Adult son- financial problems

SparkyG

smartiepants wrote:

SparkyG,

The consequence of whatever you do, may have a direct effect on the future decisions your son makes in his life, which in turn will affect your grandchildren and thier mother, so, for the sake of them, think long and hard about your decision, if he is not prepared to listen to advice then you need to take another tack, something that is going to make him realize the consequences of his actions, and I think the suggestion above of taking a further £5000 loan and giving it to brother may well do that, I know that it will be hard to actually ask him to do this, but in my honest opinion it is being cruel to be kind, think of your grandchildrens future if he keeps going on like this, it will be very difficult for them. Please don't take offence at these comments, but I think you are going to have to be strong now to minimise something like this happening again in the future.

Good luck xxxx

Thanks for your opinion, and no I don't take offence! It's really interesting getting lots of different views, and I think I've decided what to do now. I really don't want him taking on any further debt, but I SHALL ask him to repay £5000 into a separate savings account in his brother's name, ot to me which I will then give to his brother. Quite honestly that solution would not have occurred to me without all the suggestions I have been offered, so thank you everyone :beer:

savvy

Good luck with it Sparky, and hopefully he will learn. If not, you have to try and think of something more radical, perhaps like making him volunteer for a debt counselling call centre, so he can see for himself how bad things can get with continuous borrowing