need advice no sign of the money MIL owes me HELP!!!

welshmoneylover

I'd be asking them tonight not wait until the end of the year.

You're being very gullible and they know it so are probably playing on it.

ASK THEM TONIGHT

mrcow

"Hi Xxxxxx. I need to have a word about that £2000 you borrowed from me. We need to work out how you're going to start paying it back. I was going to come over tonight so we can sort something out. Is tonight okay with you?"

Then go and sort it!

RAS

youngmummy wrote: »

we have had to take out a LOAN for some unexpected expenses

This really worries me.

I do hope that you have not signed a loan in joint names for any reason, given what you have said previously.

Do you realise that in law, if your partner stops paying, you are fully liable for the whole of that loan, if it is in joint names, not half of it?

Given how good your parents in law are at re-paying debt, there is a real risk that you are delibarately being saddled with other peoples' debts and then left high and dry.

sassyblue

I think they've got a cheek (to say the least!!)

You need to start asking for it back otherwise they'll never repay you, and don't forget to lay it on thick 'we're having trouble and desperately need it' because it's true.

Good luck, and think twice (at least) if they ask again for a loan.

red_devil

if you dont have any luck dont buy them any presents for birthdays and xmas and try and recoup some costs that way?

Accountant_Kerry

I know hindsight is a wonderful thing but don't lend if you need it back, better to give if you can / want to, lending never works out well.

ema_o

I think its a shame you didn't ask them for the money back at the point you had to take out the loan, that would have been a good opportunity to bring it up.

However I would go together with your OH and ask them in person, I would phrase it so's you're not asking but telling, so "We need that £2000 back that we lent you, do you want to start paying £500 a month in January or would you rather start now?"

Do they know you had to take out a loan?? If they do I am shocked at their cheek (well, I am shocked at their cheek anyhow!). You may find they were never planning on paying you back, but ask now definitely don't give them another year before you ask!!!

youngmummy

hi thanks for all your replys .... we are going to there house tommorrow and we're going to tell them stright that we need the money as i personally think they were hoping they could walk all over us and we wouldnt ask for it back.
they have had dept or their life .... they went bankcrupt 20 years ago ... and altho they borrowed that money off us they have just took out more loans credit cards ect. and pay everythink off in minimum repayment .... i know i have a catolougue but it is 0% so im not paying any intrest and i have only had it a month and each month will be paying at least double minimum repayment. i will be using the money in my pot for the loan.
we did ask them if they could start paying us back when we took out the loan and they said they dont have a penny spare and they cant afford to yet ... at that point my partner jumped in and said if it was a loan from the bank they wouldnt have a choice and they would have to pay when the bank said not when they felt like it .... my partner has said he will tell them tommorrow that they need to start paying it back ...tbh i think it will end in a huge argument as MIL and FIL can be very selfish
thanks for all your comments ,

BitterAndTwisted

You're right, it will end up in a huge argument and I don't think there's a cat in hell's chance that you'll ever see that money going by what you've said. Family are a lot easier to fob off than banks and credit-card companies. I'm just a little shocked that they're getting themselves back into debt after having gone bankrupt before.

If you write it off in your own mind before you talk to them I expect you'll feel a lot less stressed about it.

I'll PayPal you a fiver if you ever see a penny of it by this time next year.

cheepskate_2

You know , out of all bad things that happen to us , there is something possitive that can be taken from it .
I think you are going to have to look for the positives or your going to drive yourselves crazy as i also think you will not see your £2000.

Bear in mind this is one part of "your" familys personality and now keep it in mind for any future senarios.

As a couple i assume you have talked about his familys debt/ lack of conrol and if not it would be a good time to do it and know where the 2 of you firmly lie in regards to debt and borrowing what you cant afford to pay back

Good Luck