Lending money to an adult child

VitaK

woodbine wrote: »

the simple answer is DONT DO IT,the more complicated answer is DONT even think about doing it

I agree.

There are stories on here with friends and family falling out over these loans. It is not worth it.

If you have abit to spare from time to time, get him a food delivery. You would be helping him in a tough time, and he can chop the loans quicker.

Errata

Yorky1 wrote: »

Thanks for the many - and diverse - replies. Does anyone know of an accurate online repayment calculator and sample loan agreement which could be used?

I'm sure you have a calculator, and I'm sure you can word an agreement that will stand as evidence when you sue your offspring in the small claims court when they default.