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Should I lend money to my deadbeat in-laws?

Americans are in deeper in debt than at any time in our history. For many, debt has become a critical safety valve in financial emergencies. For others, it’s a useful tool for managing the cash flow ups and downs that come from seasonal work or a job that doesn’t provide a steady income. Without mortgage debt, few people would be able to own a home.
And then there are those who just don’t get it: No matter how easy lenders make it for you to borrow, you’re eventually going to have to pay it back.
But what if someone you know is in the latter category — falling further behind every day? What should you do? This week, one reader wants to know: Should I lend more money to bail out my in-laws? If not, what can I do?

Comments

  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    bail them out and put in contract - miss one payment and I get to eat you for tea.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    If this is for a magazine or something you need the explicit permission of the forum team before you can post.

    oh and we're not americans. Just so you know.
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • omen666
    omen666 Posts: 2,206 Forumite
    1,000 Posts Combo Breaker
    OP is copying this story from 3 years ago http://www.msnbc.msn.com/id/21153221/

    His username is killersneakers which is a reference to the killer sneakers website and his signature is
    "Air Jordan and Michael Jordan is just a coincidence? No

    Suggest all click on the spam icon
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    Should you lend the money? f**k knows but you could try getting lost for posting this rubbish.
    "We want the finest wines available to humanity, we want them here, and we want them now!"
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