Borrowed from a family member now they want interest!

MrsTinks

Legally she has no chance of getting the £1000 interest... she might stand a chance of getting the original amount back through small claims, but obviously morally at least this should be repaid. I would also say that morally she shouldn't be out of pocket but if she thinks £1000 is fair then my symapthy for her dwindles... I would think it sounds more like she watched the program on loan sharks and saw how much money can be made from illigal lending and fancies trying her hand...

JimmyTheWig

MrsTine wrote: »

but if she thinks £1000 is fair then my symapthy for her dwindles

The more I think about this the more I think £1000 was a typo and she meant £100.

miss_money_pig

He should pay the 28 quid that he owes her and then ask to see card statements for proof of interest charges.

Did he originally agree to repay the interest also or was he too dumb to realise that interest would be charged?

Losing out on the interest might teach Aunty to be a little less careless with her cards. She might even consider herself lucky to have recovered the amount she has.

vaporate

Can beat about the bush all day but put simple, the aunt has no chance in hell in a small claims court.

It is a black and white view in the courts.

BBB

wasn't expecting the disgusting snobbery, good god, some of you need to get your head out of your !!!!!!.

How dare you assume that my brother is a chav, he made a stupid mistake when he drink drove, believe me he regrets it. Just because he's unemployed this doesn't mean he's a chav, yeah he's not the most perfect lad but he's kind hearted and whilst I don't know the full story behind all this, I only have my brothers word for it. Though as some people have pointed out he has missed some payments so when I ring him later I'll ask him how long exactly did he agree this with her.

For the helpful posts, thank you. The rest, well you know what you can do.

Oh and for the record he will read the forum so cheers for making him feel like a piece of dirt.

For_Keeps

The way I see it is if she did not ask for interest to be paid when they had their "verbal agreement" then she can't ask for it now. I would just pay back the exact amount borrowed

Alias_Omega

Its madness lending someone with no income anything more than £20, anything higher than that and you will be getting £5 & £10 here.

The rest of the world has to take driving lessons, pass theory & driving tests to be allowed to drive. Also, we pay for taxi's & buses if we want to go out for a drink.


Instead, i would of left your brother to the bailiffs, then when he had no goods of any value, he could look around and say "This is what drink driving does to you", instead someone has bailed him out, and now they are paying the price for it..

Fools\

BBB

fwiw, I spoke to him tonight, he made his first payment in April and the last one in October, I got confused. apologies.

Ames

Bailiffs are a loooong way down the road, she needs to take him to court, win, get a court order, him break that court order, go back to court...

For_Keeps

Alias_Omega wrote: »

Its madness lending someone with no income anything more than £20, anything higher than that and you will be getting £5 & £10 here.

The rest of the world has to take driving lessons, pass theory & driving tests to be allowed to drive. Also, we pay for taxi's & buses if we want to go out for a drink.


Instead, i would of left your brother to the bailiffs, then when he had no goods of any value, he could look around and say "This is what drink driving does to you", instead someone has bailed him out, and now they are paying the price for it..

Fools\

I fully agree with what you're saying but we are not here to judge him or his brother for DUI. He went to court and got his punishment. The OP was asking about crazy interest on a loan