Money Moral Dilemma: Should we cease contact with our daughter's ex-husband who owes us money?

Benny2321

sell the £14k debt to a debt collector. They’ll take perhaps 10% fee, you can keep the remaining £12.6k. Everyone is happy.

If your daughter doesn’t want you in contact with them surely that’s more important than money anyway.

badmemory

Well if he is mad at their daughter that would be a sure way to make him mad at them too & completely deny the debt.

Exodi

Benny2321 said:

sell the £14k debt to a debt collector. They’ll take perhaps 10% fee, you can keep the remaining £12.6k. Everyone is happy.

If your daughter doesn’t want you in contact with them surely that’s more important than money anyway.

I think given that debt collectors buy debts from financial institutions for around 10% - 30% of the balance, it's extremely optimistic to think they'd buy a debt off a member of the public, one which we're not sure has any formal agreement behind it, for 90% of the balance.

Fencepost

If the repayments of the loan are through the daughter in some way, then we have a potential problem. If on the other hand, the repayments are being independently paid back, then l can not see the problem, other than the daughter's disdain for her ex and wishing her parents would have nothing to do with him. I can't help thinking that if all the monies were paid back to the parents and then they said to their daughter, we would like you to have it towards a fresh start, what would her reply be?