We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Help with parents!
Comments
-
Definitely check the credit files and check they are o.k. It's not unknown for people with similiar/the same names to get muddled up either by accident or on purpose. Lazy debt collectors/bailiffs etc will go after the first person they find with that name and initial so be warned. Make sure the files are correct. Obviously he should be extra careful as he knows his parents have money problems. Also if he takes out money in his name, then legally it is his debt (whether or not it has been used to support his family and dispute any agreements between the family as to who would pay).
He also needs to think about at what level he is happy to subsidise them. He needs to think at what point he is prepared to walk away and what he wants in return for his money/help - do they need to go to a debt counsellor and get help? Does he want the money repaid at a set amount each month? Is he prepared for them not to pay the rent and to have to bail them out? etc. etc.
Best of Luck, it can't be easy.
dfMaking my money go further with MSE :j
How much can I save in 2012 challenge
75/1200 :eek:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards