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Urgent advice needed - taking out a personal loan for a family member
Comments
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probably less stressful to just gift the money as at least then you won't have the worry of expecting to get money back but not actually getting any back0
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jonesMUFCforever wrote: »Anyone else think this thread is a wind up?
It’s very similar, in fact, almost word for word, to a post maybe 8/9 months ago, about exactly the same scenario, coincidence ? Possibly, windup ? maybe.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
spam reported."This site is addictive!"
Wooligan 2 squares for smoky - 3 squares for HTA
Preemie hats - 2.0 -
If this money is for consolidation, and is due to be cleared in 6 months, then it'd be safer to just help with the repayments for the few months.0
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I've 'lent' money to family members and never received a penny back; but then I didn't expect to. You will have to regard this 'loan' as a gift, and if eventually you do receive some of it back then that will be a bonus.I used to think that good grammar is important, but now I know that good wine is importanter.0
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Well the OP popped in at 9.55pm, last night, but decided not to post anything - make up your own minds.0
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Hi everyone,
I just wanted to drop back in to say a huge thank you for all of your responses.
I ultimately made the decision to decline sadly, and your advice was a big help in coming to that decision.0 -
Thanks for coming back with your decision.
I hope that other family members come to the same choice.0
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