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help!

wondering if anyone could give me any tips. basically heres the situation:

my dad runs a small business with my brother, working 7 days a week, and making an average wage, but because of struggles beforehand, my mum and dad are in A LOT of debt with loans, consolodations, overdrafts, credit cards, catalogues, freinds and family.

i try to help as much as i can, but im disabled so dont have much money myself.

i caught my mum in tears today because no-one will give her another loan and she feels trapped.

i know neither of them will give up the business or our house as theyve lived here nearly 40 years, and it would make them lose all their pride.

any advice that would help in even any small way would be so much appreciated, as it breaks my heart seeing my parents like this. kind thanks.

Comments

  • judi24
    judi24 Posts: 2,272 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I wn't to say good o you for posting on here. It's sometimes difficult to build up the courage. At least your concerns have been voiced so that might help to start with.

    I am quite new to this and don't feel very equiped to offer any real advice about your situation. I'm sure others will be able to help you more than I can.
    Just wanted to say hi and wellcome.
  • thanks thats really nice, its not easy to talk to people about this is it? its much easier on here.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    can you get your parents to post a statement of affairs (i.e. details of income, spending, debts etc) on here and maybe people will be able to help.

    see this thread for more details

    http://forums.moneysavingexpert.com/showthread.html?t=107280
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