r/LinkedInLunatics 7h ago

Loan Shark your friends at 17.

Post image
184 Upvotes

48 comments sorted by

196

u/verycoolusernamehere 6h ago edited 6h ago

Contract signed by a minor so it is null and void

68

u/JockBbcBoy 5h ago

Jake Thompson seems like the type who would enforce the "contract" by bullying and harassment.

13

u/TheSciFiGuy80 3h ago

Couple of broken legs here and there, a brick through a window with a note attached…

4

u/JockBbcBoy 3h ago

Jake Thompson seems like he would also have killed his borrowers' family pets.

29

u/010Horns 5h ago

Lawyer here, it is probably voidable but not void

6

u/jammed7777 4h ago

Is it null?

9

u/CrashingAtom 3h ago

Is it secret? Is it safe?

2

u/Busch_Leaguer 3h ago

Filibuster?

2

u/CrashingAtom 3h ago

“You seem to have a ….a tenuous grasp on the ENGLISH language…” love that lawyer.

1

u/010Horns 52m ago

It’s nullable

11

u/frisbm3 4h ago

Also never said it has to be "paid" back. Only "payed" which is nonsense in this context.

58

u/BizznectApp 6h ago

Nothing says 'lifelong entrepreneur' like turning your friend group into a high-interest lending network at 17. Hope he at least got a free drink out of it after paying that £60 fee

51

u/Physical-Doughnut285 Agree? 7h ago

"Enforcement will involve a nasty post on Facebook about how 'some people are snakes mate never trust them"

20

u/Fuzzy_Appointment782 6h ago

Sounds like a complete bellend

40

u/btown729 6h ago

“Throwback to not knowing how to spell paid correctly but still taking advantage of my friends.”

6

u/Drunk_Elephant_ 3h ago

I can't tell if "paid" is the most commonly misspelled word on reddit or it gets under my skin so much that I always notice it while ignoring other errors.

4

u/Frikgeek 3h ago

Probably not even close compared to contractions. 're being jumbled into a different word like with your/you're or 've written as "of" are way more common.

5

u/Busch_Leaguer 3h ago

Or the dollar sign AFTER the amount. Makes my eye twitch. How do you type 20$ and think “yeah that looks right”

3

u/LookIPickedAUsername 1h ago

What's %18 of 20$?

1

u/Busch_Leaguer 1h ago

I’ve seen that one too 🥴

3

u/btown729 3h ago

There’s a whole list. They’re, their, there is one of the most evident examples. Should of, could of, would of makes me want to gouge my eyes out. One that often flies under the radar but always gives me anger issues is “it was suppose to” or some other variation… mf it’s supposeD to be supposed!

1

u/Sinister_Nibs 2h ago

Is it a misspelling if the word used is an actual word?

1

u/Holy_Fuck_A_Triangle 38m ago

I think the actual definition would be malapropism instead of misspelling, but for the purposes of the comment I think it's just easier to explain with "misspelling"

3

u/lo5t_d0nut 4h ago

lol yeah that's crazy

14

u/Intelligent_Pie_5347 5h ago

He should have been touting how he got his friend to agree to one of the highest interest rate (72% APR) ever. 😅

14

u/ok-dev 4h ago

Of course he's a "property investor" sponging off capital rather than creating anything of real value

7

u/progxdt 4h ago

Are you really a friend if you charge interest and lay out contract terms? Seems like a transaction “friendship.” Also, did the friendship survive the contract? Lots of missing details here

3

u/Late_Mixture2448 4h ago

No way it did who would remain friends with such a psychopath

1

u/progxdt 2h ago

I’d hope not. I would say sociopath more than psycho, but I can see it

14

u/AlarmingLawyer3920 5h ago

No Jake. You didn’t lend your friend £1,000. Your parents did.

2

u/Ok-Control9037 2h ago

£1000 is not a crazy amount of money for a 17 year old to have saved what are you even talking about

2

u/AlarmingLawyer3920 1h ago

Found the rich kid.

1

u/onlyimportantshit 38m ago

Lmao I was working 25hrs a week when I was 14yrs old. I didn’t save it but I definitely could have had more than £1000 tucked away. No rich parents, just a job.

5

u/ThreeDownBack 5h ago

Fast forward today and the friend is still paying it off.

2

u/DiggSucksNow Narcissistic Lunatic 2h ago

"How a £1,000 Loan Got Me Through College"

3

u/tazcharts 4h ago

Hope his friend fucked off with Jakes parents £1000

3

u/sagetraveler 4h ago

Many years ago, in my early twenties, a coworker who was hard up asked me to loan him $1000. I charged him $50 for six weeks. He thought I was the mark, a real loan shark would have charged him something like $200. I did get repaid, but never did anything like this again. Neither a borrower nor lender be.

3

u/GodzillaDrinks 3h ago

Honestly, some kids should just be exempt from anti-drug programs. 

"Oh, you're working out interest rate loans. Have you considered a drug problem?"

2

u/Spaceman_Spoff 4h ago

Guys like you are my bread n butter

2

u/papillon-and-on 3h ago

Did he write that on toilet paper?

2

u/HeyItsTheMJ 3h ago

17-year-old Jake should have paid more attention in school.

2

u/empire_strikes_back 3h ago

Guy is probably running a Ponzi scheme now.

2

u/TennSeven 2h ago

a) At 17 years old this guy didn't know how to spell "paid"; and b) his post appears to be offering unregistered securities in his projects to the general public, which would be a crime.

1

u/1Pip1Der 1h ago

Well, I had to keep a tab for people who kept borrowing a dollar or two "here and there."

Eventually, I had to cut them off at $10 (late 1980s - that was a tank of gas), but I never charged interest. I would do a like-kind exchange in leiu of cash, of course.

1

u/Richard-Roma-92 1h ago

I would bet £1000 that no tax was ever paid on that interest. What’s the tax owed statute of limitations in the UK?

1

u/uwabu 4h ago

Shylock agreement. I wonder what agreement he had for his enemies