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Loneshark Threatening Brother and his Family?
Comments
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No point in evev trying to pay them anything. They will only ask for more and more bets thing to do is clear off. The thing with loan sharks is they have might have borrowed off someone as well so every threat your brother gets they will be getting the same from somone heavy. Get away for a while and with a bit of luck the other bloke might get found in the canal some time in the near future. Paying them wouldn't be an option. Make sure he has good house insurance in case they try and prove a point.0
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He went to the police who advised him to repay the loan shark.
Really? I find it hard to believe the police would give this advice in respect of an illegal lender.
Tell him to call 0300 555 2222, this is the number of the Illegal Money Lending Team
ETA: I see this advice has already been given.
Hope everything works out OK.0 -
Hmmm, in the words of Victor Meldrew "I don't beLIEVE IT!".
SiL turned up today. Claimed ignorance of what's happening saying she flew back into to the country today.
She had a go at brother about the state of their house (he had been going through everything trying to find paperwork, valuables, etc) then also had a go when he told her he had reported loan shark to police.
She has said the first guy (who made the threats) did lend her money but the others did not. She has money with her to pay him off but not enough to pay completely. Brother has asked if I can lend him the rest. She has also admitted to stealing money from his business to pay the loan shark off (the amount she has admitted is less than he figured but around the similar amount).
They have been to the police and asked for the investigation to be withdrawn. Have also contacted the illegal money lending team and asked them to withdraw the case.
I can see my brother is very conflicted. After everything everyone has told him he doesn't want to believe his wife but also he wants to believe her so things can go back to normal (and he can re-open his business, move back into his house, etc). Think he's also holding out hope the money she took to Thailand (to "help out her mum's business which has been hit by employee fraud") will come back at some point.
I can understand his point of view, but just hope he is more circumspect about his wife in future!
Have told him I will lend !him! the money he wants so long as he makes 100% sure it is for paying this debt back and not to line her pockets. Have also told him I want him to sign a letter stating exactly what he has borrowed off me to date so if worst came to the worst and his house had to be sold I would get it back (don't want her waltzing off into the sunset with everything should they split).
Lastly told him he needs to ensure she never does anything like this again. Problem being brother cannot police this as her and her friends all converse in Thai which brother only knows a few words of.
Sadly my suspicious side says this will all happen again in a year or so's time...0 -
Hmmm, in the words of Victor Meldrew "I don't beLIEVE IT!".
SiL turned up today. Claimed ignorance of what's happening saying she flew back into to the country today.
She had a go at brother about the state of their house (he had been going through everything trying to find paperwork, valuables, etc) then also had a go when he told her he had reported loan shark to police.
She has said the first guy (who made the threats) did lend her money but the others did not. She has money with her to pay him off but not enough to pay completely. Brother has asked if I can lend him the rest. She has also admitted to stealing money from his business to pay the loan shark off (the amount she has admitted is less than he figured but around the similar amount).
They have been to the police and asked for the investigation to be withdrawn. Have also contacted the illegal money lending team and asked them to withdraw the case.
I can see my brother is very conflicted. After everything everyone has told him he doesn't want to believe his wife but also he wants to believe her so things can go back to normal (and he can re-open his business, move back into his house, etc). Think he's also holding out hope the money she took to Thailand (to "help out her mum's business which has been hit by employee fraud") will come back at some point.
I can understand his point of view, but just hope he is more circumspect about his wife in future!
Have told him I will lend !him! the money he wants so long as he makes 100% sure it is for paying this debt back and not to line her pockets. Have also told him I want him to sign a letter stating exactly what he has borrowed off me to date so if worst came to the worst and his house had to be sold I would get it back (don't want her waltzing off into the sunset with everything should they split).
Lastly told him he needs to ensure she never does anything like this again. Problem being brother cannot police this as her and her friends all converse in Thai which brother only knows a few words of.
Sadly my suspicious side says this will all happen again in a year or so's time...
Your good, there is no way on this earth I would borrow money to my brother if this happened to him and make it worse he has called of the police and the other people.
He is going to learn his lesson very soon as he is clearly blind to everything she has been upto and is still in denile.It's better to regret something I did do than to regret something that I didn’t. :EasterBun0 -
Hmmm, in the words of Victor Meldrew "I don't beLIEVE IT!".
SiL turned up today. Claimed ignorance of what's happening saying she flew back into to the country today.
She had a go at brother about the state of their house (he had been going through everything trying to find paperwork, valuables, etc) then also had a go when he told her he had reported loan shark to police.
