Would you lend your son money late pay day

Tropez

victory wrote: »

No way would I think a young man would ever need a credit card and would never suggest it to him, I have no cards, OH has no cards, we have no debts, we had a right problem some years back and would never ever want to go back to that, I would rather go without than go through that again, no

But surely your experiences would be a valuable learning tool?

Even the Financial Ombudsman recommends, with guidance, that consumers use credit cards for purchases over £100 because Section 75 of the Consumer Credit Act grants them important protection in the event that they are ripped off in one way or another.

I've had a credit card since I was 18 and I always use one if I'm making a purchase of £100 or more. It also gets paid off in full each month.

Lily_The_Legend

Well congratulations on having such a romantic son, who wants to take his girlfriend out to celebrate their anniversary! :T

I would say lend him the money, yes. It'd be a shame if they didn't go now, when they've been looking forward to it.

Plus it's not his fault, it's his employer's! If he hadn't managed his money very well I could understand your hesitation, but in this case you'd be punishing him because of his employer's mistake.

Bennifred

victory, is this the same son who was demanding all sorts of expensive presents for his eighteenth birthday, as of right? If so, my response to your question about a loan would depend on what happened on his birthday - his sense of entitlement was off the scale!

fluffnutter

Hmm, later posts have suggested that this son is a bit of a monkey! In which case, no! He can't have any money! Tell him to make some sangers, buy a couple of pork pies and take her for a picnic. In the rain, probably!

victory

Tropez wrote: »

But surely your experiences would be a valuable learning tool?

Even the Financial Ombudsman recommends, with guidance, that consumers use credit cards for purchases over £100 because Section 75 of the Consumer Credit Act grants them important protection in the event that they are ripped off in one way or another.

I've had a credit card since I was 18 and I always use one if I'm making a purchase of £100 or more. It also gets paid off in full each month.

I see what you are saying and would agree that a card makes total sense, we had some, we never managed to pay them off in full, we got into debt, we suffered, the cards went, the horror of it all we have never replaced them, we have an unused mastercard 'in case of emergencies' but have never thank God used it and it stays in the draw, to go back to that no thanks.

Hermia

I would lend it to him. If the son was completely !!!!less and always running out of money or spending it on trash I wouldn't lend it as a lesson. But the lad has had this happen through no fault of his own and it is a special occasion. I agree people need to live within their means and generally think lending to family/friends is a bad idea. But surely most people have occasionally let someone borrow a small amount when there has been an emergency?

victory

Lily_The_Legend wrote: »

Well congratulations on having such a romantic son, who wants to take his girlfriend out to celebrate their anniversary! :T

I would say lend him the money, yes. It'd be a shame if they didn't go now, when they've been looking forward to it.

Plus it's not his fault, it's his employer's! If he hadn't managed his money very well I could understand your hesitation, but in this case you'd be punishing him because of his employer's mistake.

Thank you, punishing him no, just please delay it so that when you do get paid it is all there for the taking:D

victory

Bennifred wrote: »

victory, is this the same son who was demanding all sorts of expensive presents for his eighteenth birthday, as of right? If so, my response to your question about a loan would depend on what happened on his birthday - his sense of entitlement was off the scale!

It was, it so so was, it got sorted, all calm, he was put in his place, he has been spoken to so severely he knows, he knows he was off the scale, he had a great birthday and is trying real real hard to be a much calmer better son:D

victory

fluffnutter wrote: »

Hmm, later posts have suggested that this son is a bit of a monkey! In which case, no! He can't have any money! Tell him to make some sangers, buy a couple of pork pies and take her for a picnic. In the rain, probably!

The monkey is not a little quiet chimp:rotfl::rotfl::rotfl::rotfl:

Kimberley82

victory wrote: »

Thank you for calling me cold, this thread had some great posts but from now on with being called cold and mean spirited I imagine as per will deteriorate, shame that people feel able to bandy about words so easily.

I am trying to teach him the importance of money and went as far as to offer him my secret xmas stash, it is not as if he could not have taken me up on that and still had his beautiful 1st celebration without having to go without and without having to owe money.

I am sorry I worded that wrong, your attitude is cold.

Its not like he say been paid and wasted it all, he has done the right thing, gone out and got a job and been messed about, not his fault. I have always been taught its a familys job to help each other out when things go a bit wrong (it happens to all of us at sometime).