I was then living in the states and my father told me that when he went to the funeral and viewed the body, his facial expression was frozen in a state of agony.
And undoubtedly someone has the picture to prove it.
RIP
I was then living in the states and my father told me that when he went to the funeral and viewed the body, his facial expression was frozen in a state of agony.
I don't care any longer what agreement they had, where's the paper/contract, natta!! was all verbal!
So, I don't know how I can help her here..I want some damn peace in my home for a change for we have been going through a lot lately..Nothing wrong with us as a couple, just many issues..
Delite, you've given some good advice, but could you clarify this.?Are you generalizing, or is this specific to the DR?I mean the part about the children? I'd agree that it can get ugly in terms of the adults, but I didn't realize it involves children in the DR. I can think of a few countries that this come to mind in, but not the DR. Please say is isn't so . . . .
Sorry to startle you but it is what it is sadly speaking of course.
La Rubia,
Unfortunately, this isn't a generalization. I mentioned that I have a very good friend who is a prominent businessman in Santiago. He gave me insights on both lending of money to potential homeowners, and to the average person in the streets.
Besides, I'm on the ground four, and sometimes five times a year. Over the years, I've developed relationships with people from all stratus of society.
For example, the killing of prestamistas are very common place. The kidnappings of children and borrowers also occur frequently. In some cases, we read about it in the dailies after the bodies have been discovered.
I am not referring to levels like Colombia, Mexico or South Africa, but just to enlighten you of the dangers involving oneself in this underground trade which is prevalent in all the barrios.
Sorry to startle you, but it is what it is; sadly speaking of course.
And undoubtedly someone has the picture to prove it.
RIP
Yes, you know that Dominicans are famous for taking pictures of the dead.
It was so tragic. He left behind a wife and 3 children.
It doesn't make sense that he was killed over an outstanding loan. And here is the reason why: In the DR, you don't get any kind of "significant amount of money" loan unless you put up some kind of equal collateral--i.e house, property, etc.
Getting a loan on your paycheck is common, but not for anything significant. Why? because Dominican's paychecks are usually no more then $7,000 (most common) to $40,000 (A professional or government worker) pesos a month. Based on that figure is the amount of loan you will qualify for. Hence, you don't killed over $20,000-80,000 peso loan.
In order to qualify for more money--and especially to qualify for a significant amount of money (life threatening kind of money) you have to put something up as collateral. That collateral is checked by in-house lawyers to see if it has any outstanding debt on it. If not, the title of whatever it is is held by the Finance bank, or loan shark, or big bank. If you default on the significant amount, they simply come and take possession of whatever collateral you put up--I.E house, property, dump trucks (Plural), business, etc.
And when its a significant amount, the lender is only interested in obtaining the collateral you put up, not in killing. The hope is that, you'll find some way to renegotiate the loan and get back into paying it off--that way everyone makes money.
My guess--although i have no idea...so take this with a grain of salt--your father's friend was killed for other reasons that went above and beyond the outstanding loan amount.
It's just a guess, so don't take it as some fact.
Frank
It doesn't make sense that he was killed over an outstanding loan. And here is the reason why: In the DR, you don't get any kind of "significant amount of money" loan unless you put up some kind of equal collateral--i.e house, property, etc.
Getting a loan on your paycheck is common, but not for anything significant. Why? because Dominican's paychecks are usually no more then $7,000 (most common) to $40,000 (A professional or government worker) pesos a month. Based on that figure is the amount of loan you will qualify for. Hence, you don't killed over $20,000-80,000 peso loan.
In order to qualify for more money--and especially to qualify for a significant amount of money (life threatening kind of money) you have to put something up as collateral. That collateral is checked by in-house lawyers to see if it has any outstanding debt on it. If not, the title of whatever it is is held by the Finance bank, or loan shark, or big bank. If you default on the significant amount, they simply come and take possession of whatever collateral you put up--I.E house, property, dump trucks (Plural), business, etc.
And when its a significant amount, the lender is only interested in obtaining the collateral you put up, not in killing. The hope is that, you'll find some way to renegotiate the loan and get back into paying it off--that way everyone makes money.
My guess--although i have no idea...so take this with a grain of salt--your father's friend was killed for other reasons that went above and beyond the outstanding loan amount.
It's just a guess, so don't take it as some fact.
