Re: FAMILY LOAN DILEMMA

BreKay · ‎06-28-2020

"Now she understands that the sister and bro-in-law are not reputable, and, although she will continue to have contact with them at family functions, her affection for them has been destroyed".

The sister & brother in law DID NOT get the $$$; their ADULT daughter did. I don't understand why the parents are not reputable for something they had no part of. If you want to be angry at any member of that family, it should be directed towards the person involved in the transaction - your daughter's niece. My two cents.

pdlinda · ‎10-23-2011

It's his sister. I think they have other obligations (especially with the Holidays coming up) that they're prioritizing and, as you say, depending on my daughter to be busy and inattentive to this gnawing issue that won't "go away."

It's a lesson learned but their reputation is ruined. That I will say without hesitation.

pdlinda · ‎10-23-2011

@BreKay NO...the parents of the niece pledged to pay the loan at the onset because the niece has the $$ from her employment to pay the rent and other bills; HOWEVER, she didn't have the security deposit so my daughter received assurance from her parents that they would pay it but didn't have the $1250 on the day their daughter needed it but would have it IN FULL in 2 weeks....that's what the arrangement was and that's who reneged on the arrangement.

pdlinda · ‎10-23-2011

@Isobel Archer 100% She was assured by the PARENTS that they would pay the loan back in 2 weeks. The niece didn't have, doesn't have now, nor would be expected to have in the near future $1,250 for a security deposit. She pays all her bills on time and is responsible. It's THE PARENTS who pledged to give her the $$ but they didn't have it at the time she needed it so my daughter stepped up and depended on THE PARENTS to repay her on time and in full! LESSON LEARNED!!

pdlinda · ‎10-23-2011

@Isobel Archer I thought of that as well.

I think that's a possibility but the answer is NO!

She'll have to work it out with the inlaws.

Sooner · ‎03-10-2010

@San Antonio Gal wrote:
@Sooner wrote:

@pdlinda I think your daughter is old enough to make up her own mind about this. And I also think it's an expensive lesson she will have to chalk up to experience.

No she doesn't have to "chalk up to experience". She can take legal means to collect the debt.

@San Antonio Gal It's family. You don't take family to court over something like this. Going to court means no more family. I can't see that that would ever be worth it over this sum of money. It's a battle for life, grudges for life, maybe splitting up a family. And of course the only ones happy with the outcome will be the lawyers.

elated · ‎06-09-2010

@Sooner wrote:
@San Antonio Gal wrote:
@Sooner wrote:

@pdlinda I think your daughter is old enough to make up her own mind about this. And I also think it's an expensive lesson she will have to chalk up to experience.

No she doesn't have to "chalk up to experience". She can take legal means to collect the debt.

@San Antonio Gal It's family. You don't take family to court over something like this. Going to court means no more family. I can't see that that would ever be worth it over this sum of money. It's a battle for life, grudges for life, maybe splitting up a family. And of course the only ones happy with the outcome will be the lawyers.

Who cares if it's family, that doesn't mean they don't need to make good on commitments. The relationship is already in the toilet. You don't need to hire a lawyer to go to small claims court. To keep pretending everything is good doesn't make sense. I hope the daughter doesn't give up and gets her money back. IMHO, you can't choose your family but you can choose your friends.

Carmie · ‎10-25-2010

@Sooner wrote:
@San Antonio Gal wrote:
@Sooner wrote:

@pdlinda I think your daughter is old enough to make up her own mind about this. And I also think it's an expensive lesson she will have to chalk up to experience.

No she doesn't have to "chalk up to experience". She can take legal means to collect the debt.

@San Antonio Gal It's family. You don't take family to court over something like this. Going to court means no more family. I can't see that that would ever be worth it over this sum of money. It's a battle for life, grudges for life, maybe splitting up a family. And of course the only ones happy with the outcome will be the lawyers.

Why don't you take family to court?

If the money owed was $20 it would be no big deal, but $800 is a lot of money.

If you made $20 an hour, $800 is a week's paycheck....40 hours worth!

Family doesn't treat family like this. The niece

or her parents who guaranteed the loan payment, need to pay or and make arrangements to pay it off.

They should be able to pay $50 a month minimum....and for the trouble, they should pay interest.

Heck, no more family? Who needs family that treats you like this? They are criminals and ran a scam to steal.

I'd be down at the magistrate's office filing paperwork before this weekend if there was no plan in place to pay up.

No lawyers are needed for claims under $5000. It's pretty easy to do. Been there, done that...would do it again.

pdlinda · ‎10-23-2011

@Carmie I think you made several powerful points in your response. First, my daughter is a hard-working professional who is raising a large family with her husband.

I agree that if the outstanding amt of the loan was nominal, it wouldn't be worth her time to collect it; however, $800. is A LOT OF MONEY!

I also think your point about charging interest is appropriate. The loan was due on Oct. 1st. Now, it's going to be Nov. 1st. That's A MONTH LATE. Can we only imagine what a retail lender would charge on a loan balance that was 30 days late??

I think she will tackle this situation over the weekend and I hope she can reach a satisfactory arrangement to bring this situation to a reasonable conclusion.