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Borrowing Money!

(24 Posts)
Greysmanicfan41 Mon 18-Mar-19 18:45:14

Dp sister, (lets say Anne) asked her Dp (bob) if she could borrow £3000 due to Blocking her own account and needs £3000 to pay For part of her kitchen installation, doesn't have the money, Tradesmen wont start, delay it another 6 weeks.

Anne and Bob have their own properties.

Anne, has asked bob for £3000 to borrow for maximum of 5 days and would be transferred immediately, once money available.

Bob hasn't got the money personally but has in business savings, where bob brother Dylan always goes into borrowing whenever and doesn't ask bob, they both own 50/50 of family business.

Anne and Bob been together 2.5 years, and Anne always lends Bob Money. Bob refuses to even ask his brother, knowing Anne has money and will pay it back.

DP feels Bob should at least His brother Dylan, and if answer no then fine, But least that would show some sort support, as Anne is always helping bob out, but Bob wont do this, feels Anne is intimidating him for money.

Anne is peeved off, but kinda gets Bob hates asking Dylan for anything, but feels Dylan does this often without bob knowledge,
so cant see why Bob just cant ask Dylan to borrow £3000 for 5 days.

and Anne is more than willing to show Dylan her bank details to prove this would be paid back within 5 days.

Anne is buggered, doesn't feel supported by Bob. Bob just keeps going on how he hasn't got the money, knowing he has Savings shared with Dylan.

AIBU that Bob could at least ask his brother Dylan whether he could use Savings (plenty of it) to help Anne out, who Dylan knows very well?

Maybe even offering £50 quid interest.

GreenTulips Mon 18-Mar-19 18:49:44

I think Anne needs to suck it up and wait! Why was her bank account blocked out? Can’t she ring the bank and transfer the money? Write a cheque?

She’s a grown up and needs to be responsible for her own issues

And stop lending money to Bob! He’s shown his true colors

Duckduckduck123 Mon 18-Mar-19 18:51:07

Eh, you want...

Ellisandra Mon 18-Mar-19 18:53:24

Yep, Anne needs to sort out her own finances. Blocked?

And stop lending money to Bob. How unattractive.

And possibly dump Bob because he’s useless.

Ellisandra Mon 18-Mar-19 18:54:07

Why doesn’t your boyfriend lend his sister the money for 5 days?

NorthEndGal Mon 18-Mar-19 18:56:15

Anne needs to sort herself out, and live within her means.
Bob and Dylan need to sort there own financial issues out too.

bridgetreilly Mon 18-Mar-19 18:58:27

This is ridiculously confusing, but I can't see any reason why anyone should be lending that money. She can wait 6 weeks for a new kitchen.

Purpleartichoke Mon 18-Mar-19 19:02:47

Bob needs to tighten down the finances at his own company. Dylan should not be treating company funds like a personal piggy bank.

Anne should stop asking bob for money. He doesn’t have it liquid and freely available to give. He also is under no obligation to take any risk of Anne not paying him back.

Numptysod Mon 18-Mar-19 19:05:49

I would assume the money would be borrowed for 5 days.

So would be overlapped.

Bank has frozen assets due to fraud I assume, and given your sister a date!

Tbh I can't see the issue, why bob can't ask brother? ESP if Dylan does it all time without permission.

I assume kitchen isn't Liveable

Required more Info?

TheInvestigator Mon 18-Mar-19 19:07:59

The bank can't keep her from her money, unless her account has been frozen due to process of crime or something.

Tell her to go to the bank tomorrow and get her money.

TheInvestigator Mon 18-Mar-19 19:08:15

*proceeds

OKBobble Mon 18-Mar-19 19:08:22

Anne wants Bob to borrow money to lend to her. No not on at all.

It is a competely separate issue to when she lends him her own money. Outrageous to suggest he should "borrow" from a joint business account whatever his business partner does. This probably causes stress to Bob which is why he doesn't want to do it himself.

Anne knew she need £x for her kitchen and should have arranged it without needing to borrow elsewhere!

Anne should tell the kitchen people she can't proceed for the 5 days!

I assume you are Anne!

ThatssomebadhatHarry Mon 18-Mar-19 19:14:48

This is like one of those meme things people post on Facebook.