Frank
I disagree with you. The kidnapping of children is unheard of. In the very rare case when its happened, it's happened for other reasons--and not because of an outstanding loan. The killing of children because of an outstanding loan is so rare that it's hardly worth mentioning. I've never even heard of it. Of course it could have happened, but it's probably almost non-existent.
The Killing of people that are loaning the money...Ok, it's not something i doubt happening every now and then--and i could certainly see it happening--but i think its probably more rare then you are led to believe.
The kidnapping of children--for any reason-- in the DR is so rare that it's almost unheard of....and when done, it's not because their father or mother owes money to a loan shark, but more for other reasons.
Frank
Need some DR experience here for I have no clue what people can arrange in borrowing money..Meaning, Contract killings, Mafia ties, etc, because something stinks here!!
Okay, my girl borrowed some money after he EX of 8 Years split on her taking everything with him, but of course left her to pay all debts. How does a woman do that being alone and only earning so much per Month, you know the deal here in the DR, 10,000 a Month or 30,000 at best in most cases. So, She borrowed some money long before we got together. She agreed to pay 4,000 a Month, but there is interest attached to this..No idea how its figured in, but of course its 4,000!! Meaning, she pays 4,000 and nothing hits the so called principal.. This so called friend will follow her to the ATM in making sure she gets her money..Or if not, she will call and call, I'm serious, the calls do not stop until she answers...Now, my girl happens to be the President Executive Secretary at her job, oversees about 15 other workers, so really, she is this girl's boss.
However, This girl will make a scene on the job every time if my Girl is late with her money..Its very , very stressful for her..As of now, my girl has paid 14,000 over what was owed, should be done with and I don't care any longer what agreement they had, where's the paper/contract, natta!! was all verbal! if this was a dude, I would have gone there to see how my size 14 shoe fit his arse! I advised my girl to go to her boss and explain what's going on...I would not accept this behavior in my department for one second! OUT you go...
So, I don't know how I can help her here..I want some damn peace in my home for a change for we have been going through a lot lately..Nothing wrong with us as a couple, just many issues..If this was some what of the beginning, then I would just pay it off to the amount that was borrowed period, nothing more..But again, its past the amount that was borrowed by 14,000!! Enough is enough! and just so you know, I really don't want to mention names here in case you're wondering why I wrote this as I did..
All that said, can my girl be in trouble here?? She gets very nervous when she cannot pay this SOB on time, just very strange and I'm sick of seeing her that way..What would you do if this was your wife or girlfriend? Are there Shark Lenders here? Maybe this person is afilated with one, how and where did she get the money to lend comes to my mind.. I just don't know, hoping some of you has some knowledge on a few possibilities. I just don't see this as a friend lending her money, hard to say...
Thank You
Skynet
Frank, I never said it was from an institution(bank). He borrowed money from shady characters.
I thought it was obvious when I said 4 men showed up at his house(witnessed by his wife)
I wasn't talking abut an institution or bank. They don't do this. I was referring to either a Finance bank or loan shark...they do not loan money in the DR without collateral up front--unless it's a small amount based on his paycheck. No one takes the chance in the DR to give a big loan out without equal collateral to hold onto--i.e house, property, etc.
The loan sharks are more then aware of the chances of him defaulting on his loan...they deal with it every single day in the DR. That's why in the DR they demand collateral upfront--I.E something of value. This is standard practice. Only a friend would loan money without collateral and a written contract.
Frank
Frank, I never said it was from an institution(bank). He borrowed money from shady characters.
I thought it was obvious when I said 4 men showed up at his house.(witnessed by his wife)
What he bought with the money was a set of living room furniture.
I wasn't talking abut an institution or bank. They don't do this. I was referring to either a Finance bank or loan shark...they do not loan money in the DR without collateral up front--unless it's a small amount based on his paycheck. No one takes the chance in the DR to give a big loan out without equal collateral to hold onto--i.e house, property, etc.
The loan sharks are more then aware of the chances of him defaulting on his loan...they deal with it every single day in the DR. That's why in the DR they demand collateral upfront--I.E something of value. This is standard practice. Only a friend would loan money without collateral and a written contract.
Frank
Sounds like I gal I knew back in Mississippi. These things don't just happen here. She always had 3 or 4 payday loans going at once and took up 90% or more of her check every week to service them and she'd do the same thing again to buy groceries etc... I bailed her out and took it out in trade so to speak, but 60 days after her and I split she called me and asked if I could help her out once more time. I'm a slow learner, but not that slow.
Der Fish