Morally wrong? Or best in the long run?

southernscouser

ejones999 wrote:

Read the original post again please.
You seem to think that taking money out of someone else's account is alright because you had stuffed up. I do not!
Where exactly is OP going to get £800 to repay kids accounts once she has repaid her own debts?(That day never comes because something always crops up when you least expect it).

The last paragragh is uncalled for and would call for you to apologise.

I've re-read it! And?

Read my post. Did I say the OP should take the money? Did I say it was alright or not?

You will have to ask the OP that question coz it's not for me to answer!

I will apologise if it means that much to you but I'll be honest with you in that I won't mean it. You have with no evidence cast an opinion that the OP would not pay back money they have borrowed from their kids and likened it to stealing from an old lady.

It's not you that warrants an apology in my opinion!

calleyw

chocaholic110 wrote:

Eeek...wish I hadn't started this thread!!

To be fair, we are not desperate for the money eg we won't starve or be evicted or anything.

But we do have a level of debt due to the fact that we have both (stupidly(?) ) lent money to family on our credit cards that hasn't been returned. Over the years have just been making minimum payments thinking "It's not my debt" and hoping that family members will somehow come into the money to pay oit back. They haven't and it has been years.

Had a lightbulb moment and have started to pay everything off, am economising madly, have ebayed loads (my stuff not kids!!) aand taken on a lot of ideas on here and have reduced the debt by about a third in the last month (and that's a BIG chunk, believe me).

Just trying now to pay off as much as poss as fast as poss so that we can reach that debt free day faster and get the bigger house we need (some will say want).

It will mean that family members are in debt to us rather than credit cards but that's probably going to be better in the long run.
Judge if you must!

Sorry did not mean to make you feel bad. And do see both sides and know what I would do. You have do what you feel is best.

Also if family members have borrowed then you need to get it back. Be a broken record. Tell them you need the money and you don't care if it is £10 a week you get back. Turn up on their doorsteps if they are local once a week and say you have just popped by to pick up the money. Be a talley (SP?) man.

I know they are family but I lost £500 in cash to a friend and I don't know what in the equity if house we bought togther. In the end it is was a worth while investment as I got her and my ex's family out of my hair (at the time she was going out with my ex's brother). But the new improved Calley would not let it happen. I was to soft and did not want to see them go with out. But they where better off then me as I was one income they where two and I ran a car as well.

The best advice I have every heard about lending money is if you can't afford to lose the money don't lend it.

And if you it cost that never to see that person again then it was a worthwhile to loose that amount :rotfl:

All the best.


Yours


Calley

P.S forgot to say well done on getting the debt down by a third already keep at it.