Anne wants to borrow money from someone’s joint business account to do her new kitchen. Anne is a CF who didn’t think her renovation work through. Don’t be like Anne.

Horsemenoftheaclopalypse Mon 18-Mar-19 19:32:19

Anne sounds disorganised
Bob sounds spineless*

*not because he won’t ask Dylan, but because he lets Dylan use their business as a piggy bank

burritofan Mon 18-Mar-19 19:34:44

Is Anne a Nigerian Prince asking Bob via email?

V confusing but Bob is right not to borrow money from a business account to lend to a girlfriend! That's not what business accounts are for and it would cause a ruckus at tax return time.

Anne needs to march down to her bank branch with plenty of ID and a "This will get sorted today" attitude to organise a transfer to her builder. Or suck it up and delay the installation 6 weeks and just cook and eat at Bob's house until she has a kitchen.

starzig Mon 18-Mar-19 19:36:07

Anne is a bit if a CF for asking her boyfriend (who she hasn't been with that long) for 3k.

Slippiepippie Mon 18-Mar-19 19:36:58

Eh people read it properly.

Anne has the money but cant get access to her account. Hate all this 'live within your means' bullshit

I get where bob is coming from he might be embarassed asking his brother for a loan if his brother would look down his nose.

I still think he should ask the brother to prove he would help anne out with a loan like she would.

Why cant anne go to the bank and take out her money using ID?

Numptysod Mon 18-Mar-19 20:58:50

Only thing I can think of is savings accounts, which take days notice, has she done this too late?

Or premium bonds if you block account you have to send form in and they write back to you can take ages!
I've done this, prob why she needs it as Took 3 days for letter then 5 days to cash bonds up,

So 7-10 days.

strathmore Mon 18-Mar-19 21:06:38

Bob and Dylan need to familiarise themselves with the use of directors loans (assuming a ltd company)

Greysmanicfan41 Mon 18-Mar-19 21:11:51

Yes it is Premium Bonds, I have just found out, that takes days for form to be sent and read and acknowledge, then days to recieve letter with new temporary password.

Which means the cashing the bonds in take 3-5 working days, so if letter gets received and dealt with, it be Friday, then cash wont be available until 30th march, Kitchen work starts on 25th march. So DP tried to see if he can get anything e.g. overdraft, and we maxed out.

So all Anne has done is ask Bob her DP, if she can borrow £3000 for 5 days, and it be transferred instantly back to the savings account on 30th march?

Anne has DP sister, Given money when Bob self employed has struggled that week, and has never expected it back. Anne felt that it wouldn't be a issue, as Bob just needs to transfer money out of Savings to his account and into Anne account.

Brother Dylan doesn't have to be asked as it 50/50 joint account, so no permission is required unless foretold money doesn't appear back into the account before the next statement is required, or money to be transferred out.

Bob has said many times, Dylan has borrowed money on many occasions and has noticed it is paid back within 4 weeks so doesn't say anything, as Bob doesn't feel the need to inform Dylan to ask permission for borrowing money.

DP has even said He feels appalled by this and sorry he cannot help his sister Anne more.

Greysmanicfan41 Mon 18-Mar-19 21:17:30

Its Business Savings for maintenance for Property's.
So 50/50 Ownership, And according to bob, Dylan Borrows money to pay credit card balances and College course was the most recent, An IT Technician to change careers.

Numptysod Mon 18-Mar-19 21:31:40

Bob isn’t borrowing?

He using savings and putting savings back?

5/10 days!

Horsemenoftheaclopalypse Tue 19-Mar-19 09:03:57

Bob would rather Anne be put in a difficult spot than be even marginally inconvenient himself (by having what he thinks is a difficult convo with Dylan)

If this is part of a general pattern I’d be telling Anne to reconsider her choices. As I said I think bob sounds a bit spineless

burritofan Tue 19-Mar-19 09:35:54

Disagree that Bob is spineless! I think Anne is disorganised – needing to pay builders for a new kitchen isn't an out-of-the-blue expense and if she were planning all along to use Premium Bond money she should have checked her access to it earlier.

Bob could be supportive in other ways: suggesting Anne stays at his house, with its presumably working kitchen, until hers is sorted. Why doesn't she just do that, apply for the PB money, start the works when it comes through, and make this whole thing the non-issue it actually is?

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