She has said the first guy (who made the threats) did lend her money but the others did not. She has money with her to pay him off but not enough to pay completely. Brother has asked if I can lend him the rest. She has also admitted to stealing money from his business to pay the loan shark off (the amount she has admitted is less than he figured but around the similar amount).
They have been to the police and asked for the investigation to be withdrawn. Have also contacted the illegal money lending team and asked them to withdraw the case.
I can see my brother is very conflicted. After everything everyone has told him he doesn't want to believe his wife but also he wants to believe her so things can go back to normal (and he can re-open his business, move back into his house, etc). Think he's also holding out hope the money she took to Thailand (to "help out her mum's business which has been hit by employee fraud") will come back at some point.
I can understand his point of view, but just hope he is more circumspect about his wife in future!
Have told him I will lend !him! the money he wants so long as he makes 100% sure it is for paying this debt back and not to line her pockets. Have also told him I want him to sign a letter stating exactly what he has borrowed off me to date so if worst came to the worst and his house had to be sold I would get it back (don't want her waltzing off into the sunset with everything should they split).
Lastly told him he needs to ensure she never does anything like this again. Problem being brother cannot police this as her and her friends all converse in Thai which brother only knows a few words of.
Sadly my suspicious side says this will all happen again in a year or so's time...
You haven't stated how much money you will be lending, but if it is a significant sum, you personally need to seek legal advice and warn your advisor of a potential divorce. Family loans are treated as 'soft' by the family courts and are often ignored when dealing with divorce settlements. A piece of paper you draw up between you I would imagine won't be enough to convince a judge that the loan is a 'real' one.
I speak as I find and I appreciate that you probably haven't given all the information here but did your brother know exactly why she was going to Thailand or not? It just seems to me that if he didn't know - and she's taking money without asking - he has some quite serious issues within his marriage which need to be ironed out. Unless she was situated in a major city, it is unlikely she'd have been contactable all the time (and even in a city, it would probably have been dodgy) so I wouldn't read anything particularly untoward into her not answering the phone. However, it seems there is a huge 'blank' in the story - whether that's because you have chosen not to tell it all or whether your brother is genuinely in the dark is important for his future. He needs to try and get to grips with it all for his own sake. I suspect there will be an awful, awful lot more to this.0 -
He knew she went out to Thailand, he'd paid for her flight. She flew out there to resolve a problem with her mum's business.
He didn't know about all the supposed debtors that came out of the woodwork once she had gone.
He also didn't know about her taking the jewellery and clearing out the bank account, spare cash, etc. She has told him she had to do this as she needed money over there (we're talking thousands, not petty cash!)
When she was over there (not in a major city, somewhere near Phuket I think) he was able to contact her on her mobile but then when he started getting threats she was no longer contactable (phone going to voice mail). She said she had managed to break the SIM (unless she did this whilst trying to swap the SIM for some reason no idea how she managed that).
Everything that's been said is plausible but my paranoia antenna is going off full scale! SiL think's she's smart but (without trying to be nasty) I could run rings around her and am hardly the brain of Britain!
My brother already owes me some thousands and he wants to borrow some more. This is money which was planned to top up this year's self select ISA. Can live without but will be missed (so far been doing well on shares, 211% in the most exceptional case).
I'm in a quandry. I don't want to line her pockets but again I would do ANYTHING for my brother whom I trust (even if he does get himself in some stupid situations which I would steer well clear of).
My head says don't do it, my heart says help my brother out and take it on the chin if need be, I won't be bankrupting myself.0 -
My head says don't do it, my heart says help my brother out and take it on the chin if need be, I won't be bankrupting myself.
Listen to your head. Your brother is choosing not to see the truth.
What do you think his wife will do when the money dries up? Better if she walks out now than six months down the line with your money as well as your brother's.0 -
keep your money safe so when your brother has to leave in a hurry, you have enough to set him up in a rental property far, far away.Debt free 4th April 2007.
New house. Bigger mortgage. MFWB after I have my buffer cash in place.0 -
. My sister-in-law has pulled a disappearing act and now a loan shark has popped out of the woodwork demanding interest payments with menace.
Did he tell you this or did you think this?He knew she went out to Thailand, he'd paid for her flight.
This doesn't make sence as he would have known when she was coming back.
Ok I think I am going to leave this thread now as I think you have decided what your going to do.
P.S I hope you know what your doing, owing money to family is very tricky your better of telling him to put your name on the deeds to his house to the % of what he owes youIt's better to regret something I did do than to regret something that I didn’t. :EasterBun0
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