Family member loan

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Hello!
My dad has very kindly offered to lend a family member some money (less than £1,500)
Is there any paperwork he can give to be signed to say that the loan was given and the repayment terns?
Would it be binding? (Ie, if they don't repay and dad goes through small claims would it be sufficient)
It's not a huge amount, it's more for a deterrent for my cousin to not refuse to pay it back. Everyone sees my dad as a bank unfortunately and he's a soft touch
TIA
My dad has very kindly offered to lend a family member some money (less than £1,500)
Is there any paperwork he can give to be signed to say that the loan was given and the repayment terns?
Would it be binding? (Ie, if they don't repay and dad goes through small claims would it be sufficient)
It's not a huge amount, it's more for a deterrent for my cousin to not refuse to pay it back. Everyone sees my dad as a bank unfortunately and he's a soft touch
TIA
0
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But it all depends on whether he's prepared to pursue the relative through the courts and whether the relative can pay. If not, there's not much point.
Before you spend, remember the MSE Money Mantras. Ask yourself, do I need it? Can I afford it? If the answer is NO to any of those questions, DON’T buy it. (Quote from MSE 15/11/22)
Politeness & courtesy are some of the few things in life that are free. Please remember that when posting, I may ignore permanently the unpolite, tedious, unconstructive and deliberately obtuse comments. Many thanks.
My mom has loaned myself and my siblings money from time to time. She hand wrote a note with the date, amount and terms for repayment and little else. The note was then saved with her will until such time as repaid. If not repaid then it would be deducted from any inheritance. Obviously this may not apply between your dad and the recipient.
2023 £1 a day £54.26/365
Honest answer is no agreement in the world will get him back his money should the relative not want to pay it back.
Obtaining a judgement is just a basic first step, there are numerous levels of further enforcement to go through to actually recover the money, and it all depends on the debtors willingness or ability to pay in the end.
If they are intent on lending the money anyway, only do so with the expectation of never seeing it again.
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
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For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
Thought I'd update you! Dad decided against lending the money
Thanks for the advice though! Much appreciated
M x