You must have seen the movie Repo Man with Emillio Esteves.

It’s pretty rare to get the opportunity to recover a loss like this and I’m glad that you took advantage of it. It’s amazing how some people feel no guilt from ripping off friends who have helped them out. This guy could have made a good living from the truck you sold him on payments. He deserves to be walking.

We don’t lend money out very often, but we have gotten majorly screwed…not a very happy ending.

We invested $15,000 in a game store ran by a friend in 2007…she hadn’t told us that it was pretty much too late and the business closed 6 months later. During it’s last open week, we requested all the unsold merchandise (not much) for $50 and resold it on Ebay for about $300. She also gave us back about $200.

We have deducted the loss on our taxes over 3 years and ended up being out a total of about $11,000. We never pursued the matter legally since it was technically a business investment.

We try to consider it as an expensive lesson learned, but I’m still bitter. The “friend” had to file bankruptcy and moved away a couple of years ago. We were able to afford the loss and still put 20% down on our home which is 8 years or less from being paid off. My mental saving grace is that karma is a b!tch…