Sister wants a loan!! What to do?

lynzpower

no.

tell her to sell her handbag.

olly300

Just tell her you don't have the money to lend her and then talk about your own situation i.e. you need to pay this or that bill or you will be cut off.

And every time she asks you for money however small the amount is just do that. She will soon get the idea not to ask you.

lynzpower

NekoZombie wrote: »

Yes I agree with the idea of this - actually doing it is very hard though. Part of me feels that I am really letting her down as she needs my help.

but she wouldnt need your help if she hadnt bought the handbag.

She needs to learn a lesson, why should you be put out in favour of her vanity?

Rain_is_Insane

I've got family like this too....i did the stupid thing and lent them the money cause it tugged on my heart strings. Never saw a penny of it back.

Never a borrower nor a lender be is my uncles motto (probably why he's rolling in cash but it obviously works)

Time for harsh reality i think....a big fat resounding NO!!

immoral_angeluk

No way. If you're unlikely to get it back then definately not!

magentadreamer

Time for some tough love me thinks - tell her no and ask her when she's repaying your Gran back.

smudgemanc26

I agree with Lyns tell her to sell her handbag, whats more important having a roof over her head or being seen with the latest bag, its not as if she can live in the thing is it!

fistfullofdollars

If you do give her the cash....

Take the handbag off her as a bond.

Give her 1 month to get the cash back to you or the handbag goes on ebay with a reserve of £250!

(£50 admin fee)

In_Search_Of_Me

Absolutey 100% NO!! She's got a real cheek really (buying bag & paying nothing back to people she owes!) and learn that debt has to be paid back the hard way! Possibly use the opportunity to say you understand how hard it is being in debt and that you will support her in paying things off. Plus when did we ever learn when people bailed us out!! Its only when you get to crisis point often that you have to start sorting & from the look of it she needs to have her LBM!! In understand why you feel bad but really you would not be helping her if you DID bail her out! Be strong...even if its hard!!! HTH!

fermi

Hi Neko

I agree with the majority opinion here. You shouldn't give her the loan. It would end up being a gift.

Unless she sorts herself out, her financial position will probably come to a sticky end no matter how much you lend/give her.

The best gift you can give her is advice and support to sort out her finances and priorities once and for all.

That will be hard, but you have come a long way and gained invaluable experience in having to deal with your own situation.:D You can use that to help her.