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Loan from my parents - payback ideas
Comments
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Are you also paying back the other family gift/loan? If so perhaps they are miffed that they are not having priority over repayment.
Also if you are able to up it to £450 then that may be why they are upset, you could be paying £450 but you are only paying £100.
I'd up the repayments as high as you can and get the debt paid off, although I think once you increase the payments the relationship will improve as it will show a genuine effort to repay the loan.0 -
Thanks for all comments - I've got what I needed.
I'm upping to £200 per month and plan to up this over the next year. I will communicate this with parents - hopefully that will help. I am also pursuing multiple evening/weekend jobs.Business borrow WAS £12,000 Now £10,200 | House deposit WAS £20,000 Now £10,943.33 + £15,368.55 of Interest at 5%
Purchase CC 0% WAS £180 Now £145 | Balance Transfer CC 0% WAS £1,153.48 Now £1,788.84
Total debt WAS £58,269.15 Now £41,949.720
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