Can you stop someone getting loans?

coldcazzie

Peachylou wrote: »

I came on for help (as you can see this was my first post) I was looking for advice not nasty comments. I am not to blame for this situation! My Mum is ill from the stress of it all and I decided to help him because I really thought that by sorting it out once and for all I would be helping my parents.

It's so hard to live with this kind of situation, I'm not surprised your mum is stressed.

In this kind of situation though, you need to address the root cause, and the root cause is your brother's spending habits. Without changing those the loans will continue, and the debt collectors will continue to chase your brother.

The best thing to do will be to stop bailing him out. Sometimes you have to be cruel to be kind. But there will definitely be a period of it being worse before it is better.

As Tixy said, what is he spending the money on? And are you sure it's bailiffs? Bailiffs implies CCJs...

coldcazzie

Peachylou wrote: »

That wasn't my question. The question was "Can you stop someone taking short-term or pay day loans?"

Afraid the answer to that is no. You can't stop the companies dealing with whomever they want.

chesky369

Explain things to your parents very clearly. Bailiffs can ONLY take goods belonging to the person concerned - they cannot take your parents things. Your parents should never allow bailiffs over the doorstep unless they have a warrant given by the courts - and if they try to say they have, get your parents to read it very carefully, bailiffs have been known to tell porkies and wave bits of paper at people who are too frightened to challenge them.

Your brother will never change unless his family gets tough with him.

ILW

Peachylou wrote: »

That wasn't my question. The question was "Can you stop someone taking short-term or pay day loans?"

Assuming they are an adult and have not been sectioned or had some sort of power of attorny in place, nothing you can do.

drjones

Peachylou wrote: »

That wasn't my question. The question was "Can you stop someone taking short-term or pay day loans?"

Alright, yes, YOU can by not lending him any more money. His credit rating will be destroyed when he doesn't repay and none of the payday companies will want to deal with him again. Apart from that, no.

There's no easy way out of this. Either someone gets him to get his act together, or you force him to by letting him screw up and realise the consequences.

RichGold

Tixy wrote: »

You can't stop him getting loans.

That's not strictly true.

If you stop bailing him out, allow him to dig himself into another mess with payday loans and then, before long, they'll stop lending to him of their own accord.

That sounds like the best plan to me.

If he has no regard for his financial future I don't see why it should be your responsibility to rescue him each time.

Does he have drugs/drink/gambling issues?

RobEssex

To be fair I was exactly like your brother , my mum and dad bailed me out once, when I did it a second time (god knows why) they didn't offer to bail me out atall - its the only way I learnt and had to find my own way out.

Peachylou

coldcazzie wrote: »

It's so hard to live with this kind of situation, I'm not surprised your mum is stressed.

In this kind of situation though, you need to address the root cause, and the root cause is your brother's spending habits. Without changing those the loans will continue, and the debt collectors will continue to chase your brother.

The best thing to do will be to stop bailing him out. Sometimes you have to be cruel to be kind. But there will definitely be a period of it being worse before it is better.

As Tixy said, what is he spending the money on? And are you sure it's bailiffs? Bailiffs implies CCJs...

We don't know what he's spending the money on, he never has anything nice (like clothes, gadgets etc), so I can only presume its drinking, going out etc. When Mum & Dad approach him , he just shuts down and can't explain himself.

It is just so stressful, one person is causing so much stress on everyone in the family. My Mum & Dad just wont learn and keep giving him money for train fare to work any any other time he finds himself short of cash.

I think it must be debt collectors then as he hasn't been to court. But it is still horrible for them to have to deal with these people ringing the house, sending letters when they've done nothing wrong.

We lent him the money recently to wipe the slate clean, I absolutely regret that decision now!

CHR15

Bailiffs taking stuff from your parents is no different from them turning up at my house and taking my stuff for his debt.

Take note of the comments about Court Papers, a lot of Debt Collectors claim to be bailiffs but in fact have absolutely no powers at all, other than to scare people

27col

You didn't lend him money to wipe the slate clean. What you did was to give him money, thus ensuring that the slate will never be clean.
You must know that there is no likelihood of him wiping the slate clean until you stop bailing him out. Then he will have to do something about his profligate way of life.
Hard as it may be for you and your parents, what is required is some tough love, he will never change without it.
As someone has already said. If the loans are allowed to fail, then they will stop lending the money to him. If you keep bailing him out, the loan companies will continue to lend, the answer is in you and your parents hands.