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For those who have borrowed from family...

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Comments

  • chiefton wrote: »
    Well that sounds like my sister!. Since 1981 she had borrowed a total of £66,000 from my parents for 2 busineses both of which are now bankrupt!. The first amount was £35,000 which in 1981 was a lot of money!. Since then she has constantly borrowed cash for cars, home improvements, holidays and schooling fees for my niece!. Her last little venture saw her take the last of my Dad's savings and buy a business in spain which lasted 2 years before going bust!. It left me with terrible depression having to take on my Fathers debts or his house (the house that I live in by the way) may have to be sold!. I am now his unpaid carer because he has had 3 strokes in the past 4 years. I havn't seem my sister in 5 years!!!. Has anyone got a moral to the story?:(

    Other than your sister sounds like a complete and utter cow, not really.
    It's always darkest before the dawn.

    "You are sheep amongst wolves, be wise as serpents, yet innocent as doves."
  • CompletelyLost
    CompletelyLost Posts: 2,862 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 18 May 2010 at 12:25PM
    Judging from some of the stuff I've read in this thread I'm now convinced that some people are born without a conscience...
  • Nottoobadyet
    Nottoobadyet Posts: 1,754 Forumite
    Debt-free and Proud!
    How horrible to hear of people being so shamefully dishonest! Sorry to hear, all.

    I borrowed my uni fees for my MSc (paid for the BA myself) from my mum and am paying it back as fast as I can. TBH I know most people dont think they should pay back their school fees if their parents pay them, but I know my mum can use the money and I feel better knowing she'll get it back after all money and effort she put into raising me. I wish I had paid it back faster but sort of fell off the wagon last year when there were various personal issues I was dealing with - hope to have it back to her in full in September, about 3 years after she first lent it to me.
    Mortgage free by 30:eek:: £28,000/£100,000
    :DDebt free as of 1 October, 2010:D
    Taking my frugal life on the road!
  • Thats awful, my only question is if you have had papers drawn up do you not have anything to stand on to get your cash back ??
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
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