
|
Nov-19
|
30(Paid 50k)
|
10,960.72
|
10,223.26
|
737.46
|
63,522.61
|
Dec-19
|
31
|
10,960.72
|
10,325.50
|
635.23
|
53,197.11
|
Jan-20
|
32
|
10,960.72
|
10,428.75
|
531.97
|
42,768.36
|
Feb-20
|
33
|
10,960.72
|
10,533.04
|
427.68
|
32,235.32
|
Mar-20
|
34
|
10,960.72
|
10,638.37
|
322.35
|
21,596.95
|
Apr-20
|
35
|
10,960.72
|
10,744.75
|
215.97
|
10,852.20
|
May-20
|
36
|
10,960.72
|
10,852.20
|
108.52
|
0.00
|
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