Family Loan

shelly_janssens

Right, this is slightly complicated.

My parents lent us some money to help us out. They then offered us a job (this looked like a good move for all parties involved) which we accepted and would make a monthly repayment to them out of the wages.
Unfortunately this 'employment' ended after 4 months, but i have only been paid for 2 months work. I am now in debt and have had to offer my creditors a token payment of £1.00 each month. My problem now lies with writing to my parents saying what we owe them minus what they owe us, equals total amount owing and making a token payment to them ( a sort of contra letter)
How do I go about writing this letter as I am now estranged from my parents
Please help i am really stressed about this.

Apples2

If this was your parents posting, we would all be saying "Why didn't you get the loan in writing, without it in writing, it is nothing more than a gift and you cannot take them to court with any realistic chance of success"

As it is you posting, if the loan was not in writing, you can argue it was a gift and you have every chance of ignoring them even if it goes to court.