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Organising a Loan with a Friend
Comments
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Asking him what caused the debt would be a start. You don't want to gift him a large sum of money for it to be frittered away and the problems to continue.goodolddad wrote: »On a similar vein, my son is £45K in debt and I want to give him the money to pay it all off as I have over £60K saved.
My total assets including my house are just under £300K so I don't believe inheritance tax would come into things if I die but are there any other things I need to take into account?"Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
Part of it is a loan, there is also an outstanding amount on a car and the rest is credit cards and two overdrafts that him and his wife ran up last year while she was unemployed for 5 months.
To be fair they never came to us about this it was my other son who told us that they were struggling to pay off all this debt.0 -
After reading an article on saga website it appears that I don't have anything to worry about.
Sorry I cant post a link but as a new poster I'm not allowed to post links.
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goodolddad wrote: »Part of it is a loan, there is also an outstanding amount on a car and the rest is credit cards and two overdrafts that him and his wife ran up last year while she was unemployed for 5 months.
To be fair they never came to us about this it was my other son who told us that they were struggling to pay off all this debt.
That's a lot of credit card bills to run up in 5 months even if you take off the car and a loan. Are you sure you have the full story?0
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