Is it okay to loan my brother money?
Is it okay to loan my brother money?
It’s tough to make an objective, logical decision about how to help your brother or your parents. There’s just too much other baggage involved. In my case, I’m not willing to loan my brother money. Though it sounds harsh, I don’t think he’d ever repay it.
What happens if you lend a friend$ 15, 000?
Before you loan money to a friend, know this: Whether you lend $5 or $15,000, you may never see it again. About two-thirds of people who lend money never see it again, according to a survey of nearly 3,000 adults released by CouponCodesPro last year. They owed an average of $522 each, which puts your and your wife’s generosity into perspective.
When did I loan money to a friend?
My wife made a couple of loans to friends roughly 10 years ago. They were having trouble making ends meet. I was not in favor of loaning money to friends, but my wife felt that the situation warranted it. The total of the agreed loans was around $15,000, not including the accrued interest at an agreed-upon 5% rate.
Why is my brother struggling with his finances?
Like Dave, I have a brother who has really struggled with his finances over the past few years. Some of this is because bad things have happened to him, but a lot of it stems from his choices. And he just seems to keep making the same poor choices, even when I offer suggestions on how he might help himself.
It’s tough to make an objective, logical decision about how to help your brother or your parents. There’s just too much other baggage involved. In my case, I’m not willing to loan my brother money. Though it sounds harsh, I don’t think he’d ever repay it.
What did my brother do with my inheritance?
They sold our main family home/ Becasue my father wa sretired and had insuficient income ect for whatever the reasons they asked my brother to help them secure a loan for the FL home which he did. So the deed was in his name.
Like Dave, I have a brother who has really struggled with his finances over the past few years. Some of this is because bad things have happened to him, but a lot of it stems from his choices. And he just seems to keep making the same poor choices, even when I offer suggestions on how he might help himself.
Why was my brother arrested for inheritance theft?
My parents called the police because they were going to drive off intoxicated. The police came and the three of them were arrested. my brother & his blind boyfriend who freaked. I understand. My sister was not arrested but was told to she would be next if she didnt stop her behavior. she was blasted.
Is it true that my brother is stealing our inheritance?
My mother has no idea and certainly wouldn’t approve of his actions if she did. It seems as though my brother has figured out the perfect crime. Please tell me how to stop him from stealing what should be our inheritance after she dies.
Do you have to pay a family member a loan?
Just because a relative makes a loan doesn’t mean he shouldn’t be paid. He put himself out for you and you should feel bad that you aren’t paying him. You must at least make a partial payment each month. No one should take advantage of another, whether they are a relative or not.