Situation Monday

Hard times fall on the best of us.  An unexpected bill or major life event can significantly change a person’s financial situation overnight.

Banks are legendary for tightening up funds when people need them the most.  When that occurs people turn to family and friends to financial assistance.

Imagine this…a friend of yours falls into a particularly horrendous financial situation.  He/she turns to you in their deepest hour of need and requests $1,000.  Being the philanthropist that you are you decide to comply.  You agree to a payback period of 4 weeks.  4 weeks pass and nothing happens.  Your calls, texts, and emails go unanswered.  During week 6 you see that friend coming out of Neiman Marcus in the mall.

What do you do?